tv The Claman Countdown FOX Business April 30, 2021 3:00pm-4:00pm EDT
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are worried about wage inflation and that would put a kibosh on corporate earnings so pay attention to the earnings numbers. charles: all right, it's a above 900, we call it a slamdunk. nancy, thank you so much. now over to liz claman. liz: we do get breaking news, president biden announced banning all travel from india starting may 4, this is an effort to keep the spike in cases of covid from coming to our shores. we are going to get more on that in a moment. in the meantime, we have on the screen here, investors are pocketing profit because markets are banking big monthly gains. the dow s&p are on track to close out there heard great monthly jump and wait until you
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hear how many jobs in the rope we've seen for the nasdaq but it's just under 22 and a half hours, a man known as the greatest investor of our time will open his investment playbook for the world to see before omaha, warren buffett gearing up for his second straight annual shareholder meeting will, he will share what he sees on this particular prism for the future of the economy but more than 70, it checks the block is on everything from consumer spending to inflation and pandemic buying. the ceo jim weber is here first on foxbusiness, millions turn to running during the lockdown, rising materials cost and how one particular segment of the secret empire is quickly turning into a nike slayer. buffett has long said the rich should pay more in taxes for the rest of the growing wealthy who don't agree, president biden calls to raise taxes at the higher end finding tax breaks on
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everything including alternative investments. the ceo is here on helping investors set up there we say this style investment at a new hub in the heartland. being a president biden, guess who's making news on banning india travel but making his latest pictures, $2.3 trillion infrastructure plan live right now in philadelphia, we have up to the second detail and the stocks moving on the news he's making right now but first, let's get to this foxbusiness alert, we may be seeing red but april has been very good to the market. the nasdaq set to score its sixth straight month of gains while doubt and s&p are on pace with her third. what helped dominate? for the dow, let's put it up on the screen, consumer spending striving, lisa up 10%. american express up more than 8% and customer relations family,
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also bloody 8%. flip it to the s&p, big leaders upside move of more than 20% for the month including tax, dish networks and pool corporations, does that surprise anybody? everybody wants pools at the moment during the entire year, the lockdown. nasdaq, one vaccine thing popping up, moderna up nearly 40% and stay at home. offset jumping 22% with alphabet, google rounding out the top three, 14 and a quarter%. from the start of april when there was rampant in speculation that investors would start to take profits because people thought we had too many wins in a row, well, for now it appears the markets are still tesla so what mike may bring? michael, no april showers, we didn't get soaked on our portfolios but which will be the
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may flowers? >> i don't think they're going to be the names that dominate the market and by dominate the market, we know a lot of asset managers acknowledged that bull market is heavily narrow stocks. at the front end of the nasdaq 100, microsoft, amazon and apple, you can throw in the two google's, they constitute 50% of the nasdaq 100. those same stocks constitute 20% of why the s&p is up. something big is just happening by our measurements, we don't look at twice that much, affecting the aspects and our analysis, the structural analysis, we analyze momentum of price and assess the structure of the trend just like price charges looking for leakages.
