away from that but here is a chance to reassured those tech names that you missed the first time around, apple trading at real lows, to reenter the market here and maybe even better in the short-term. i think we'll see more volatility before we see more upside. charles: you know, i agree a lot of times people tell me man, i wish i owned xyz back in the day well back in the day is today. phil thank you so much, my friend. liz claman, looks like it's going to be another tough last hour trading. liz: yeah, well that's what happens when you get a price shock, right? inflation is the name of the game on wall street in this final hour of trade. take a look at the 10 year yield , it is up for a fourth straight day, now hitting a five -week high of 1.699%, i don't know when this hour, we could see 1.7% here after consumer prices saw their biggest monthly jump in nearly 12 years. that's putting pressure on stock s. make no mistake about it, markets got swamped as soon as this consumer price index number hit the tape this morning we are now on track for a third

straight day of losses as fears of a rate hike to take down these rising prices grow we do have the dow down 509 points the nasdac down 312. as inflation spikes, so too does the cost of pumping iron. pandemic winner nautilus now dealing with a new set of challenges as the price of raw materials, iron ore, copper, steel, could upset its workouts. the ceo is here to tell us what he's doing about it, and his plan to challenge rival peloton, it's a fox business exclusive. plus, the sports streamers giving wall street short sellers a gut punch at this hour after reporting knock-out subscription numbers, the tv ceo is here with his post-game analysis and the pre-game for the next and current quarter. well, fox business alert let's begin here, the bulls are could youerring on wall street at this hour, and the question is with the dow and nasdac tumbling right now, will it worsen and yes, the s&p as well. s&p down about 70 points at the

moment. it is down 1.7% but it's the nasdac really the leader as far as percentages are concerned getting clipped by 2 1 /3% if the mix is any indication yeah maybe it could get worse. the volatility index is hitting a two-month high, climbing above 27 earlier in the session for the first time since early march. why the fear? we've got that dose of inflation reality. the april consumer price index, this measures the price of goods consumers pay for everything from food to apparel to gas, housing costs. it jumped .8 of a percent month over month, 4.2% year-over-year, both far exceeded economist predictions. the responses i mentioned in the bond market was very swift. yesterday, the 10 year yield stood at 1.61%. you can see it has jumped about let's call it 8 basis points here its been on a run since this morning and so we said let's bring in our floor show

traders david trainer and teddy weisburger are both highly experienced in all kind of numbers like this. david let me start with you. the fed has consistently said we're not touching interest rates they will stay low at 0 to .25 of a percent because this inflation we see is transitory or temporary and it's going to settle down. i don't believe that. i'm not sure you do. either way what is the trade on a day like this? >> i'm with you, liz. i think the fed has been trying to be incredibly doveish in order to keep this sort of frothy market frothy. look none of these politicians or regulators want to be on watch when the market corrects. they are in the business of kicking the can down the road and that environment, look, you can either hold on, you know, until you see the whites and the corrections eye, or you can move into safer stocks, stocks like jpmorgan, walmart, intel, companies that make real money and real products, and are going to survive. they are going to get hurt when

things flush out, but they are going to be the first to pop back and the first to outperform because they make real money, real products, and they can be trusted. liz: okay, so i'm not hearing you say any of the gig economy names i'm not hearing you say any of the names that got so super hot whether it was during the pandemic, the zooms of the world, spotify, shopify, who knows could you throw apple in there too, david? >> yeah, i think apple is one of those too. the companies that the have real cash flows and you're right. these pandemic high fliers, i think the chickens are going to come home to roost. a lot of these companies didn't make money in the pandemic, and they will probably never make money. dash, lyft, i think tesla is one of these overpriced ones, netflix is another one. these are broken business models that have been just loved and loved because they've been popular. just like bitcoin is popular. does it make sense for bitcoin to be this expensive? nobody believes that, right? except for the people that made money in bitcoin, and i think what this correction is going to do is going to be really healthy

