we got a december appointing report -- disappointing report. two of my favorites. there is a big pool in this market. hedge funds have been selling a record amount of stocks. individual investors keep buying. so far the individual has been right. so i think, eddie and dan, as i hand it off to my colleague, liz claman. liz: and that is exactly who you speak to every day, charles. us too. the individual and the big ceos. but you know what? wall street encompasses all of them these days. wall street is celebrating cinco de mayo with an old-fashioned rally that has the dow the jones industrials headed for its 22nd record close of the year. it needs just 67 points to get there. we're up 164. i any gain means a third straight record for the dow transports as well, so that one up 110 points. we're in the color for a record there unless something not good happens in the next 59 minutes. of. [laughter] we're not looking for that, but

president biden also in the spirit visiting a mexican restaurant today to promote the positive effects of his american rescue plan. but his $2 trillion infrastructure plan is still on the bench. it's not just the roads and bridges. that's old school infrastructure. america's power grid needs a massive overhaul, and the ceo of one of the biggest energy companies in the nation is here to tell us what team binden needs to do -- team biden needs to do first and why americans should promote and support this infrastructure plan. ralph izzo is here. plus, he didn't find at pot of gold, but the barrett gold ceo found it in his copper mine. mark bristow is here with the prices of precious metals that are headed maybe somewhere over the rainbow, but industrial metals, those are the interesting ones to watch. and forget the chip shortage. what about a worker shortage? one small business cannot find

help, and it's actually costing him millions in new business. the mrs machining owner tells us how he plans to solve the problem as we explore the business of small business. and wait til you see peloton's stock. it is having just a horrible day. but breaking news, president biden speaking at the white house just moments ago about checks in pockets and shots in arms. the president touting the success of his american rescue plan that has sent out 163 million in rescue payments and help add mored 220 -- administer 220 million coronavirus vaccines. he was then looking forward and hammering his home on the need for infrastructure now. okay. what he, in essence, said was that the infrastructure plan is now something that he's going to put all of his earth into it.

it's $-- effort into it. it's $2 trillion. still a work in progress. while billions are slated for roads, tunnels and bridges, it is perhaps the $100 billion more updating the nation's electric grid that might just be needed the most x. if anything proved that, it was the texas ice storm this past february where where 67 people died as electricity across 25 counties suffered massive outages. here in a fox business exclusive, pseng chairman ralph izzo, pse and g services more than 3 million customers in new jersey and long islandful ralph, we got a frightening look at how dire the situation is for texas, but how serious is the nation's ancient patchwork of individual electric grids, and how important is that piece of an infrastructure bill? >> thanks for having me, liz. it's critically important. not only from the point of view of reliability, but as the president wants to achieve some

of his carbon goals, the need to continue to invest in the transmission system can't be overstated. we have, as you know, many different utilities throughout the nation. we are all coordinated in our efforts. texas is a slightly unique situation, but without a doubt we have 100-year-old as a sets that are -- assets that are still in need of replacement in our territory, and we've been one of the biggest investors in transmission over the past decade. so this is an area of ongoing needed investment. liz: yeah. you know, you talk about investment. as we hear from the administration, some two dozen large scale inter-regional projects around the country have been halted for lack of financing. if you were to get a piece of that $100 billion if the infrastructure plan is passed and there's no guarantee it will be, what would you immediately use it for regarding the grid? >> in our case we have the sub-transmission system that's

offering at lesser construction standards. so we would upgrade that. i don't want to get too technical. we would take our systems and make them 69-kilavolt. we've done a a lot -- [inaudible] between us and new york state. so there's really no shortage of progress that would need to be done. and this isn't rocket science. this is transmission towers that are a hundred years old and have decay and have some metal fatigue that needs to be corrected. liz: i'm sitting there hearing 100 years to old, and i'm -- my mind is exploding here. let's show some of the transmission towers on the map that we have for your business. and i'm glad that you brought up this interconnection of utilities in pennsylvania, delaware, much of new york state. you know, that was the problem with texas. severe weather overwhelmed the electrical grids and other infrastructure, and other states