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that's what we do. there is a problem, we are hating having déjà vu with our 2000 top. in 2000, it was a narrow leadership at the tail end of that as well, that was only a 6-year-old bull market versus 12-year-old. the nasdaq 100 again. it was.com right now, that relationship between nasdaq and s&p has collapsed. it collapsed in february and into march, 28% drop meaning the s&p ground higher, nasdaq held steady. it collapsed the spread and tells us it collapsed enough to break all long-term trends meaning the relative performance of your leadership, the stocks we've seen this week go all the good earnings. liz: let me jump in here and let scott bauer weigh in here, the may opportunities you see, what
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are they and could i get you to predict whether we will see another move to the upside monthly for one, two or all three? >> sure. i would say yes, you will see rising higher moves, the one i am most concerned about are the small caps, results, nasdaq and s&p will go higher. three stocks in particular really like, all of which are coming off their highs. investors have taken profits. number one, caterpillar. a blowout first quarter. they do expect some of the cost to go up which we are seeing across the board due to rising supply chain issues, material cost inflation, and buying on the weakness here after the report, it was a blowout quarter. texas instruments, disappointing investor sentiment after the report here. looking forward here, i love the bottom line, they rise their
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guidance, this one on maintenance. the third one is in the auto space and it volkswagen, vw ag why, not tesla which i heavily considered here but volkswagen plans to design and develop its own high-powered tips for autonomous vehicles and again, with the big sell off like he saw last month, a great place to get in here, those three are focused, these are stocks that have pretty much blown up all-time highs, investors sold now down to reasonable, in my opinion, levels. liz: great time to about was november, definitely. great, thank you on this friday. we have about 53 minutes before the closing bell rings, got to get to pennsylvania, breaking news, the biden administration announced moments ago that it will restrict travel from india beginning may 4. the centers for disease control making recommendations to the white house due to the massive
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number of covid cases and multiple variance spreading throughout that country. the president begin right now in philadelphia to promote $2.3 trillion infrastructure plan, let's get live at the white house, lake, pennsylvania a key battleground state during the election, still a very important place to make big statements on infrastructure. >> have been for a while, key battleground states and probably will be for a long time going forward. pennsylvania is state he knows well, he's there. a live look in philadelphia today, the american jobs plan, 50th anniversary they are celebrating, of amtrak and part of the american jobs plan, doesn't $80 billion commitment to the amtrak backlog and try to update and maintain the northeast quarter. the white house and lead into this is highlighting exactly
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certain needs of what pennsylvania needs. for example, they say 5% of the state doesn't have acceptable broadband internet, $16.8 billion in water infrastructure will be needed over the next 20 years. manufacturers, employing 9.3% of the workforce and 93000 people work in clean energy, something the american jobs plan wants to transition to, there are other questions how that might impact for example, pennsylvania. the president is pitching his american families plan, the average cost of childcare for a toddler, $11400 sending your kid to a child care. community college 57 hundred bucks a year end incentivizing teachers to get into the workforce has been 49% increase in new teachers in pennsylvania so something the president highlights today but when you talk about the american jobs plan, give or take $2.2 trillion, the american families plan, $1.8 trillion, talk about $4 trillion the white
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house hoping to roll out here in the upcoming week and months, that's an absolute no go for republicans is the white house is calling for an increase in corporate taxes to pay for it and the wealthiest of americans to pay for the american family plan. lift look at the president as he continues sales pitch on a centrally his economic vision. charles: . liz: 50th anniversary of amtrak and lots more spending to go with all of that. what about this travel restriction announcement literally coming right now starting may 4, the president and administration will restrict travel from india, we looking at india, they are all in the red, down about 1.6%, at the lowest
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there, was this a surprise to people? >> it certainly is an announcement, the white house just revealed, they say it was through the guidance of the centers for disease control and prevention, the standard line from the white house, they listen to the medical experts listen to science and say they have absolutely nothing to do with the cdc when they make a decision on something like this. may 4 next tuesday, this will certainly be in the forefront of travel here in the upcoming days. the president walking away, i was hoping we get a few questions, but that's not the case but in any event, the president is the. liz: well, if anybody is going to get it, it is healed. thank you so much. [laughter] the most wonderful time of the year for the buffet faithful is getting underway tomorrow, annual shareholder meeting, it's not going to look like that this
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year, it's going to be virtual but it opens a window into his investment mind as millions around the world hang on his every word. the head of it, we've got the ceo of omaha's nike slayer runnings, wait until you hear the plan to keep blowing past the competition in this david and goliath story. closing bell ringing in about 49 minutes, the dow is down about 200 points but let's keep perspective here. looks like a green month overall. stay tuned, we are coming right back. don't go away. ♪♪
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not again! aah, come on rice. do your thing. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ tomorrow is the big moment, the half-light annual shareholder meeting is and with pearls of wisdom from warren buffett and vice chair charlie, for the second year in a row it will be virtual but i will be live tweeting starting 1:30 p.m. eastern. why would you need to he was going on? yesterday a shares paid a record high of 417,000 $900 a share, that is because the stock has never split, the nasdaq pulling
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back slightly but annual gain of 48%. now as we look at during the meeting, but expects to unveil how his more than 70 companies are faring. industrials to energy to insurance to apparel while it's hard to pick out individual stocks and those companies, this year one is shining incredibly bright. looks running on track to reach $1 billion in revenue, my hands are running here. warren buffett nike slayer, 16 years ago, an athletic shoe company for diehard shoe runners, it's the halfway footwear ground giving nike a run for its money. what i mean? nike sales of women's running shoes dipped 35% since the first quarter of 2019 while sales of books for women spiked 88%.
