money, we decide and tell government how much of our they can take. it's ours, let's decide how much we want to give, and that's way too much. charles: yeah. we'll see. all right, david, always appreciate it. fantastic conversation. liz claman, we're slighting off the lows of the day, but that 43.4 was jarring enough to really derail what was turning out to be a good day. liz: well, i'll tell you something, there are shivers all up and down wall street at this hour. but we're going to get more clarification on that the in just a minute. charles: yeah. liz: in the meantime, the world's leaders making pledges to spend and invest trillions of dollars to rid the atmosphere of carbon. president joe biden hosting a leaders' summit on climate right now. heads of china, russia, u.k., germany and more pledging to do their part. how does that translate to investment in i mean, what investment opportunities could arise as the president aims to choke off carbon emissions,

which industries will be on the losing tend? former trump epa administer and former nrg ceo are both here. markets sinking on another biden proposal, word he plans to increase capital gains taxes on the wealthy. who's wealthy? we've got to figure this all out. floor show traders are going to tell us why investors freaked out over one of the president's top campaign promises. bitcoin slipping again as cryptocurrency investors are absolutely terrified as to what new regulations will take form in, and could they crush their investments as they ask will the sec use a regulatory machete or just a very focused scalpel? a big interview with sec commissioner hester purse,aka crypto mom. she joins me and charlie gasparino coming up. and kilroy was here, and he's got a nonfungible token. why hollywood director, actor

and writer kevin smith decided to auction his movie as an nft in his first tv appearance, he's going to tell us why and how it's going to work. but first, we begin with a fox business alert. we do have the dow losing about 253 points, but we're looking at a mad scramble on wall street at this hour to figure out what the the biggest money-making opportunities will emerge from biden's climate summit. on the table, trillions of dollars in spending and new regulations that could change the shape of business worldwide. listen to president biden. >> i see an opportunity to create millions of good paying, middle class, union jobs. i see autoworkers building the next generation of electric vehicles and electricians installing nationwide for 500,000 charging stations along our highways. i see the engineers and the construction workers building new carbon capture and green hydrogen plants to forge cleaner

steel and cement and produce clean power. liz: okay. we're "the claman countdown," we're always looking at the trade. investors are already ahead of the game. environmental, social and corporate governor pharynx or esg -- government, or esg, accounting for a third of total u.s. investment. hundreds of companies backing the president's call to get onboard here and cut emissions by half within ten years. and as we look at this breaking news through the prism of investing, from real opportunities to flash in the pan areas, to sectors that could fall by the wayside, let's bring in former epa chief under president trump andrew wheeler and david crane, foreman nrg ceo whose spac is reverse going with ev go, the nation's fast-charging network. david, let me get to you first. what's the most significant development coming out of this daylong event that has a direct

arrow to an investment opportunity? >> well, liz, first of all, it's good to see you, and happy earth day. you know, i think the most important thing in the summit is raising the idea, just awareness and also the idea of american leadership on climate which obviously has been missing for a few years. in terms of the opportunities, much like you alluded to, whether you're talking d.c. fast-charging the electrification of transportation or the replacement of expensive fossil fuels with cheaper renewables, you know, i could go on and on about the opportunities. and, you know, carbon capture opportunities, hydrogeneral, it's all just -- hydrogen, it's all just incredibly exciting in job creating. liz: okay, but is it real? andrew, businesses not jump on this bandwagon unless it's good for business. to that end, i looked at royal dutch shell coming out recently saying they're going to cut fossil fuel production by 55% over the next decade while

stepping up its buildout of electric charging stations. what does this mean for oil giants? let's start with that. >> well, first of all, happy earth day, liz. and, david, good to see you again. there's gown to be, certainly -- going to be, certainly are, business opportunitieses on the battery storage side in particular. a lot of the large, traditional oil companies are looking to reinvest in solar and wind. the president laid out a very ambitious goal today, 50% in ten years. i don't think the technology is there today to get us to that point, so there's going to need to be a lot of investment in newer technologies, lighter weight materials if that's going to occur. but i really think at the end of the day in order to insure that would occur, he's going to have to turn to congress for some bipartisan legislation. the obama regulation for the electric power sector got stalled by the supreme court. our replacement regulation got

