mind. it will take a village to raise those kids, but i'm happy that she had them all and they're all happy and healthy. ful even though you're not a mom officially, i know you're a mother to dre, so happy aunt's day and and mother's day as well. >> thank you so much, charles, i appreciate it. charles: all right, folks. the market's rallying into this final hour of trading as i hand it over to liz claman. liz: charles, you know what in my grandmother katie, that's my middle name, gave birth to nine children. three doctors! [laughter] charles: oh, my -- no way. oh, man. liz: liz yes. charles: wow. congratlates. that's wonderful, great story. liz: indeed. charles: happy mother's day, liz. liz: oh, tell your wife too. always great to have everybody, all the moms and all the kids, right? that includes all of you guys.

no glancing in the rearview mirror for wall street as we head into the final hour of trade. dow, s&p and the transports are all looking at brand new record closes. traders totally ignore the shocking miss in that april jobs report. treasury secretary janet yellen putting her spin on it moments ago saying that the u.s. is, quote, seeing remarkable economic progress but that there is more work to be done, and the april jobs number shows that. our floor show traders are about to gauge why the stock market appears to be completely fine with the big miss and whether you should be too. the man responsible for handing out millions of paychecks across the nation each week might not be okay with it. the paychex ceo with gives us his feel on the real state of play in the market and whether the labor report might just be flawed and that it's actually better than the it looks. while hiring disappointed, the used car market and the stocks that capitalize on it are blasting through the roof. how fast are those for sale signs being ripped off the

windshields? the ceo of online used, online car company carvana is here. and with app stores in the headlines everywhere, right, we're going to introduce you to the queen of apps, perithat gupta. she is here to tell us how she's gotten more than 100 million millennials hooked on her latest app creation. fox business alert, the biggest miss in history has wall street economists shrinking in embarrassment. that blockbuster unemployment report they were all expecting a million plus jobs added to the economy not only didn't materialize, it looked like one big april fools' joke with only 266,000 jobs added. but that did not seem to worry janet yellen who said she did not think the additional unemployment benefits play a factor in keeping workers out of the labor market. she went on to insure reporters -- assure reporters that the recovery remains on

track. >> recovery will remain on track. it may be bumpy from month to month for a variety of factors. if i had had to write down a number as my best guess, it would have been higher, but i've watched data for a long time, and i know that it is extremely volatile the. there are often surprises and temporary factors, and one should never take one month's data as an underlying trend. liz: okay. so she admitted even she would have picked a higher number here. but while the major averages are hitting my all-time highs, at least most of them, let's take a quick look at the 10-year treasury yield. it dropped to session lows of 1.48% just after the jobs report was released. that is pretty much to be expected because it's a fear trade. perhaps people jump back into treasuries at that moment and the yield moves inversely to the actual price. but you can sees the back up to 1.566% at this hour. this leaves everybody guessing, is the recovery really still on

track, and what consequences will this on the stocks you own in your portfolio as you look ahead? to our our floor show traders, tom and kenny. kenny, we're going to talk to paychex ceo in just a few minutes, this is a big surprise, but i'm wondering if we'll see a revision that says, oh, wait, sorry. we did see a much bigger number here. >> i'd like to think we're going to see a revision, because this number, it's elementary dick louse how off -- almost ridiculous how off this number could be. most analysts were at a million or higher. i mean, i also expected better than a million, so when the number came out this morning, i almost had to go like this, wash my eyes and look at the screen, make sure i saw what i saw because the number was so off. so i will say the one thing janet yellen said today was one month doesn't make a trend. i think you're going to see revisions to this number like we do every month. we saw it last month.