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joining us now and business interview, ceo jim weber. you're one of mr. buffett favorites, i know this because he constantly brings you up. he loves the money your company brings and. if you could show the single biggest driver of this growth in the women's shoe market, what would that be? >> thank you for having me. it's customer focus, i think that's what we wake up every day thinking, we commit to solving for runners what do years ago, exclusively, all we do every day, we were so fortunate coming to the pandemic making the cut, we've been growing all through last year, of 27 last year but this year we are seeing more people run than ever before, we think we are on the beginning of a new money boom and we are perfectly positioned for and working to earn their trust every day and be on their feet.
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liz: how much does the pandemic have to do with the fact that we've seen more than 1 million previous non- runners taken up? >> i think last year it was the difference, without question. more broadly athletic apparel and footwear, it was a tough year last year. the sport was shut down olympics on through high school and now the sport is opening up but we saw in may as people begin to invest in themselves and head out into the neighborhood and get a few miles in including walking, this outdoor phenomenon started but we think now as racist return, people are going to continue to put 1 foot in front of the other getting outdoors and that is good for us, we are perfectly positioned for this new runner in the marketplace. liz: and they are reaching for brooks over nike, back to me when it comes to the women's running market is huge.
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your on track to reach a billion in revenue this calendar year you said it was tough business because storefronts were closed sports were pretty much stopped when it comes to group sports but i have to ask you about materials cost, we've seen inflation the material level. i need to hear from you, are you paying for everything from the chemicals that call into the phone that goes into the souls of your shoes or what have you? are you seeing a meaningful jump there? >> for sure we are seeing it in the supply chain. everyone talking about logistics, it smacked out from statistics. costs are up to move goods around, the material side, we are beginning to see that in most of our materials are oil-based and robbers and phones and textiles and the like but we are fixing our pricing for seasons six months at a time so we won't see that come through in our products until one to 22 but we are watching it carefully.
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there's no question the economy is in an up cycle as we speak and materials are being affected by that. there's vice is going up, for sure. liz: i would imagine. we hear it from everybody in the trenches. i have to ask you about the actual meeting, a virtual one once again, work with me on this because burman is going to use its shareholder vote to vote this time at the meeting against management and here's why. they believe they should vote against management because it's rejecting a shareholder call to at least have a company, so broad and diverse, how much annually is climate efforts in its diversity? and bring it back to brooks because on your website, you make no secret of it, this is really important to you, you use recycled bottles for the materials in your shoes and you
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have really made a difference when it comes to at least be better for the planet, how do you swear that? have you talked to warren buffett about that? >> first of all, we are all working for a shareholder so for me, we are stewards of a brand and our customers care so it was easy for us to set goals that set us on the journey to be carbon neutral and inclusive as a running brand to invite everyone in. from di to sustainability is, we have very distinct goals and we are working hard to meet them year by year so i think that's brand accountability and responsibility and we take it seriously but i think the world, there's seven and a half billion of us, who want to keep the planet healthy and from our perspective we want to include everyone in the run so i think these issues are real and i
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think every organization is going to deal with it but part of it reflects the fact that in this culture that burger has, they expect us to do the right things related to sustainability and inclusion and we are doing that every day best we can. liz: okay but we'll see, it is right there on your website. i printed out this page and you talk about how 22 million plastic bottles will diverted from landfills because you switched to recycled polyester, why not just have them put that out there, maybe you can put a bug in his ear. great to see you. thank you for joining us. >> thanks for having me. take care. liz: apollo global management, this is a company that helps host and save the 20 but now they might be setting it sights on a whole new acquisition target, charlie breaks it on who that is, next let's look at