stalled in the d.c. circuit, although i think the supreme court would have upheld it had it gotten to there. but i think you can't force regulations out of whole cloth. you've got to have the laws behind them to justify and to provide the authority for new regulations. so i think there's going to have to be some congressional there in order to meet the obligations that the president has laid out today. liz: yeah. and, you know, when you were in the trump administration, you know, we look at what happened there, there wasn't exactly the biggest appetite within that administration on certain levels when it came to going green. i mean, there was pushback on the auto companies. the auto companies are now going full forward force when it comes to gm and ford and tesla and, you know, i'm talking about the u.s. guys, not just to mention the foreigners as well, going electric. so, david, you're investing in charging stations. you know, ev networks.

so talk to me about what you see there, because there is a huge ecosystem here. >> well, liz, you know, the electrification of transportation at point is almost inevitable. because, as you said, not only the new entrants, the teslas of the world are going, you know, are all plug-in to begin with, but ford, gm, you know, gm aspirationally wants to not sell internal combustion engines, so the plug-in for charging is huge. and for charging in public, it's even faster growing. because, you know, not everyone in america lives in a single family, detached home in the suburbs and do the charging in their garage. and so this is a huge market. i think president biden talked about 500,000 public chargers, and these are very fast chargers now. so this is a huge area of technological innovation, a huge

area of job creation. and really the companies, the car companies and the oil and gas companies that don't get involved in this do so at their own peril. you mentioned shell is embracing this. i mean, you probably covered exxonmobil, what's going on at the board level there, and, you know, they went from about the most valuable company in the world in 2016 to kicked out of the dow jones 30 by 2020. i mean, so they need to embrace this, and i think the whole sector will do that. liz: got it. andrew, china is the world's large polluter and the world's largest user of coal. xi jinping saying today at this event we're going to strictly limit coal use by 2025. do you believe them? >> well, they've never, they've never fixed the problems they've made in the past. i was just hiking in colorado this week with, and the largest coal-fired power plant in

colorado, 750 megawatts, china built 50 of those last year. they have another 50 scheduled for this year, and they have 330 in the pipeline. former secretary kerry said that if we were to go to zero and china doesn't go to zero, it won't make much of a difference worldwide. so there has to be -- you know, china does have to come along on that, and so far they've never lived up to their commitments. but on the electric vehicle side, we have to remember we rely upon china for the rare earth minerals to produce these, and if we're going to expand that much, that's going to make us much more reliant upon china and other countries for the materials that we need for the green economy. liz: you know, whether our viewers right now are on one side of climate change or on the other, there's an interesting development. newberger berman which, of course, is a big finance hub, is going to use the power of its

vote to send a message to warren buffett e and company saying we're not going to support management until berkshire actually, you know, puts out, i guess, publishes an annual report on climate risk. because they have a huge energy division, obviously. what does that say, david? [laughter] >> well, asking me about that, liz, this is a bit of a sore point for me given the trajectory of my career. but i do think that boards of directors of the big american corporations tend to be one of the last pockets of resistance to embracing the green future. and so, you know, i obviously applaud newberger because this sort of environmental activism, you know, from people like jeff unbin who exxonmobil is putting up on their board, fidelity and calpers, it's just going to accelerate what's already happening which is that the corporate sector9 and the financial sector are both 'em gracing this in the future --

embracing this in the future because this is a societal change that's not going to be changed no matter, you know, what changes occur politically in washington or anywhere else. and just one last point on china, andrew's exactly right. the chinese could do better on the coal-fired power plant front, but they see the opportunity here. they're leading in electrification of transportation. and so the faster we can get ahead of this in the united states, the more we have an opportunity to win that the battle economically. liz: david crane, andrew wheeler, thank you for weighing in. this is a two-day event, and we look at it through the prism of business. we're not red, we're not blue, we're green. that's the neil cavuto line. thank you very much. stay at home stocks plexing their muscles -- flexing their muscles despite new signs of life in travel and recreation stocks. peloton, zoom and fubo tv are