had a healthcare of a time trying to immediately -- heck of a time trying to immediately divert some of their energy they weren't using and get it to that state. what is the biggest point that your want our audience to know? >> the importance of interstate cooperation and, therefore, the need for the federal government to create incentives for utilities to invest in transmission. basically, the federal government sets our return on equity, and by making sure that that is robust enough on a risk-adjusted basis for us to deploy capital into the transmission grid, that will help with reliability and move renewables to where the load could make use of it. liz: ralph are, you just said something a little bit earlier with you said if the biden administration wants to achieve its carbon-neutral goals that it has, it needs to invest in this high vomittage a transmission and -- voltage transmissionment

you are actually the first company to invest in new jersey's wind farms. you're also big on greenment i assume you would not do this if it did not make business sense. can you give us sort of a map on the financial positivity that you get from investing in green? >> sure. so right now the competitive power markets are are inefficient from the point of view that there's no penalty for emitting carbon even though we know there is a cost associated we mitting carbon. so so that means both the federal government and state governments have created incentives. call them subsidies, if you wish. but they try to offset the lack of the current market's inability to reward carbon-free generators. investment tax credit, production tax credits and varieties other mechanisms -- various other mechanisms that try to level that playing field so that the carbon emitters don't continue to have the advantage over the carbon-free sources that they shouldn't

have. [inaudible conversations] liz les we're going to be watching this and, obviously, yeah, i mean, clearly the grid is a life and death situation as we awe in texas. and we're the ones who have all the ice storms and the snowstorms too, so keep working on it. thank you very much. ralph izzo e of pse and g. >> thank you, liz. liz: donald trump still on the outside looking in after facebook's oversight board issued its ruling. the social media giant can uphold the company's ban on the former president. the 20-member independent board comprised of law professors, journalists and human rights advocates was formed by facebook to act as sort of a supreme court which would rule on facebook's content decisions. facebook shares down about two-thirds of a percent. you can see earlier in the session they were kind of toggling between high and above the flat line and then below it, but there's a lot more to this ruling. the board has started the clock on the trump ban. and they started that clock not

on president trump, but on facebook. to hillary vaughn with up to the minute details in d.c. >> reporter: hi, liz. facebook put this board together to help them with tricky situations exactly like this. but this ruling today really put the buck back in facebook's court, putting them in the hot seat saying they have six months to decide whether or not they will make the ban against former president trump permanent, and then they need to explain why they are doidge that or are not doing that. but in this ruling today, they also criticized facebook for how they handled the ban in the first place saying that it's not okay for facebook to keep a user off the platform for an undefined period of time with no guidance on when or if they'll be allowed to come back on the site. >> anyone who is concerned about facebook's excessive concentration of power should welcome the oversight board clearly telling facebook that

they cannot invent new unwritten rules when it suits them. >> reporter: trump's account will remain suspended until they decide what to do, but democrats on capitol hill are already applauding the ruling and using it to pressure the platform to ban trump forever. >> as far as the decision of the facebook goes, i applaud that decision. facebook is not the public square. we need to remember this. >> reporter: but republicans in congress say facebook acting like a democratic superpac than a platform for free speech. senator cruz tweeting: for every liberal -- the former president, what's to stop them from silencing you. and, liz, it's important to note that whatever facebook decides in november, former president trump can appeal that, and then that appeal goes back to review by the board. so we could expect a lot more back and forth on this.

liz? liz: in the end, though, you've got to look at the fact it's a publicly-traded by private company. it's not held by the government. it actually has the right to do what it want, but its scale and size brings it up to major question. hillary, thank you very much. hillary vaughn. peloton's stock back pedaling in this fume hour as its ceo apologizes for selling a dangerous treadmill that's been blamed for the death of at least one child. the major decision the home workout giant has made in the aftermath of the controversy and videos such as this one of a little child getting sucked under that tread mill. closing bell ringing in 49 minutes. "the claman countdown" is coming right back. ♪ ♪