yes, they revised down 200,000 from the mrs. 900 we got -- plus 900, but the month before they revised up 200,000 so net-net, really we're at zero. i don't know what we're going to see next month, but i just think this number is was so off that you almost have to disregard it completely. i will say i do understand why the market took off, because right away they all jumped on the idea that, you know, this recovery isn't anywhere near where they said it is, and the fred's not going anywhere, and low -- fed's not going anywhere, and the government's come out, joe biden's going to push a $7 trillion plan just because now he's going to be able to use this one data point to try to tell his story which i think is completely misguided. liz: right, right. well, tom, you know -- and, kenny, i'll get back to you on this, but, tom, give me your thoughts on which sectors you're still betting on despite this number. which names do you still love here? >> well, liz, i think this had

two consequences. to kenny's point, i think president biden will use it to push through the $4.1 trillion, powell will use it to push off tapering from q4 to q1, but tech has been taken out behind the woodshed and shot in the last two months. i think this sets the stage to finally get a bid in some of those tech stocks that are down. and we got some new positions here that we like for the summer that have just been beaten down. you know i always like to say wall street is the only place when they hold a clearance sale, no one with shows up. [laughter] liz: right. >> i've got two bargain basement stocks. splurge, it's down -- splunk, they're moving from a licensing model to a subscription model. it's been bumpy, but it's getting some traction. cloud revenues were up 83% last quarter, and the second one is baba, 30% off recent highs. it's off because the amp ipo was delayed. we think that's going to get pushed through, that's worth

$300 billion. baba owns a third of that, and their international expanse is very positive. and happy mother's day, liz. liz: oh, thank you so much. you know what? you're right. listen, things are on sale, buy those if you think9 that the businesses are still really, really kick butt. that would bal alibaba, for sure. kenny, what are you picking here? >> listen, i have to just say one thing about alibaba. i hear you, but the concern that i have is the government, the chinese government, right? they could come in at any time and change the rules -- liz: yeah. >> so i think, you know, your story is okay, i for one stay away from baba just because i'm more worried about the chinese government coming in. now, for my picks there are places in technology, certainly, where you can pick up some bargains and go bargain hunting. look, there are a bunch of natures that have gotten absolutely wrecked. roku was down 53%. a nice bounce here today. you have to look at some of

these names that got wrecked unnecessarily. some names deserve to be wrecked, right? others don't, they just get dragged into the fold. so you're right, you have to search. i would stay away from the five big fang names only because i think there's so many other places in tech that you can find opportunity, and i do believe names like roku, crowdstrike, i think those are good names of that have gotten beaten up. i also like the internet of things, other names that connect us to this world that we now live in. my watch is connected, my refridger, my car -- refrigerator, it even orders dinner for me. i like to play that through the etf. liz: i love your gnocchi recipe. [laughter] great to see both of you. >> and happy mother's day to you. liz: can it tell me how to cook? >> yeah, yeah, yeah. i can tell you how to make it. [laughter] liz: good to see both of you.

thanks so much, guys, on this friday. it is a tech and media bull party. a whole bunch of names here, silver screen operator amc as rivals stayeded shut or went bankrupt, the movie theater chain snagged customers and expects business to approve, that stock is jumping 4.6%. i guess competitor cinemark also having a good day and imax up 3.5%. the view is beautiful for gopro investors after the cam a maker with the crazy videos of, yeah, surfers and race car drivers, well, they said their demand for the more high-end cameras really jumped, and they also saw an uptick in subscriptions that helped boost first quarter revenue, up 4.5%, now bearing down on $11 a share. heck, even peloton is trading up today. the fitness equipment maker said third quarter revenue doubled. they had incredible numbers. the stock was up a lot higher

earlier, okay? it's up a third of a percent right now even on this huge beat, peloton did predict that 165 million hit will come to pass for their current quarter revenue from a recall of the popular tread mill the tread pluses following the reports of a child and 70 others injured in tread-related accidents. they announced that on tuesday, so we saw a big selloff in the stock. just a little bit of a recovery today. numerous brokerages lowered their price target fearing the impact on future subs. the stock is still down about 14% on the week. shake shack just can't seem to join the bull party despite reporting a surprise profit. as revenue fell short of estimates, the fast food chain had sales in city low cakes -- locations and sports stadiums weighed on current results. the stock is falling 15% right now. she's known as the queen of apps. meet the founder and ceo of

hooked and how found the royal recipe to turn her digital magic into millions of loyal followers. what's her world like in this business climate now? it's a fox business exclusive. closing bell ringing in 50 minutes. we do have the dow up 212 points, the s&p up 31. nice moves in the majors right now. we're coming right back. ♪♪

new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home.