all jumping higher into the close after getting caught up in yesterday's netflix-fueled selloff. peloton better by 1%, zoom up 1.5%. fubo jumping by 3.25%. netflix still in the red as investors weigh disappointing subscriber growth against blockbuster headlines for hbo max. the god villa v. kong streaming giant saying the monster faceoff brought in its biggest audience numbers yet since the digital services debut 11 months ago. overall, the telecom titan's strategy of simultaneous theater and streaming releases helping it gain 2.7 million new active hbo max subscribers in just the past three months. parent at&t jumping 3.6%. netflix down just under 1%. can we look at skillz? it's turning negative after jumping as much as 16% earlier this session after investing

guru kathy wood added 5 million new shares to her stockpile of the mobile gaming platform via her at finishing. the -- atf. a record percentage gain yesterday but, you know, maybe it's just a little profit taking right at this moment. skillz down 1.33% after being have been up pretty much -- after having been up pretty much higher earlier. chipotle up more than 17% in same-store sales and a massive 134% jump in digital sales. the ceo promising more sales growth to come but along with it more pending on new restaurant openings and other menu innovations like its wildly popular digital-only quesadilla offering. che poet lay pulling back by 1.5% right now. economic data painting a pretty picture of recovery, so

why are the dow, the nasdaq and the s&p chock full of the biggest companies on the planet in selloff mode right now? well, could be some breaking news out of washington, d.c. on tax rates for capital gains. our traders are going to parse this and what it means and how to play this roller coaster ride. stay tuned, we're coming right back. ♪ ♪ i had saved up some money and then found the home of my dreams. but, my home of my dreams needed some work. sofi was the first lender that even offered a personal loan, and i didn't even know that was an option. the personal loan let us renovate our single family house into a multi-unit home. ♪ and i get to live in this beautiful house,

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over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. ♪ liz: breaking news, take a look at the intraday of the dow jones industrials. it is now tumbling 332 points, extending its selloff on reports that broke this afternoon that president biden is preparing to announce a major increase in the capital gains tax rate on the wealthy. president biden's second proposed hiking taxes from 20% to 39.6%. this for people making more than $1 million a year. and he also proposes to raise the marginal income tax rate to

39.6% from the current 37%. reportedly helping to fund universal pre-kinder education and paid leave for workers. okay, nobody should be surprised. this is exactly what he said during his campaign. but the markets absolutely clearly do not like this. let's bring in our traders. sarge guilfoyle and scott bauer. guys, we're seeing the markets hitting session lows, dow back down below 34,000. how damaging could these proposed tax hikes be on the markets overall and people's investments if approved? scott? >> you know, liz, like you said, it is not unexpected news. we've been waiting to hear this for quite a while. now that it's in print, that's the shock to the marketplace. my opinion on this is if it really had a legitimate chance of gaining steam and getting to that level, the market would be down 1,000 points, maybe even 2,000 points.

so is it something that the market likes? of course not. not at all. however, the chances, at least in my opinion right now, that this actually gains some traction and gets anywhere, probably pretty small. liz: what do you say, sarge? this has had a chilling effect at least today on stocks but, again, putting it into perspective, these major indices are down. maybe we can look at the s&p intraday, down just about 1%. it's not the biggest shocker, punch to the gut. but what do you see as an opportunity and as a big problem here? >> right. well, i agree with scott 100% there's no chance that we get through even the house because politicians rely on donors, and donors need capital gains, and that's the whole ball of wax right there. what we're going to do, we're going to take advantage of this overreaction, this algorithmic overreaction, we need to balance

the pandemic economy versus the reopening economy. we're going to balance the need for global vaccine distribution. my solution is pfizer. we're going to balance the semiconductor shortage. you saw research last night, i like klac. higher inflation, maybe if this -- we wouldn't have to worry about growth or inflation, but we probably still do. i like in case of consumers reacting poorly to inflation, i like dollar general and mcdonald's. and with bad guys out there like russia and china, we're going to need high-tech contractors, i like palantir. liz: you know, i am looking, scott, at some of the brokerages from schwab to some of the other names here, and to me, you know, they're falling and financials are falling. jpmorgan's down aboutthe 2%. is there something to avoid if this comes at least partway through? i don't think congress is going