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foxbusiness alert, the nation reopens post covid, twitter no longer has a captive audience and thus letting air out of the stock. look at the shares, the giant is about to back up its worst percentage loss in six months dropping 13.8% at this hour. user growth numbers which missed estimates along with a disappointing second-quarter forecast user growth could low, people emerge post pandemic hitting the stock here, analysts
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called out twitter's lack of participation in recent digital advertising market rebound. a new warning on supply chain issues, courtesy of the global chip shortage, not enough stop meal. look at shares jumping 2.6%, the chinese maker flowing out of the gates this morning for hitting the battery pedal in early trading after the company posted solid production numbers and narrow than expected loss in the first quarter. positivity charging up chinese rival automotive new china player tesla. tesla jumping four and a quarter%. here in the u.s., gm full throttle on its electric ambitions joining forces with charging stations to make it easier for its car owners to find charging nations through its mobile apps. a third of a percent right now, earlier it was up as much as two and a half% at session highs but seeing speed bumps pulling back by 3.6%. a quick look at the climate change crisis real impact stack which is buying charging station competitors ezekiel, shares right now down to a third%.
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look at roku, roku streaming site here in the final hour, digital device maker confirming it removing youtube tv from its channel store to concerns that the google back streamer was engaging in anticompetitive behavior. existing youtube tv subscribers can still access the app on roku, blackout only affects new customers but roku right now is losing shareholder customers down three and a half% we got this foxbusiness alert, verizon and apollo global stock on the move now after charlie gasparino tweeted this, scoop. bankers close to fail verizon the assets, another potential that could join apollo global which handles over the place.
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word on the street, prices around four and a half billion dollars, joining us now, charlie, this is major and i'm wondering, obviously verizon assets that they want to shed include yahoo, yahoo sports and etc. >> there are some, techcrunch, there is a bunch in the. we should get it, i advanced the story literally a second, stop it a little bit right now. liz: session highs. that's verizon, i'm sorry. >> and it should. they're going to buy it so that is a positive here's what we hear now, this is getting pretty close, from what i understand, this is as of now as opposed to earlier today when i tweeted that out, they settled on price, they've got the price down so this is now in this by understanding a technical stage,
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you got to make sure exactly what it's fine, that doesn't mean it's going to happen, it doesn't mean it's not going to come, i hear there's another bidder snooping around this is from people close to the deal, i can't say who they are or where but they have no reason to jack up the price, they are close to apollo who don't want to be in a bidding war so from what i understand, it is coming down to doubt the eyes and cross the tease, they do have some sort of price being paid. i also heard is that apollo look at the initial price and i heard again, i've not been able to confirm this, the word on the street is something like florida have billion, we will see what comes out on this here is the interesting thing is, a lot of people look at media, major
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edit, a lot of music deals don't get done by major ones but one thing that's interesting is they zigged while others say and they see value particularly in the finance asset, they have done well apparently, at least according to my sources, monetizing their digital footprint and i use yahoo finance, one of the most user-friendly sites to look up stock information but they have a host of other properties, i'm not saying these properties like techcrunch, there are some smart people, i followed their stuff all the time but i think apollo is less interested in these other assets than they are with yahoo finance so that's why they didn't want to overpay but from what i understand, the price at least as of now, earlier today,
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barring something else, we are talking off the eyes and cross the tease, it will be interesting if this does happen because apollo has money, they make a ton of money. they've been in the news lately with epstein and that said, the people running it are smart investors josh harris and a few others are really good, the new ceo, his name went out of my mind. somebody could throw that out there who's been a ceo taking over, these are smart investors, they don't overpay, they're not going to pay over this but with them behind it, they can make a run become a major player in financial news combining the web and tv, again. liz: we are talking about mark really. >> yes.