living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain, and bleeding or bruising. blood clots that can lead to death have occurred.

tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain and rapid breathing or heart rate, or if you are nursing, pregnant, or plan to be. every day matters. and i want more of them. ask your doctor about verzenio.

liz: the apple versus epic games tril closing out its first week. apple's app store vice president matt fisher took the stand denying epic's claims apple wields its power in anticompetitive ways, shaking down small developers for huge commissions. apple shares, and we can take a look at what they've been doing since the trial began monday, are slightly lower. epic has also sued google for kicking its star game fortnite off the google play app store after epic snuck in a payment work-around into its app saying both of these app stores exhibit anticompetitive behavior. epic games was owned by ten

cent, so it's got the money to fight. but most app developers are really small, and they face the realities of the app stores lording over their profits. and as they do that, they're also fighting through this noisy pandemic recovery. perna gupta is known as the queen of apps, founder and ceo of hooked, the chat fiction and entertainment app that has surpassed 150 million monthly active users worldwide. perna, great to see you. i can't believe -- your app is so huge, especially with the millennial crowd. first, tell us how your business fared during the pandemic. what kind of increases did you see in downloads and interactions, and which was your best month over the last year? >> yeah, we've seen huge increases in traffic. i think a lot of kind of entertainment media, tech companies have seen, you know, with more people at home, people on their phones at home, we've seen big spikes. our biggest growth has actually happened, you know, in 2021, but

we saw an uptick standarding with the lockdowns last year, and our biggest month was actually in june. i think we were already seeing a shift in user behavior before the pandemic, but as more and more of our activity becomes virtual and shifts to the mobile phone, we're really starting to see the benefits of that. liz: for our older viewers -- [laughter] who are looking at that and saying it just looks like a bunch of texts, we should explain that hooked is a premium type app you can pay a little extra for more content. but users create and read stories that are swirling around characters who use chat as sort of the content, correct? and let's talk about, you know, how you've grown. you've actually launched hooked tv, right? hooked entertainment is becoming a big deal. how's that acceptance coming along? >> that's right, yeah. so we we started with the tech stories that you mentioned, and it was, it just -- initially

they were short stories, horror storieses or romance stories written as if two people were texting each other and some sort of suspense or drama unfolds through the course of this text conversation. but over time as we saw more engagement and we saw people spending more time reading our stories, the stories started to get longer, we started to do stories where people were meeting in real life, and it wasn't just text anymore. and then we started to invest in these stories, and we created audio stories based on the more successful pieces of ip that came through our platform, and now we've taken the next step and we're actually pollution our top stories into -- producing our top stories into mobile movies and tv shows. and it's really taken off. we're seeing massive viewership on these kind of little, mini mobile movies that are coming out of our platform. liz: yeah, okay. so where quibi couldn't do it, maybe you will. i find that really, really exciting for your business

model. speaking of which, you've launched all of your very successful apps, because you've had a whole bunch. you've launched them all on both apple and google's app store, so you are no stranger to the drama of the story that is going on right now. you've got some of the bigger names like match and tile and epic games saying that -- in different forms, apple's app store and google's app store lord their power. they do take a 30% commission over at apple. you know, i'd love to know from a small business person's perspective how you feel about your experience with apple and, before you start waxing poet you can, you know, the match -- poetic, you know, the match legal person who testified during the trial said everybody's scared to say anything bad about the apple app store. that said, what do you have to say? >> yeah. well, i'll be very straightforward, i've been building apps since the early days of the app store the, it was a music app back in 2009. and so i've seen the evolution