to go all the way for this, but what do you think, scottsome. >> well, i think the financials were actually down pretty much if all day before this news each hit. but, sure, if we start to see traction here, yeah, you could see the big brokerage houses, banks get hit. and certainly you'll see the growth stocks, the high growth stocks absolutely coming under pressure. this is no question about that -- there's no question about that. but again, i think as sarge said here, humans actually can outthink algos in this case, and you have to be ready and think about those types of sectors and stocks that you buy on a dip like this. liz: and, sarge, give me your last word on this. yes, at the moment the dow is down 333 points, the russell down the least here. the small caps seem to not be getting impacted. they're pretty flat at the moment. 10-year yield at 1.55. what you be watching that gives you a greater sense that this thing has some real denting to

it, some bruising power? >> well, if you start seeing, like scott said, the market take off to the downside in a really big way -- not 4-500 points on the dow, but 2-3,000 points on the dow -- then you know for sure that there is something to this. liz: okay. >> but believe me, we're not going to 43% capital gains taxes, we're not going to 52% in new york and california because that would kill the economy. a reaction that would make 2009 look like child's play. liz: yeah. i'm looking at the vix up about 9%. we do have a a little bit of fear in the market, we're at 19.05 for the moment for the volatility index. sarge, scott, thank you. as we look at this breaking news, we're going to continue to be watching. we'll keep our ticker here, you can see what the dow is doing, down about 349. low of the session, a loss of 420. from mall rat to nft

superstardom, director and entrepreneur kevin smith is here on why he's decided to become the first hollywood director to leap into the digital art market with his film kilroy was here and why the lucky winner of his rights to the comedic horror movie could be in for a hollywood-sized windfall of their own. closing bell ringing in 36 minutes. imminent, our interview, first on fox business with director kevin smith. ♪ ♪

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♪♪ liz: ooh, sony giving new life of to spider-man, striking a deal to bring all spiderman films to the disney plus streaming platform. and we've got sony at the moment moving up half a percent. walt disney, parent of disney plus, down half a percent. but you know what? it was only a few years back that releasing a movie direct to

video and then more recently direct to streaming was totally earth-shattering. but now writer and director kevin smith of "clerks" fame is doing something way more volcanic, becoming one of the first to release an entire film as a nonfungible token. will roy was here -- kill roy will here give the buyer in the only the unique nft rights, but also exclusive rights to the entire project. we welcome kevin smith in his first television interview about this fft. -- nft. this is nuts, exciting, fresh and fabulous, kevin, why are you doing this? the. >> i'm an old man, liz, let's be honest -- [laughter] i'm 50. my best years are behind me, any critic will tell you his best year was '94 and everything else is downhill. any chance to feel vibrant in my chosen field, film, is something that you leap at. i've always tried to think outside the box, distribute my own movies, take them on tour,

stuff like that. when this presented itself, my friend david shapiro, my partner, who i made kilroy was here, this little independent horror anthology that we put together two years ago right before my heart attack and we were about to taken to market this year after spending most of quarantine putting it together, dade was talking about -- david was talking about wanting to do a kilroy nft to make people aware of it. i know a bit about nf, ts, but how would that help, and he was saying it would help in the community to build awareness. i was, like, should we start with a jay and silent bob nft, he said i wouldn't have even thought to ask. as we were talking about it, since an nft is basically art a, graphic art representation, has anyone released a movie as an nft? and he's like the technology couldn't fit everything onto one nft right now.