for america, and it's going to show people that get rich quick schemes don't work forever. liz: yeah, we're looking at docu sign right now it's an ugly picture intraday but when you look at the longer term charts they are down from 10% to 40% off their pandemic highs. teddy, fed funds futures, they stand at about a 9% chance of hiking at the next federal reserve meeting in june. i think david trainer is so on the money here, none of these politicians and i'm not calling jay powell a politician, you know, he's the federal reserve chair, none of them wants to be on the clock when the market spasms because you have to raise rates, but even the fed funds futures pits are counting in a 9 % opportunity here to see a rate hike. again, what is the trade? >> well, first of all, to say that the fed chairman is not a politician, i think is a bit of a stretch, liz, but okay. i'll give you that. he's not a politician.

liz: [laughter] okay. >> i think you have two choices here. if you believe the fed, and we are taught always to never fight the fed, but if you believe the fed, then you buy the sell- off and i guess you buy the techs but if you believe mr. market, which i tend to believe and i think a lot of other folks tend to believe, the market clearly is telling you something different. you know, the fed is telling us that there's no inflation. well, clearly, they don't eat or buy cars or do anything. they must live in a cave. of course prices are going up everywhere, so there's inflation everywhere, and so i think, i think the trade is quite frankly , you stay away from the techs, because i think the fed maybe is going to get caught flat footed here and i think what was, the re inflation trade three or four months ago which has now become the inflation trade is where you want to be, and i think the sell-off is long overdue, perhaps monday when we had that big reversal, you know,

it was basically a blow off on the top, but i think if i were going to reenter the market, it wouldn't be in the tech sector but it be every place else. it be in any sector where they can pass along pricing power, in terms of their p & l and boy that's a lot of different sector s and we've seen that. liz: david, caltech you know, you could look at the ark innovation fund run by cathie wood. obviously it was a funner last year up 150% but i think teddy is making the point here that maybe you start going into that sort of commodities super cycle, but what does that say about all these sort of shiny object-type of stocks? is it a wakeup call for them that you could lose very big money, simply by going on what you think is going to be something hot? i mean, we bring up the honest company. jessica alba, the actress her consumer goods business, has now fallen below the $16 ipo price. i believe it was slightly higher

today after falling below $16, but there's so much froth in the market for big tech names. give me a sense of what you advise people on this. >> look, we're big believers just as you said, liz, as to avoid the shiny objects and i think so much of the rhetoric around why to buy them is like stock price just because its been going up we should believe it's going to continue to go up and at some point the music stops on that strategy. at some point, mr. market, right , as was just spoken, is going to make miss move, and you want to be ready when that happens, and look, it's just its been too easy for too long and guess what too easy is not real and so yeah, i think this ark innovation fund and the whole cathie wood sort of strategy is bound to blow up because at the end of the day a lot of these companies don't make any money so the stocks we like, these are firms that make real money. disney, valvoline, is one people don't think about and the whole

outsource fix your car thing and these are cheap stocks and plenty of them that make real money and i mean, the honest company, can they really compete with the incumbents like clorox, et cetera, like what advantage do they have? zero, and same is true like doordash. it's not even a real business, like pizza delivery drivers need a $5 billion market cap are you kidding me? they don't make money now and they never will? i don't think uber or lyft will make money, i don't think tesla will make real money and we're already seeing business models begin to decay on the margins here as their growth is good, their profits still haven't despite in some cases being in the best possible environment, still haven't broken even, so yeah, i think it's time to switch back to what's real and profitable. liz: teddy really quickly here. >> well, listen. what your other guest says is basically correct. i just think nothing goes on