of the app store and, you know, on both apple and google play. and before that there were no apps. there were -- nobody was using smartphones. it was something just business people did. you know, our business wouldn't exist without the app store. and, you know, all of my personal fortune really has been made on the back of what apple and google have built. and it talks resources for them -- it takes resources for them to keep the app store going, and they provide a lot of services on the back end that as app developers we don't even see, but if you try and do it yourself, which i have previously, you know, can you launch an app outside the app store, it's very difficult. there's a lot of value that's being provided. so i don't think that 30% is unfair, to be perfectly frank. at the same time, i understand the perspective that epic games is coming from and some of these other companies especially as, you know, these big tech

companies start to get into every single industry. you know, as apple and google launch their own prescription services, if you're a small developer trying to compete in that landscape, it becomes more and more difficult. and so i don't think it's a black and white issue, but it's also easy to kind of take an anti-big tech or big company perspective, and it's important to understand that they've built an entire ecosystem, they've built entire industries that we are all profiting from. liz: okay, fair enough. free market, free market, we all support that, certainly. sometimes the free market gets a little too powerful in the hands of some, but that said, we'll be watching the trial. quickly, i know that the you have several dozen employees in india. india's had a horrific situation when it comes to the coronavirus right now. they've surpassed 200,000 deaths. tell me what the situation is for your with employees and your family. >> it's been very difficult. it's scary. every single day, you know, not

knowing who's going to get sick and, you know, it feels a little bit like we're at war, basically, which in a lot of senses we are. we're at war with coronavirus, and it's very disruptive to work. and so for us, you know, living here, i mean, i'm vaccinated, you know, my life's kind of going back to normal, but then i'm talking to our team in india every day, and they feel scared, and it's hard for them to be productive. so for us it's just about understanding the situation that they're going through, also understanding that infrastructure's very different there, and so when you're at home and you're not able to go into an office, you might not have reliable electricity, you might not have internet, and we just with need to be mindful of that. liz: good luck and good luck to your employees in india. prerna gupta, the queen of apps. check it out, the hooked app. thank you so much. >> thank you so much.

liz: global chip shortage stalling out production lines across the entire auto industry, but for every action there is e an equal and opposite investment reaction. the sonic boom is hitting the used car market, and the stock in the lead of this race? carvana. the ceo joins us next. closing bell ringing in 37 minutes. the dow continues to climb. it just blew through the ceiling and the high of the session to start a new one. we're up 253 points. don't go away. ♪ ♪ 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. [typing sounds] [music fades in]

[voice of female] my husband ben and i opened ben's chili bowl the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history. when the pandemic hit, we had to pivot. and it's been really helpful to keep people updated on google. we wouldn't be here without our wonderful customers. we're really thankful for all of them. [female voices soulfully singing “come on in”] - hello, friends. michael youssef here. you know, the right says that christ was conservative. the left says christ was radical, but christ is the creator, god in human flesh, and he's the only one who can give you peace, and he wants to give you that peace, eternal peace. will you come to him? - [woman] are you looking for peace that can withstand any hardship that life can bring? visit findingtruepeace.com to find answers. that's findingtruepeace.com.

♪♪ must liz: i have a question for you, could your uses car -- used car be a lottery ticket sitting in

your driveway? a headline from "u.s. news & world report" says you should sell your used car right now. okay, why? the demand for prices and used cars are going through the roof. enter carvana. carvana buys your used car and selling it to a new owner, all of it online, and people are cashing in not just with the service, but the stock year-over-year. carvana shares soaring rather dramatically, up about 169% year-over-year. the company just posted a narrower than expected first quarter loss. it's falling on the session, but the revenue, $2.25 billion. joining us now live, and ceo, ernie garcia. that number is a hefty one, up 104%. where did the extra billion and a quarter come from this time around? >> you know, it came -- it

starts with just delivering great experience to customers. so we grew our retail business by 76%. that means the number of cars that were bought by customers grew up 76%. we grew the number of cars we buy, we'll come to your house and pick it up, put a check in your account, we grew that by triple digits. we added about a billion dollars in quarterly revenue run rate year-over-year. really we've been pretty fortunate over the last eight years that we've been in business. we grew at triple-digit rates every year from 2013-2019, and that did pull back a little bit in 2020 due to the pandemic, but now we're back again. liz: are you seeing more buyers or more sellers? >> i think the is we're in the enviable position where we're seeing a lot of both. something we have been working on really harold as a company for the last nine months is trying to build more capacity to certify cars.