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♪ liz: peloton spinning lower this hour, down 14.25%, standing at $82.91 after the at-home workout giant agreed to recall all it tread and tread plus treadmills.

the recalls come after videos up as this one capture children getting caught and dragged under the machines. you look to the right, the bottom right here of this video -- maybe we can take it full so people can see, but there were 72 reports of adults, children, pets and objects being pulled under the treadmill which is what you see right there as the kid tries not to get pulled. but, of course, can't quite seem to scwurm out until the last second. anyway, one child actually died. the consumer product safety commission initially issued a warning last month, but peloton refused to recall the products. the company now today admitting it was wrong to fight the request to do so. about 125,000 treadmills are included in the recall, can and peloton i says it will give refunds if people so desire. peloton's biggest publicly-traded competitor nautilus which has the bow flex brand under it umbrella moving

lower by 1.33%. on wall street markets have been all over the place after yesterday's wild ride. the dow had tumbled earlier today by about 100 points, it's not only back up, it is on pace for a record close with gains of 122 points. the s&p is up after selling off yesterday. same with the nasdaq. the nasdaq actually just turned negative after being positive for much of the session, but now both the bulls and the bears are looking ahead to friday's april jobs report. this morning its precursor, the adp, showed 742,000 private sector jobs were added during the month with a slight miss. on friday economists are expecting to see nonfarm payrolls come in at 978,000 for the month of april, expect unemployment rate is expected to drop to 5.8%. to our floor show traders, teddy and phil. teddy, markets turned around after yesterday's selloff. did investors miss that one buying with opportunity

yesterday? these are, like, flash selloffs. >> well, yeah, i think you have to be pretty nimble, liz, to take advantage. and, of course, they always look like the thing tad with the benefit of 20/20 hindsight. i don't want consider yesterday's selloff a major buying opportunity. i think we've had a lot of major buying opportunities over the last six or seven months. yesterday was all about janet yellen and her comments about interest rates going higher. clearly, we mow the market is very sensitive to that dynamic, and if and when it happens, it's certainly going to be a negative. but for the moment, the economy is doing just fine. you know, we're coming out of the pandemic cocoon, vaccines are widely available and being distributed. earnings season has been terrific. i think if there's any risk here, and we've seen it with some of the high profile companies that have reported good earnings where the stocks have sold off and not rallied on those earnings, that a lot of stocks are, quite frankly, priced to perfection.

so there's little room for any little glitch. butten on balance, yes, i guess with the benefit of hindsight you could say yesterday's selloff was a buying opportunity, but the big picture is the market continues to act great and the lines of least resistance at least from our vantage point are higher. liz: well, yeah. as long as the fed's in and there, of course, phil, as you saw, janet yellen kind of hinted, oh, if things get too hot -- they're the getting too hot. we are already seeing inflation. don't listen to the fed on that. but if we look at the 10-year yield, it's at 1.57%, so, phil, why does that matter to our viewers? >> el, i think the it matters because they're seeing the rellization that -- realization that despite the fact that the fed keeps telling the us inflation is transitory, go to the gas station. they're seeingen inflation at the supermarket, they're seeing inflation with the rent, housing

prices going through the roof. and there's a real concern that if yields go up9 and the government continues to borrow money like it's going out of style, it it's going to get a lt harder to pay that back. i think janet yellen's probably thanking the adp today. thank you for missing on that number a little bit. of. [laughter] takes a little bit of pressure off her after scaring the market a little bit, gives everybody a little bit of pause that the fed isn't going to raise rates tomorrow. that make tomorrow's jobs number all the more big because if it comes in hotter than expected, it's going to put more pressure on the fed and the interest rate increase possibility. liz: friday's job numbers. not tomorrow the, friday -- >> friday. can't wait, i'm so excited. thank you. liz: again, we're nerds. we're nerds. i'm still thinking about yesterday's prices paid component which was way higher on the ism number. that just shows inflation's here. anyway, great to see you both. we had a fantastic debut on wall

street for jessica alba's honest company. but i always tell you guys, it is not how a stock opens but how it closes that matters. we're going to show you how the star's consumer goods company is trading as we race towards the closing bell. and as we wait on, yes, that friday april jobs report, one company boss turning away millions in business because he can't find anybody to help him work. hear the story of mrs machining when we come back. closing bell ringing in 39 minutes. dow up 103. we're coming right back. ♪ (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love.