forever. the markets due for a correction , liz. we made all-time highs on monday it's okay to give a little back. the question really is where are we going to be when we find the bottom here, and they will find the bottom here in the not too distant future. i just think the trade personal ly is not in the tech arena because i think the fed, perhaps has got it wrong here. i think the markets got it right , and the reinflation trade is now the inflation trade and that's sort of where you want to be going forward. liz: yeah. got it, hey, david and teddy, wonderful to see you both on a pretty tough day look at the nasdac down 321 points, or 2.5% to the downside here. it did fall through yesterday's support level of about 13, 107 we're at 13, 069. we've got breaking news we're hearing reports at this hour that the hacker group the fbi pins as being responsible for the colonial pipeline ransomware attack has claimed its hit additional companies with cyberattacks and ransomware

three companies globally. one in the u.s. , another in the united kingdom and one in brazil. now the colonial pipeline shutdown, we know this. that has crippled the southeast. cars lining up for miles in tallahassee, florida, as some drivers waited an hour or more in lines at gas stations before they could even start to fill up. same story, raleigh, north carolina. gas buddy reporting 28% of gas stations in the tarheel state out of gas, with more than 1,000 across the nation. cars lining up at a gas station everywhere, right? even as the biden administration is imploring drivers, don't horde gasoline, folks with their gas cans, they are showing up trying to stockpile, some gas stations are saying no, we'll only fill up your car, you can't bring these cans. people are showing up with like four cans, as pumps at almost 6.5% of gas stations in virginia run dry, let's get the situation on the ground, grady trimble is at the american airlines terminal at chicago o'hare,

where the air carriers, we can't forget the airlines because jet fuel is involved here too. how are they adjusting to the problem? reporter: well, limited impacts for the airlines right now, liz, but an impact nonetheless particularly to american airlines, they've added fuel stops to two daily long-haul flights that would ordinarily be non-stop. both of those flights originating out of charlotte. i also reached out to delta and united both of those airlines tell me no impact so far, but of course, they are monitoring the situation, so just because your flights go off without a hitch does not mean you won't see higher prices when you get to your destination, and that's what everybody is watching right now. look at these price increases across the east coast. up $0.07 to $0.08. that's know the from last week that's actually just from yesterday and you mentioned some of those numbers from gas buddy, liz. we actually just got new numbers from gas buddy and they tell us in north carolina, across the

entire state, 65% of gas stations are completely out of gas right now, in the state of georgia, south carolina, and virginia. more than 40% of gas stations are out of gas there, so we're seeing all of this as people continue to panic buy, despite as you said, the warning from the federal government not to do that, and of course, we're just a few weeks from memorial day, triple a put out their travel guidance this week, they say 37 million americans will be traveling this memorial day, and as the pipeline hopefully is restored later this week, we have to remember that it's going to take 15-18 days for that fuel to flow from texas where it starts all the way to new york, where it ends, so stuff to follow, liz, even as they make progress on restoring service to that line. liz: i'm sorry, grady, you have to tell me that again. 60% of the gas stations in north carolina? reporter: yes. 65% in the entire state of north

carolina and if you look specifically in metro areas like raleigh, charlotte, asheville, those numbers are even higher. pretty unbelievable. liz: wow okay, keep us posted. brand new numbers from grady trimble, breaking right here. thank you so much. first a recall and now here come the lawyers. peloton shares back pedaling as the equipments in on demand fitness maker now faces a slew of legal actions accusing the company of misleading investors on the safety of its treadmills when it comes to children and pets. shares right now, down about 3% to $88.22, but well off the lows hit about a week and a half ago. could peloton's pain lead to gains for rival nautilus? ceo jim bar here to answer that question and yeah, inflation, a lot of that equipments made with steel, iron ore what's he experiencing right now, closing bell ringing in 45 minutes. folks remember low of the session for the dow is a