part of our business model we take a car that we buy from a customer, put about $1,000 of parts and labor into that to certify for its next owner. that has taken time to ramp up, and we've had more demand than we've been able to satisfy. and then on the side of buying car customers, as you said with that headline, values are very high, so we've seen a ton of demand for that offering as well. and that's been great too, because of the fact we have the retail business, we can generally give customers a better bid for their car because we have more customers coming to our web site in more locations, so we can find a buyer at a higher price. so that's driven a lot of demand, and our job as a company is to keep scaling as quickly as we can. liz: well, i would imagine then it's more of a seller's market, and you because of the way your web site is structured and your business, you buy cars and then you turn around and sell them. you've got to tell me, are you

paying more for cars that are brought to you and the sellers who would like to get rid of them? >> so, yes the simple answer. interesting dynamic in the used car market is that, generally speaking, the prices on the purchasing side go up, the prices on the sell side will also go up because the entire apparatus of the used car market basically takes the car from one customer and gives it to another, and dealers sit in between and have to make their money. so those two markets tend to move in tandem. but undoubtedly, the wholesale market has moved up rapidly over the past month or two, and that's creating value for sellers. and then i think we're starting to see retail prices move up, and that will likely continue to occur. generally, the spread is fairly stable across time. liz: you know, mart of the reason -- part of the reason that we saw this trigger for such increased demand and less supply, a lot of those reasons are starting to wane. i mean, covid, people were dying

to not use public. suez canal blockage kept a lot of parts stuck in the suez canal. that's worked through the system. when will you be profitable, and does that, now that those issues are kind of moderating, does that push your profitability further out? >> so what i would say is i think all those issues you brought up are real and kind of there's been a shift to e-commerce in general the past year that's kind of driven some growth. there's a bunch of macro factors, but we're building an infrastructure nationwide to deliver a simpler experience with a broader selection and lower price, and that's a really desirable offering. if we go back to 2013, we're a thousand times larger todayen than we were there. those are much, much larger effects than anything that's happening in the macro market. if something happens to cause sales to grow by 5%, that would

probably impact us in a proportional way, but even last quarter a thousand times larger than 2013, we were a little less than 1% of the entire market. so you've got more and more customers that are interested. i'm. liz: ernie, before we go, one of the titans, i've got to get you on this, elon musk is going to be on "saturday night live" tomorrow night. are you going to be watching? >> oh, i'll watch. of course i'll watch. are you going to be watch? [laughter] liz: of course. i'm clearing, i'm clearing the whole schedule because i'm to busy at midnight, uh-huh. [laughter] >> nice. liz: all right. well, we'll be watching all of that and more and, of course, carvana. ernie, great to see you, thank you very much. >> thanks for having us. liz: you got it. the big surprise miss in the april payrolls report has economists scratching their heads leading some to ask is the

jobs report flawed? we'll ask the man who hands out paychecks to 1 in 12 american workers. and larry gadea joins my everyone talks to liz podcast this week. from escaping romania as a baby to getting hired at not one, but two big tech behemoths, larry's office of the future start-up envoy. my new podcast on larry's success story is on spot fire, apple, google, anywhere you get your podcast. check it out. closing bell ringing in 26 minutes. stocks at session highs, but let's check crypto prices. moving in opposite directions. bitcoin's bo $57-u -- above $57,000, ethereum pulling back after hitting record highs. ♪♪

(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. so you can live your life. that's life well planned. 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. how am i doing? some say this is my greatest challenge ever.

governments in record debt; inflation rising and currencies falling. but i've seen centuries of rises and falls. i had a love affair with tulips once. lived through the crash of '29 and early dot-com hype. watched mortgages play the villain beside a true greek tragedy. and now here i am, with one companion that's been with me for millennia; hedging the risks you choose and those that choose you. the physical seam of a digital world, traded with a touch. my strongest ally and my closest asset. the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of...