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that slipped my mind. one of my sources just e-mailed me his name. [laughter] liz: i got your back. [laughter] my sources had my back. i hear it coming down the pike, not done but it's happening. liz: get at a discount. oh my gosh, i can't believe verizon spent that much. charlie, thank you very much. for private equity to goals, bit coin, real estate, venture capitol. coming up, the ceo of that efficient is here with the ultimate alternative investment you probably never thought of my wife he says there's no place like home or at least his hometown at least. millions of american investors are adding to their portfolio. closing bell ringing in 25 minutes, the dow of earlier
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them back them for speedy cash. welcome to the show. alternative assets obviously growing in popularity gaining but what so popular is how in many cases, the money in alternative investments is very tough to quickly convert to cash if you need to and if we've learned anything from the pandemic, people sometimes need quick cash. tell me what you're doing and why this is opportunity and option will should be looking at. >> thank you for having me on the countdown. the liquidity issue for alternative assets is a critical issue for high net worth in the visuals and smaller institutions. the need for liquidity in the $8.8 trillion in industry is growing as you said so providing that liquidity takes specialized trust companies that are regulated like trust bank, that's what that efficient is.
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the financial technology company developing an online experience for alternative investors to gain liquidity out of the alternative asset by working directly that efficient online, we provided from our eight. acting as principles as opposed to intermediary broker for investment fund. liz: i want to tell you something you may not know, our show, the claman countdown has the highest, when you're looking at affluent viewers and cable tv, we are clocked in as the highest so you are talking to an aspirational and growing wealthy audience here but when you say high net worth, what are you talking about? what are the parameters here? >> individuals right now, 1 million in the u.s., $5 million but alternative assets are
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starting to be structured in the fashion the growth of the investors can invest as well, that's another eight, 9 million households or 10 million overall. when you make an alternative, you're committing to long-term investment, longer term than what you hold in your portfolio, seven to 12 years long. many individuals have needs within the fifth or sixth years to gain liquidity out of those assets. they want to reassess their estate plan, that's what we are seeing right now with federal tax legislation proposed, many individuals are repositioning their investment portfolios and what to pull liquidity out of the alternative asset and brief deploy that in a more efficient manner. liz: so you advance them the cash and that way they can exchange their assets for the cash immediately and how can you adjust for the asset would have
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accrued? >> the transactions complete are what we call nonrecourse back to the investors, the options they have to choose from allow transactions there during is not going to adjust on them and they assume that risk. liz: exchange of ownership, if they borrowed $1 million from ben efficient, what value of this investment what they have to have? >> it depends on the dollar value. based on the age and quality, the sector they were invested in the individual investors represent 20% of the $5.6 trillion held in u.s. investors, $8.8 trillion number is a global number. kansas recognized this, recognized as $140 billion a year of demand for liquidity out
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of these alternative assets. 100 billion is from very large institutions, 40 billion is unaddressed demand, individuals cannot yet liquidity out of their assets because there are not vehicles or places they can go to gain it, that's what kansas recognized passing new legislation making it asset from the jurisdiction to establish trust and trust managing the trust to provide liquidity and manage assets and trusting them within. liz: good for kansas. you've got to open up to new opportunities, beneficient is right there, people should check out the platform and for short, it's called then. thank you so much. see you next time. when we come back, disneyland reopens. ♪♪
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anaheim now the happiest place on earth, growing gives disneyland gates open since the first time the pandemic. california cheering with delight as they entered disneyland. so the opening of the gate, here they go. people are very excited and all readers waiting, yes, they are wearing masks but it's the first time since march 13 of last year when the park shut down due to rise and covid cases but they are accepting visitors. before you start booking travel, california residents only are allowed to enter the park operating at limited capacity. theme parks, some of the last businesses allowed to reopen after a large surgeon cases four months ago but fast-forward to
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today, folks, california right now has one of the lowest covered positivity rates in the entire nation at less than 1% walt disney shares jumped about 71% year over year. you can see big recovery for the stock. larry kudlow, larry, this is interesting, disney undergoing major transformation during the pandemic from box office theme park giants to a streaming powerhouse because everybody was locked down this disney pivot back here? what you think? this is a great sign of good management. >> okay, i am just saying, i love happy campers so as gloves come off and masks come off in handcuffs come off, books are happy. you like happy campers, that's the american way. so yes, fine.