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liz: keeping it honest. in our pop tocks, the company co-founded by jessica alba popping in its debut. look at shares of the honest company. they make clean baby, beauty and nontoxic household goods jumping

36% after soaring more than 42% at the open. the ipo raising more than $100 million valuing the company at $1.4 billion. let's keep in mind the lock-up expiration is 180 days from now. we'll keep an eye on the calendar. that means the time when the people on the inside can start selling their shares. general motives revving up -- motors revving up at this hour after beating expectations for the first quarter and reaffirming its full-year profit guidance. however, revenue did take a hit as, yes, the semiconductor shortage still wreaking havoc on the sector. ceo mary barra rah said while they sold fewer vehicles, the ones they did were higher margin pickups and suvs. in south america and europe fueled a 14% rise in sales even as the jeep maker slashed

production by 11% in the first quarter and expects the sail in the second -- the same in the second quarter. and see this price of berkshire hathaway's class a shares? $425,918. it's not so much the price, it's how many digits you' right there. if berkshire hathaway goes just a bit higher, it's going to run into the market's version of y2k. according to "the wall street journal," because berkshire's billionaire ceo warren buffett refuses to split the tock, the class share price has so many -- class a share price has so many digits in it that the nasdaq temporarily suspended broadcasting prices for berkshire hathaway because the biggest number its computers can handle is $429,496.

is so we're at 425,940. the exchange is trying to get a fix later this month. we'll see if the shares stay below that. but at the moment, they are trading at a record high. the manufacturing industry, buffetts has a lot of manufacturing stocks, right? the whole try is seeing gangbuster growth right now as it leaps into. pandemic recovery head first. demand is booming as new orders flow in. in a case of this is a good problem to have, companies are having just a terrible time finding factory workers to fill all these orders and stack up their assembly lines again. in just the last two weeks, perfect example, company calls m pressures s machining -- mrs machining has had to turn town $1 million in new business because it doesn't have the work force. wait until you see what the company is offering to incentivize folks to come work for them. matt doocy is the owner. first, you had to turn down a

million bucks in business? >> yeah. well, thanks, liz. i'm delighted to be here. yeah, i had to turn down a million dollars because i just didn't have the people and, frankly, the capacity. i mean, i went home that night, and i didn't sleep very well. [laughter] but, you know -- liz: yeah. i can imagine. go ahead. >> but, you know, i'm always, i'm a service-oriented company, so i actually tried to help the customer source that work s and she did have some success. but the biggest problem we ran into was trying to find the material. we had kind of a double whammy. we couldn't find the capacity, let alone the material. so they're still struggling, but they really appreciated me helping 'em. liz: well, this is what i'm talking about. you are a small business guy. you're missing out on money because you can't get workers. how about what you're doing to incentivize people to either come back onto your assembly line or tell us what you're doing to get new worker.

>> well, i started doing this back around because i seen it coming. i poured into the high schools, and i started recruiting young talent. and i'm very fortunate, my average age of our shop right now is, or like, 34. and our average age of machinist is 55. but what i did is, you know, i decided, you know, these guys -- this is like family to everybody here, and it's part of their company as it is mine. so i decided to give 40% of the profit back to all my employees. when you have some gangbuster years -- yeah, it's been over a million dollars. yeah, it makes the employees happy. liz: well, happy employee may very well work harder. so 48% of profits go back to employees, you're giving an extra $200 bonus, all workers get their birthday off. what do you think is at the heart of the problem? is it that people are worried