it's so busted, you can't use this part of the screen. definitely cracked every phone i've owned. you broke your phone. so verizon broke the rules. for the first time ever, new and current customers can trade in their old and damaged phones for up to $800 off our best 5g phones. my phone is old. very old. old, cracked, water damaged, doesn't matter. i'm ready for something new. now, trade up to the 5g network you deserve, with the 5g phone you want. because at verizon, the network is just the beginning. ♪ na na na na

♪ na na na na... ♪ hey hey hey. ♪ goodbye. ♪ na na na na... ♪ hey hey hey. ♪ goodbye. ♪ na na na na ♪ na na na na... the world's first six-function multipro tailgate. available on the gmc sierra.

♪ liz: while the april jobs report seemed all about what didn't come to pass, this, however, did: people's intense desire to wine and dine now that spring is here led to a six-digit gain in leisure and hospitality jobs. in that sector alone, 331,000 jobs were added. the third consecutive month of gains. so with that kind of jump, how could everybody have been so wrong with about april's headline number which came

nowhere near the estimate of a million in is the jobs number flawed? let's turn to paychex ceo marty mucci which generates the paychecks for 1 out of every 12 private sector employees. marty, some of the smartest guys on wall street way overshot this number. jeffreys was expecting 2 million. what was your reaction when you saw this 266,000 miss? >> well, liz are, certainly it was a surprise. it was a brig miss from every -- big miss from every other indicator including the paychex indicators, our small business index. you have to look at it as one month of data, and there are large corrections that are done to this report even if you look back to february. and so i think it's one month of data, and things are happening probably faster than, certainly, anytime, almost anytime in our history. so if businesses are opening, they're not necessarily maybe

getting the jobs showing up right away as they tart to reopen. so -- start to reopen. so i think there are some things there we have to take into account for the one month that we're seeing right here. liz: well, let me push you on this. is this particular april jobs report, as you look at the landscape because you're in the trenches of paying out millions of paychecks, you process them, i should say, is this april report, jobs report flawed, and do you predict that we will see a big upward revision next month in. >> yeah, i do. based on our information and what we've seen, as you noted, we pay 1 in every 12 private sector employee's paychecks, and we certainly saw the job growth. these are businesses under 50 employees that we focused on right here. we've seen it come back to pre-pandemic levels from a job growth perspective. so i think we will see a big jump in the next month as we adjust this april number. you know, there are things that

are making it difficult to find workers right now. as has been talked about a lot, unemployment benefits being a little bit on the high side with the extra bonus per week, $300 per week through labor day, also there's concerns with covid coming back to work and there's childcare issues with schools not being fully reopened in many areas. but i think this was a low shot that's going to be adjusted next month pretty substantially. liz: okay. i want everybody to remember that marty is say that because we did see a revision to the march payroll, and it was downwardly revised from 916,000 to 770,000. but, again, be ready for that upward revision and -- because marty knows, he's in there. you know, i'm glad you brought up this issue of whether businesses are truly competing with enhanced unemployment benefits. that seems to be the narrative that a lot of republicans are saying is out there that, oh, people would rather stay home and collect that unemployment check that's higher than usual

right now. janet yellingen just said what you said, that some people would like to go back, but they can't because their kids are still in sort of different schooling schedules, or they're just still a little too nervous about coronavirus. when do you think we should end unemployment, enhanced unemployment checks to really get people moving back to the jobs force? >> well, right now, you know, it's targeted for labor day, and i think it's probably a little bit unfair the try to speed that up. i think people are counting on it. it's very important that they continue to have the support. and while there's some people that might be saying, look, on balance i'm going to stay home, i think it tends to lean a little bit more toward the school issues, the covid concerns. those things, i think, are going to soften over the summer, and i think people will be back, you know, by september, end of august i think things will start really picking back up, and i think that's fair. i don't think i'd end it earlier than labor day as original a --