it'd be too energy-burning and what not. and in a year, two years you'd probably be able to put one entire movie. i was, like, what if we sold a kilroy nft, this special nft, that you buy in the cryptoverse, but in the real world it comes with a bonus because sometimes you buy an nft that comes with a shirt -- liz: song or something. >> yeah. i was like what if the real world bonus was the distribution rights to kilroy was here? this movie that we made, under a million dollar budget, it's totally the sellable and stuff. but we felt like this would be an exciting way to bring attention to the movie, which it certainly has. and, number two, to bring somebody into the game. so not only do you have a valuable nft, one of a kind, where you've got value in the cryptoverse and stuff and the blockchain, but then outside of the blockchain in the real world you now have an asset that you can monetize. so that means you could figure out who to sell it to, to

distribute it to, whether to take it out or anything like that, andnd -- you could instantly become part of the movie business. i'll be there with you, i'll do all the promotion. the same way if i sold my first film, "clerks," to miramax. same thing would happen here. instead of me selling to the studio, i'm selling it to an individual. liz: i get it, but you're giving them the hard drive, the rights to distribution. the right to not distribute it to anybody? i mean, wouldn't that -- this is your baby. wouldn't that depress you if whoever ends up buying it says, no, mine, i'm going to keep it more myself. there are some people out there. >> we could bump into a martin shkreli or something like that with the wutang album. the auction happens about a month from now. what we've done is built in a

safeguard so that won't happen. the idea is if you win the nft, you win the movie, but the movie has to go out into the world. being that we've been in the business for over 20 years, like we've got the rolodex, the access to people, we'll introduce you. we're not going to leave you an a raft and be like figure it out. but all the decisions, ultimately, are yours. liz: okay. kevin, will there be a starting bid? >> such a great question. has to be, right? like, you know, even if it's minimal, still feels like you have to start with something. we, you know, have no idea where it could go. for me, this is win/win either way. if it goes for a lot of money, of course, that's wonderful, you know, i'm certainly a capitalist at a heart, to that'd be nice. but even if it died and went for, you know, like $10,000 or something like that, it's still a story that makes the movie more valuable than the movie was going to be prior to this. like, it makes it even easier to

sell whether it's a success or a failure because now there's the story, that's that nft movie. so it's instantly increased the value and the profile of this movie that like a week ago only a few people had ever heard of. it's exciting. some people are, like, why bothered to do this? why bother to do anything? if why bother to make "clerks," man? i was in podcasting early, i was into the internet early, comics and stuff, so this just feels like part of what i do. let's try. this field's exciting, and within two years they're going to be able to pack movies onto an nft. and the moment we made this announcement i had people, two people from the studio system i haven't spoken to in years who called me up, got in contact. this is smart, we were just about to do the same thing. so i know hollywood is coming, man. they smell money, they smell opportunity. they're right behind me. i just see a digital playground where i could make short films

directly for the audience if i wanted to on an nft. liz: well, you are a forward thinker, you're pretty selfless. will you come back on the day that it goes live on this blockchain? it's fascinating. we really hope you'll come back, kevin. >> i would love to. i'll be there, that's where we're going to be doing it which opens april 28th. the drop for the auction is may 28th. one month later. liz: okay. kilroy was here. kevin, great to see you. crypto mom of the sec is next. don't go away. ♪ ♪

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will new sec chair gary gensler play mr. freeze with new rules? bitcoin slipping another $1856 at this hour: maybe sec commissioner hester purse, aka clip toe mom because she -- crypto mom, because she understands the space, might give us a window. we've also got charlie gasparino -- >> just call me crypto man. liz: crypto mom, crypto man. [laughter] commissioner purse, thank you for being here. let me just start with a blunt question. will the sec be wielding a scalpel or a machete? >> well, it is early days. chairman gensler hasn't been in the spot for too many days, but because he is someone who's built a regulatory framework in the past where none existed and there's definitely a call for a regulatory framework here, i think we can expect that he'll

be open to the idea of building something, and i'm hoping to work with him on something. >> hester, thanks for joining us. i'm only kidding about the crypto man part. i barely i knew what cryptocurrency was until a couple weeks ago. to be frank, i know a lot of guys in this beat, they're worried about regulation. they keep hearing t knotts going to necessarily start with the sec, but with treasury. and, as a matter of fact, when we asked can jen psaki, president biden's press secretary, about crypto regulation, he pointed us to the treasury department. so clearly, something is happening from treasury. is that your understanding, that it's treasury that's going to give you guys the rules of the road going forward? >> well, i should say that i speak for myself and not even the sec, let alone the treasury. we are an independent regulatory agency. so that's one of the complexities in the united states. there's so many different