still about to covid, or are they just kind of sitting back and saying give me the government which cans? we know more -- checks? we know more stimulus is coming? >> yeah, the government check isn't helping at all. i had a guy that interviewed that's going to let his unemployment benefits run out and then he's going to look for a job. and here i am turning down millions of or dollars of work. that's heartbreaking and a struggle, but, you know, it is what it is. you know, i was a little disappointed in that, crowb? what we really need to do is get more teachers in the schools because like every high school there's three english teachers, two math teachers and no tech ed teachers. we should get more tech ed teachers in the school, and we'd bring in -- we have a program called cardinal if manufacturing that's a student-run business. it's almost like my competitor, but if i'm worried whether a

bunch of high school kids with 100% turnover that work two hours a day, i've got over problemsful. we bring government officials in there, and they all say yeah, yeah, yeah, but they never do nothing. if we could implement that in every school in the united states, a lot of these issues we're talking about right now will go away. liz: i would imagine. i would imagine. you're in there in wisconsin. hang in there, matt, we love small business stories like yours. you're the backbone of the u.s. economy. mrs machining. guys, he's offering a lot of incentives here. come on back to work, you know? there's an opportunity here in america. you've got to work for it. thanks, matt. >> thank you. liz: all that glitters is not gold. sometimes, believe it or not, it's copper. after reporting massive profits on the rising price of lowly copper, the ceo of barrett gold is here on where he sees all metals, precious or otherwise, going in a post-pandemic economy as guys like matt are demanding

more metal for their businesses. closing bell ringing in 28 minutes. dow is up 98. nasdaq's down 55. we're coming right back. ♪ ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. ♪♪ the thing about freedom is... freedom has no limits. there's no such thing as too many adventures...

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♪ snuckliz: breaking news, we neeo to pull up vaccine company shares. you can see they are dropping rather dramatically. know advantages down 6%, moderna down 5.5%. why the sudden drop? minutes ago during president biden's q and a with reporters at the white house, he confirmed that the u.s. supports the covid-19 vaccine intellectual property waivers worldwide. what does that mean in that means that perhaps the u.s. and other countries who have blocked negotiations of the world trade organization about a proposal led by developing countries that

would waive rights so they could produce covid-19 vaccines, the recipes that all these other companies have worked hard to come up with, that they would have to be open to that. some people are calling it vaccine diplomacy, what's good for our country is good for the world. we need to top this thing, share it, but right now that does not help the shares of the vaccine makers. let's look at a barrett gold. barrett gold is the company known for mining gold, right? but it gave a gangbusters earnings report. it's up about 1% at the moment not because of gold, but because of copper. the metals miner reported a 78% jump in profit this quarter, but it was copper revenues that jumped 31% from fourth quarter 2020. and so what do we see here? the run on cop or. take a look at -- copper. take a look at the jump over the past three years. here we are at a three-year high for this industrial metal.

ceo and president mark bristow. we had watched copper over certainly the past couple months especially as the world emerges once again from the pandemic. talk to me about your copper mining business and when you really started to see demand. >> liz, good morning and good evening. the -- i've always been clear that if you really believe in our fight against climate change and/or pro-climate change, copper is probably the most strategic metal as gold as the most precious. and both of them come together geologically. they are intertwine thed geologically. and so i've been speaking about copper for a long time now, and barrick is one of the few gold minors that actually produce -- miners that actually produce copper in copper mines rather

than as a by-product from the gold mining. liz: mark, i've been seeing articles that the world is going to run out of copper? do you foresee peak copper? >> no, i don't think there's, you know, much risk on peak copper. but definitely it's going to be squeezed. you know, the ply side of the equation -- supply side of the equation is already urn pressure, and that's what's driving the copper price right now. because the aboveground stocks are being depleted. and it takes a long time to build big copper mines. and if, i'm sure, liz, you've heard about, you know, the fact that if you try and create, you know, if you just transform all the cars in the united kingdom to evs, you don't have enough copper right now. so if you try and do it on a