originally projected. liz: marty, thanks for coming on the show. i knew you would what i think is the right answer, that this number's going to be upwardly revised. thanks so much. >> thanks, liz. liz: hey, this is increasing, like, by the minute, i now have 177,000 followers on tiktok. i put out the morning business report, all these exciting things that overnight. it's one minute long. check it out, @redfoxliz. look how dramatic i am. it'll kind of prepare you for the trade of the day. i try and use it to give you these quick morning minutes, the business news. the company's still in limbo over a possible sale to oracle, that's tiktok. charlie gasparino has the scoop on why a decision made by team biden may be taking so long when it comes to forcing a sale of tiktok. closing bell, 15 minutes away. we're coming right back. ♪

♪ we have a guestroom now. but we have aunts. you're slouching again, ted. expired. expired. expired. thanks, aunt bonnie. it's a lot of house. i hope you can keep it clean. at least geico makes bundling our home and car insurance easy. which helps us save a lot of money. oh, teddy. did you get my friend request? oh. i'll have to check. aunt joni's here! for bundling made easy, go to geico.com hello?! sure, about this? experience capability, crafted by lexus. we're good. the remarkable gx and lx. get 0.9% apr financing on the 2021 gx 460. experience amazing, at your lexus dealer. front desk. yes, hello... i'm so... please hold. ♪♪ i got you. ♪ all by yourself. ♪ go with us and get millions of flexible booking options. expedia.

it matters who you travel with.

♪♪ liz: it has been a nine months now since president trump ordered the sale of chinese-owned tiktok's american assets. oracle and walmart were in the lead and set to buy the short-form video app which has an estimated billion dollars in annual revenue. now with president biden in charge and a brand new ceo at the helm of tech doc, what happens to that deal, charlie gasparino? >> i don't know what's ultimately going to happen, but i'll tell you why we're still talking about this deal, and we're almost in, like, the one-year period where president trump initially said it was, tiktok was a tool of the chinese government because it has a chinese parent to spy on people.

he was thinking of banning it. they were forced -- there was talk about a forced sale. microsoft was the initial bidder. it dropped out. oracle came, and they were going to do some partnership. oracle appears to still want to do the deal, but here's or what's holding it up, liz, and we're getting this from sources both close to oracle, sources close to to the white house, that because the biden administration had not essentially staffed itself, i mean, we are at a point now where key positions in treasury, in state, in doj and, you know, a lot of these positions talk with cfius, which is that government agency that's got to rule whether oracle can buy the deal, whether tiktok should be banned, that key officials are not in place yet to make the rules. so while we do the know, our sources are telling us that oracle is still interested in that deal that they tried to work out where it would be some sort of partnership. they weren't really owning it.

oracle would, i guess, house the data, so it would keep it out of chinese hands, allegedly, that they're still interested in that deal. it can't get approved from the biden administration because there's no one there to approve it. you need these various people to weigh in to advance the ball to cfius and essentially have the attorney general, merrick garland, weigh in, have the treasury secretary, janet yellen, weigh in. and because these positions aren't filled, you can't get any movement. and this is reverberating through the administration. it's not just these key positions i mentioned. there's no chair of the fcc. there's no chair of the ftc. gary gensler yesterday talked about a very ambitious agenda for the securities and exchange commission. well, guess what? he doesn't even have an enforcement chief who was forced to resign, he doesn't have a head of market regulation, he doesn't have a general counsel. he doesn't have these key positions filled to do much regulating. so even if you think that crypto

regulation is coming which everybody's talking about, you know, gary gensler does not have the voices to really do the anything significant. he has staff, but he doesn't have those sort of policy people under him chosen, which is huge in an agency. and you can say that with treasury, with doj and down the line. and that's what's holding up i hear telecom deals, where's net neutrality, liz? that was supposed to -- the biden administration was supposed to bring that back, but they can't because the fcc chair is not in place. it's a lot of unfinished business here more than 100 days in, and it's really gumming up the pipe ifs of business -- pipes of business, particularly business that interacts with government. and the tiktok deal is just one deal, but, you know, it's a major one. it's a talking point, but that's the reason why we're not getting either oracle's in or out, they're banned or not banned, here's the future of tiktok --