potential touchpoints from regulation to crypto, and i think that's been a difficult thing for people in crypto to, you know, discern and figure out that land scape. i will say that within treasury, a department that was looking at crypto, has been look at crypto for many years now, was out early with guidance. and so i don't think that people are too surprised to see fin-sen involved as there are potential anti-money laundering, know your customer, bank secrecy act issues. >> right -- liz: one of the things can be. >> let me just -- liz: i was just going to ask, charlie, one of the things that we don't want to do with any new innovation is to strangle it through regulation. butting of course, we don't -- but, of course, we don't want people unsuspecting going in and losing a ton of money. what are the limits of regulation over i guess the

jurisdiction of digital space here when it comes to cryptocurrencies considering it is very global? >> it is global, and that's one thing that makes it a very complicated thing to regulate. although our capital markets in general are global, so that's not something new for us. i mean, i think you put your finger on exactly the dilemma that we face. we want to allow enough freedom so that there can be innovation, but at the same time answer the calls for regulatory clarity so that people feel free to innovate and to experiment. >> well, you know, hester, one thing that's on major investors' minds and, again, we're not talking about the kids on robinhood that are trading this stuff. i'm talking major hedge fund investors, they -- always in the back of their mind, they always say, you know, we think they can't ban it, but you never know. is this a possibility that you think the biden administration would enact a ban on cryptos as they become used in many more

ways and as janet yellen herself says mainly a tool for money laundering? is there a ban potential here? >> well, i think it's really difficult to ban something that's essentially a peer-to-peer technology. and so i think really the goal is to try to, as with any other technology, prevent people from using it for illicit purposes but certainly allow them to use it for legal purposes. and that's what i expect to happen. >> do you think there will be a bitcoin etf in the next year? >> that's the big question that everyone keeps asking me. you know, i've been asking that question for three years, and so far the answer has been no. i'm hopeful that with a new chairman here at the sec, we'll be able to take a fresh look at some of the reasoning that we used to deny bitcoin exchange-traded products in the past. but, frankly, canada's ahead of us now. they've not only got bitcoin exchange-traded products, but they have exchange-traded

products based on ether. >> have you asked gary gensler? >> well, he just arrived -- [laughter] so i'm trying to let him settle into his office first. but it'll be a question i ask. >> okay. sounds good. liz: charlie, he's trying to find where the bathroom is -- >> i know. [laughter] liz: commissioner -- >> investors want this yesterday. they want this -- liz: i know. >> so does crypto mom. [laughter] >> liz: i've got to ask you a specific question, commissioner, because you and i spoke about this earlier, but now -- he hasn't even been there a week, and yet he has at least under this new leadership, he has said that the sec, or he has indicated the sec should go forward with its lawsuit against xrp ripple saying it is not a currency, it's more of a security, and they cannot be operating as a current is i. currency. that does not bode well for xrp holder, does it? >> well, i can't speak to specific enforcement actions,

but what i can say is it's quite unusual to see enforcement actions that are in process change when a new chairman comes on the scene. so once an enforcement action is authorized, it tends to proceed normally. liz: would you argue for letting xrp live are as a currency? from your standpoint? >> well, again, i can't speak to a case that's in litigation now which we do have a litigation with -- that involves xrp right now, and so i can't speak to it. >> when do you think we get some clarity on regulation? here's why i ask. it's all over -- it's affecting the prices of crypto. it's all over the internet that yellen's going to propose a capital gains tax on crypto. i mean, that's the rumor. i'm not saying that's true. we're not reporting it out. i'm telling you, that's affecting the pricing. when are we going to get some

clarity on what the hell's going to happen going forward? >> well, again, it's hard for me to speak to what other government agencies are going to do, and even where with respecte sec, we are in a new phase. i just put out a revised version of a safe harbor proposal that i put out a year ago, and i'm gathering feedback on it. it's something i'm going to present to chairman gensler and ask him to consider. i'm hopeful that we will do something. again, i think all of the new folks in the administration have quite a bit on their agenda, and most of which doesn't involve crypto. liz: sec commissioner hester peirce. we thank you very much. crypto man thanks crypto mom. we're coming right back, don't go away. stay tuned. with one companion that hedges the risks you choose and those that choose you.