global basis, this is a big shortage of copper. liz: are you cheering on electric vehicles now? [laughter] i didn't realize there was such an important connection. obviously, we know the lithium connection for the batteries, but copper, obviously, in huge demand here for the making of electric vehicle. we just saw ford jump its everything v sales last month -- ev sales last month by 268%. it does kind of feel like we're at an inflection point. i just bought an electric vehicle. i just bought a tesla -- well, i'm leasing. i just don't want to take the time to go to a gas station the, but this is an interesting point that you're making. so you must be positioned really well for that. >> so, you know with, i think we're, you know, for us it's about a mining business and copperrer is a key come pone -- copper is a key component. and i've always said if gold miners want to be relevant, navy

got to keep growing. and the assets under management in the big funds, the international funds who invest in companies like us get bigger and bigger piles of money to allocate. and so you need to grow. and if you want to keep growing as a gold miner, you're going to have to expand into what we call the -- systems x they are always associated both with gold and with copper, of course. and i think the other thing just to add to that is that in many cases, you know, to get the power from renewable power sources to the industrial centers across the developed world, again, that requires copper. so, sure, there are requirements of other metals, but copper is the primary metal ebb when it comes to transporting power, particularly electricity. and also, you know, core

components in evs. and in mining, remember, we're also going that way. just like you bought your tesla, and i think the exciting thing about seeing the big manufacturers starting to take ev, you know, development seriously is you're going to have a lot more manufacturing capacity. and we'll see that happen a little faster, perhaps. liz: what -- before we go, i just would love your quick thoughts on this steel cage death match between the gold bugs and the crypto cheering-on team. they say that cryptocurrent i is the new gold, everybody's rushing into that. we have dogecoin hitting all-time highs, bitcoin pulling back, ether hitting all-time highs. what to you say to people who say i've got to choose one with or the other, i'm picking crypto. >> pick gold. [laughter] you know, i think the key is when you look at thesis was abot

it was really rare, used lots of power to generate these so-called crypto coins. and so it was a very rare asset. but now, as you have just pointed out, there are many, many more cryptocurrencies arriving every day. and i think it's a, it's really measuring the confusion and the desperate situation we're seeing in the markets today. as you saw jpmorgan and citi the other day said they've got to stop taking in more funds because there's a lot of money out there that's being printed. and the question is how do you keep value. so everyone's looking for different ways to protect their wealth. and, you know, but there's time immemorial has proven that you

want a good asset to be able to protect your wealth, buy gold. buy fixed assets. and at the end of the day, you know, the measurement is there for paper currencies. liz: okay. mark, i would expect you'd say that. mark bristow of barrick gold. i hope if i come visit you in toronto, you'll give me a free sample. charlie breaks it next on the latest in the archegos affair. we're coming right back. ♪ ♪

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♪♪ liz: ark h, that archegos capital meltdown appears the now be leading to a liquidation or some type of restructuring. reports are that the bill wang-led family office is scrambling to fix itself as

prime brokers circle like sharks for their money. let's get to charlie gasparino. and, of course, we've reported how many banks have really gotten dinged by having lent to archegos. >> right. it feels like a bank a day, right? [laughter] the latest is ubs. as you know, credit sweet, goldman sachs -- who got out of it unscathed largely -- morgan stanley who lost about a million dollars, and if i'm sure i'm leaving -- a billion dollars. in the future now is what comes of arch women egos, does it survive. the ft wrote a really good story and said they could be luck by dated at some point. -- liquidated at some point. here's what they're telling me, no decision has been made. bull wang wants to make a go of it if he can, wants to try to revive the business if he can. and that's a big if. capital, both capitals there, liz. as you know, archegos lost $15

billion. it's up clear if bill wang, the man at the center -- this was his money. he built from a relatively modest, i guess, fortune of, or you know, less than a billion, obviously, not quite a billion ten years ago into something that before it blew up was worth $15 billion or more. so that's what they're combing through right now, trying to figure out if they could survive. and if you know anything about these traders, they want to come back. this is what they do. they lose money, they want to come back, they want to make more money. it's, you know, today's loss could be tomorrow's gain. at least that's what they're trying right now. the uphill battle is essentially this, liz. some of the banks obviously feel scorned that they were misled by archegos. that's a feeling on some of the banks about its leverage and dealings with others and how much money it was, you know, it could lose. on the other hand, you know, not