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they'll make a fortune on this. they should. thank goodness gavin newsom actually now under the threat of a recall is opening up california so that is very cool. but 1000 through, but 1000 flowers bloom, why not? liz: amen 1000 blue california where they are really cracked a situation and broken the back of the covid cases in a big way but this speaks to all business, does it not? the word pivot is so crucial. the company i think about that has definitely pivoted during the pandemic, chipotle, all of these companies to survive, they really had to start swimming in a different direction. >> maybe the word is pivot, you probably more no more than i do but you come from a period of extreme emergency contraction, even catastrophe and everything shut down and it was a horrible
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hardship experience for everybody, heartbreak, hardship, fatalities awful so these companies did the best they could with government assistance and so forth but is it a pivot now? the going to go back to doing what they used to do and maybe do it well there's some evidence, i hate to say this but with fewer workers, they are getting more output so maybe they are getting more efficient and productive. if the government would keep its nose out and not tax and regulate us to death, why don't we let american free enterprise run? doing great. the house is not on fire, the house is booming. go for it. liz: larry is going to bloom in a few minutes at the top of the hour kudlow, we'll see you then. look at this super site. crypto currency mining and technology leader marilyn digital holding, a more than
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zero-commission trades for online u.s. stocks and etfs. and a commitment to get you the best price on every trade, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. ♪ liz: closing bell three minutes away. yes, markets are slipping on this last trading day of april, but it has been a really great month. the dow, the s&p have been up three straight months in a row. nasdaq up six straight months, so it will be a green month for april. we need to look at amazon. amazon had been up, had hit a record earlier today. of course, they came out with numbers -- no, they did not announce a stock split, but they've just turned slightly negative in these final few
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moments of trade even as 20 analysts have upped their price target, some going as high as $a 5,000 a share. bitcoin currently moving higher after dropping earlier on a reuters scoop that beijing is going to begin investigating data centers involved in crypto mining. one stock that took a hit was marathon digital holdings. it fell about 99 %, but it's -- 9%, but it is the top pick for our countdown closer. todd "bubba" horowitz. great to see you, todd. up 750% year-over-year with, would you say buy it here? >> liz, great to see you. yeah, you know, listen, i think that the digital currency space is going to be the really much bigger than it is. we've already seen it grow from 800 billion to over 2 trillion right now. and i think the c america e
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announcing -- cme announcing the micro mini bitcoin future on monday that's coming out, it's going to be big for these stocks that are involved within the blockchain and in the crypto space. and i think there's plenty of room for marathon to go much high higher. it's come down, kind of trades with bitcoin. and if you want to be a participant in bitcoin but are still afraid of the digital currency or cryptocurrency, that would be a spot to go ahead and play that market. liz: yeah. and you also like coinbase. it's up 1% but more importantly, you know, the range has been from about $282-428. we at the moment are at 298. >> you know, liz, i think coin was overpriced when they brought it out. there was so much excitement with the bull markets and with everything going on. coinbase, to me, is going to be very similar to facebook where
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it opened too high, went all the way down and look at it now. i think coin is going to struggle here a little bit, but i think on a pullback we could see much higher prices. again, the cryptocurrency space is going to be huge. liz: got it. todd horowitz, always great to have you. we're closing out the month of april, folks, i'll see you monday. it's time for "kudlow." ♪ ♪ larry: hello, everyone, welcome back to "kudlow. with" i'm larry kudlow, great to be with you. now, here's a question a lot of people are asking these days. if the economy is booming, why do we need all these new government spending plans? in president biden's first hundred days, the democrats got got a 51-vote reconciliation victory for $1.9 trillion. some of that did, in fact, show up in the march consumer spending numbers, that's right. but now they want $2 the.3 trillion -- 2.3 trillion so-called jobs plan and a $1.8 trillion family plan, so another $4 tri
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