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♪. liz: okay, even with the broader market right now, dropping about 1%, take a look at match and spotify, defying the selloff right now. both are trading higher by 1 1/2%. the online dating and streaming radio service also moving perhaps on this, both companies taking on apple and gaggle yesterday on capitol hill in a all-out slugfest over the tech titan's app store policies which many developers accuse of being anti-competitive charging too much in commission. and then apple air tech predecessor tile was there as well, as democratic senator richard blumenthal from connecticut called out apple specific for sherlocking. those that don't know, sherlocking is techie term critics use apple researching out competitors and wildly popular app store competitors, copying what they do, doing

whatever they can to literally erase their competition. just an allegation. tile ceo says he welcomes fair competition, apple's history left him quote skeptical. as the attack on the app stores continues, host of kudlow, larry kudlow joins us. if you wanted to defend apple and google, if you don't want to sell, don't pay commission on the app stores, don't. this is our business and our candy store, we'll run it how we want to. then there is the monopolistic issue. >> if richard blumenthal is against apple, i people i have to defend apple. it's a free country, it's a free world. if you want to charge commissions go ahead charge commissions. that is the way business works. i don't know if that is true, liz, i'm just making this up because you told me blumenthal

is against apple. liz: larry subscribes to the enemy of my enemy is now my friend but let me ask you, press you a little bit here, you have names like spotify. these are big names that can afford it. the little guys who have literally nowhere else to go because apple's app store owns the space. bless them, they have done a really amazing job of formulating a multibillion-dollar business but is it fair to wield that now, and lord it over everyone? >> look i don't have any problem with investigating and i know there is monopolistic or oligopolistic issues with all the media companies. i get that. i'm sympathetic to that. the biggest issue i have is censors. stop censoring conservatives, stop censoring conservatives. i mean that. that is the biggest sin of all. liz: with the tech companies. >> yes. liz: thank you, we'll see you at

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♪. liz: we are all always looking for the next great investment, right? our "countdown" closer has what she calls the next era of investing. even as she looks forward, she is looking back to well-established names you may have already in your portfolio. logan capital sara henry has 3 1/2 billion in assets under management. put up your three names. you're talking about the nextera, and future. it is nike, mcdonald's, vf corp, the owner of so many names we all used for the many, many years. why these three? >> it's a really interesting period where the end of a long and enduring market, growth

market, disrupted by the pandemic, it is a normal to think what's next in so we think that it is important to look for quality at this point and cash flow, that is going to support companies that demonstrate strong stewardship of capital and they do this by raising the dividend year in, year out. the companies seem different but they have the quality of raising the dividend over history of good times and bad. the pandemic was no different. and then on top of that we're in an interesting time, just for some context we're in a relatively early stage of a new computing cycle. these cycles are typically 10 years long. these cycles enable companies to increase productivity exponentially. liz: sarah henry, logan capital. thank you for these three names.

we'll put them up on facebook.com/lizclaman. [closing bell rings] the dow is down 315 points. the s&p down 37, on a report that president biden will hike the capital gains tax at some.that will do it for "the claman countdown." time for "kudlow." larry: hello, everyone. welcome back to "kudlow." i'm larry kudlow. great to be with you. lots of big news today, mostly on the climate front and how ironic. today is earth day. i'm all for the earth but i am not for these climate change policies that are coming out. i'm not a climate denier. i know there is a human element to the carbon emissions story. i also know there are natural elements to the carbon story but what we learned today is that president biden wants to slash the level of carbon emissions to be 50% lower in 2030 than the