even that, arch egos is going to have to even take any sort of legal claims out of it, they're going to need banks as brokers, and that may be difficult going forward for at least the foreseeable future. this thing all could end up in court. obviously, the banks may want some of their money back that they lost. archegos could say, hey, you blew out our positions, we didn't blow out yours. in the meantime, they're trying to figure out exactly if it could come back. and on top of that the, liz, you have a sort of sec inquiry into all this stuff. so a real mess. and, you know, one of the big question marks is bill wang's charitable arm. you know, he gave a lot of money particularly to christian charities. where that's going to now is also up in the air. obviously, he's not giving much money now given what's going on. so that's the latest. you know, the notion of

liquidation in that really good ft report is probably pushing it too far as of now. that doesn't mean it won't happen. i don't know how you survive $15 billion in losses and not liquidate, but i guess crazier things have happened. liz: exactly. it's taken this long for people to even talk about that. charlie, thank you. charlie, or your new york giant just signed the nfl's first crypto sponsorship. gray scale investments now the team's official digital currency asset management partner. but is this a warning flare of an overheated and stretched bubble? today's countdown closer has a new report on bullishness9 and the top three bubbles. closing bell seven minutes away. dow's still up 94. we're at to close at a new record. ♪ ♪ ♪ ♪i've got the brains you've got the looks♪

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♪. liz: it's the first billion dollar crypto deal ever in the space. mike novagrass galaxy holdings buying bitco in a cash stock deal valued at $1.2 billion. but could galaxy digital be over paying for the crypto broker? possibly. according to the latest survey from invest-pedia, that crypto bubble may be ready to burst according to the participants in the survey. we have invest-opebdia editor-in-chief. what bubbles do they see? 61% of your recipient or people who answered say we're in a bubble. >> so good to be with you be liz. we have been listening to readers, 61% say there is a bubble. the biggest bubble they see is in bitcoin, not no stocks, not

no dogecoin or real estate or nfts. they feel like it is in bitcoin. 40% feeling bub likeness. there is big jacuzzi of bubbles. bubbles are out there. there are more bulls out there than kansas city steakhouse. readers have strong sentiment towards stock even at market highs. liz: i know. they see the bubble, they're still diving into the bathtub with it. i'm looking at bitcoin right now. it stands at 54,896. what i find interesting about this some people own it may not be interested, may be a little annoyed, the high was more like 64,000. so maybe the timing was pretty interesting. when did you do this survey? >> we just closed the survey on monday. this is super fresh. they have been watching prices go up to the 64,000, crash down to 52,000. there is that technical analysis called support and resistance with bitcoin. i think we've seen it. while other coins have been surging ethereum, dogecoin for

random reasons. we do see there a range there, our readers active investors they have been buying cryptocurrency for the past three months as well. they're into it even though they feel the bubbliness. >> they see the bubble exactly. bullish sentiment what do you find from your respondents is their strategy for investing? >> they are just keeping it going. they love the stocks that they rode in on. those are the biggest blue-chips out there. look a lot like nasdaq 100. apple, amazon, microsoft, at&t, pfizer, tesla. they're riding the stocks that brought them here and brought them pretty good returns over the last 13 months. they were faithful with stocks. they were promiscuous with meme stocks like gamestop, by and large they're sticking to buying, expecting by and large more gains in 2021 even though we have come 11, 12%. they want more, see more, feel like it is going to happen. liz: caleb silver of investpedia

a website i personally can't live without. [closing bell rings] uber, paypal, fox earnings on deck after the bell. that will do it for "the claman countdown." what an exciting day. we have another one tomorrow. "kudlow" is next. ♪. welcome to "kudlow." i'm larry kudlow. great to be with you. for one brief shining moment there was a clear truth emerged from treasury secretary janet yellen, she was right for couple hours. white house came down on her. she walked it back. i know that kind of thing. i've been on both sides of the trade. allowing the truth to escape into the public ether zone, mis