liz: well, they got the new, tiktok's got the new ceo, susie chu, and that's huge, a cell phone giant in china that is very, very fast and fleet of foot when it comes to big business. >> yeah. liz: i think he's a force to be reckoned with. >> you've got to ask yourself why don't they have these positions filled. number one, it's all hands on deck with stimulus and infrastructure and covid. that's all they're doing. liz: covid, yeah. >> more like they want to push through the stimulus pang. i mean, they are myopically focused on this. ron klain, the chief of staff for president biden, is, i mean, this is what he's spending most of his time on. these other positions, you know, it's like -- there's just so much time in a day. number two is they have hired -- they have more boxes to check in terms of diversity and where some of these people worked in the past than the trump administration. so it's more of a vetting

process. you know, you've got to make sure that you're putting someone in the treasury, that person didn't work with big oil, see what i'm saying? liz: yeah. or at the energy department and worked for big coal. what a con isn't. [laughter] great to see you, charlie. thank you very much. one of the biggest ceo gripes this earnings season is a clogged supply chain tangled by the pandemic. ed the's countdown closer, as we look at krispy kreme doughnuts, has some names he says should shine on as the chain irons out. closing bell ringing in 6 minutes, the dow challengerring up by -- charging up by 236 points. we're coming right back. we're coming right back. ♪♪ld ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping.

... don't just sell it. ten-x it. i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia related psychosis and is not for treating symptos unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if if you have certain abnormal heart rhythms or take other drugs

that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of te arms and legs and confusion. we spoke up and it made all the difference. ask your healthcare provider about nuplazid. keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo

liz: all right, what a week, for the week the dow has snapped its two-week losing streak that's two weeks positive in a row for the s&p 500 and the

nasdac, well it's falling for its third straight week, but we have records for the dow, s&p , and transports if we were to close right this second but we got two and a half minutes left. look all we're hearing this earnings season from so many companies is supply chain shortages, real impact on our businesses this year, but our countdown closer says he's got three names that stand to benefit no matter what happens with the supply chain. chris osmond, advisor cio to give us those names, chris, you like vulcan, magnitsky into, and lam research, so let's hear it what is the common thread? >> well, when i look where we are, i like to be at the front end of the supply chain. therefore i'm a price maker versus a price taker, so when i look at vulcan, one of the nation's leading aggregate producers, if you've driven in the southern part of the u.s. , in california, arizona, or texas, you probably have driven on a highway that's been paved with vulcan aggregates and materials so they are positioned

well to benefit from construction both non- residential, residential, as well as from an infrastructure perspective. and looking at magna, it's an auto supplier so they are providing chassises, aluminum to some of the major auto manufactures around the globe so you look at this customer base and it's ford, gm, kia, toyota and they are positioned well in the supply chain to provide that not to mention they are making significant strides in the ev or electric vehicle components and becoming a major player so they can keep that momentum on the ev side, considering they are one of the fifth largest global suppliers bodes well for them. liz: i like that you picked, hold on let me say because we're running oust of time i like how you picked a chip manufacturing equipment, chip equipment versus chips, that is lam research we're looking at it right now up

2% today, chris, here comes the closing bell, great to have chris osmond, 11 billion in assets under management, he's doing something right and we're triggering the balloons folks. >> [bell ringing] liz: big wins, thatting do it for the "claman countdown" i'm wishing all the moms out there a very happy mother's day. kudlow is next. >> larry: hello, everyone, welcome back to "kudlow" i'm larry kudlow, great to be here so today's job report gave us the biggest miss in history, how is that? 26 6,000 new jobs, the entire economics profession, including me, expected around 1 million. well, so it goes, stocks love it they absolutely adored it because it probably guarantees more free money from the fed, forever. president joe biden sort of