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liz: we're getting this fox business alert, breaking news now, the cdc advisory panel has just voted 14-0 to recommend the use of that pfizer covid-19 vaccine for children ages 12-15. these two companies now become the first vaccine maker to at least be approved for the covid vaccine for kids that young. right now pfizer is moving up 1% , biontech pulling back 5% but it's up about 300% year-over-year. we need to just quickly check the markets here. the nasdac now down 345 points. i do not want to ignore the russel, small caps for a second if you can indulge me here are down 60 points the russel 2,000 losing 60 points a loss of about 2.8% so we're keeping a very close eye on all of what's happening with the markets right now. so it's no surprise that nautilus, for example, would retreat with the broader

market after reporting record second quarter sales for the second consecutive quarter the maker of cardio and strength equipment not only owns nautilus brands, you know that name but bowflex along with connected fitness platform journey. this trove of all-star brands had a banner year during the pandas everyone scrambled for home gym equipment the demand propelled shares 205% year-over-year so as gyms reopen what will this post-pond landscape and nautilus stock look like, nautilus ceo jim bar joining us in a fox business exclusive. jim, great sales, right? i mean, can you tell us, give us a window into whether the pace of the sales that you're seeing right now is holding steady, gaining or losing some velocity compared to what you just reported. >> no, it's still very very strong. thank you for having me on. i appreciate it. love to talk about our results and definitely where we're headed. so yeah, we're seeing still a lot of strength in retail in

particular as retailers order for the fitness season, and they are extremely bullish on what's going to happen then and we're seeing very strong orders there. we've seen some seasonality return in our direct business, but that's to be expected as people can go outside, the weathers getting better that's a typical seasonality that we see. liz: you know, rival peloton obviously is offering equipment plus connected. i want to get to your journey your connected platform that is quite similar in certain regards at least when it comes to what it can do and offer. you as i understand it are pre- loading this feature into your treadmills. where do you see the opportunity beyond that, and just as importantly, can you give us journey subscriber numbers? >> yeah, we haven't talked, liz , about subscriber numbers. the closest we said is we're starting with not a large install base of equipment. this company was a equipment- only company. we dropped it off at your

doorstep and we were done with our customer journey. now it's profoundly changed. we actually get to be partners with each member, along the way in their long term fitness, so that's kind of the beginning of this whole thing, and yeah, we're really excited about, we haven't given numbers but we have said we're shooting for 250,000 members by the end of this fiscal year, which ends in march, so we're very very excited about that, so we're going from a low base to a really meaningful number, and we're very very excited about our ability to do that, and on the way to doing that, we've launched recently eight new connected fitness cardio machines. we've got three new bikes, a couple of max trainers which is like a standing elliptic, and the treads that you referenced before, and so these all come pre-loaded with journey. running really well. it's quite a bit different than peloton, we're taking a different angle, and we're very very excited to get that

out because we, until we launch ed our velocore bike the world's first leading bike in september, we really only had one product that had jrny on it so we're very excited about the progress we're making. liz: i'll be very interested to hear those numbers so please make sure that you get them to us because that, i know, is what your investors want. we're looking at a market sell-off that was triggered in large part, so you don't see this but right below you we have the big board which right now the dow is losing 614, and the breaking news with the nasdac is it is the percentage loss leader. it is just really selling off here by about 2.5% or 343 points. this was triggered this morning in great part as you know, because we got inflation numbers that really looks scary to a lot of people. you deal in iron ore, steel, raw materials for these big pieces of equipment and your dumbbells which nobody could find during the pandemic, can you give me a sense of what your material costs are looking like in the

past couple of months? >> yes, we talked about it in our recent earnings call. we're seeing steel up about 30% from the beginning of the year, and there's for a while, that doesn't get passed on to us but after a while, it does. we do feel like it's a temporary , you know, it is covid -driven. it doesn't seem natural, experts say that it will regulate, same thing with transportation costs there's inflation there, where sometimes it's costing three times as much to ship a container from china where a lot of our stuff is made, but we're monitoring that closely. we have some ability to pass price increases on to consumers and retailers, but you have some limited you have to think about the competition as well but we're definitely seeing that up. we characterize it as temporary. how long temporary is no one knows. it's at least this quarter, as we gave guidance, and we hope it regulates later in the year. liz: jim, good to see you, nice quarter here, and we'll be watching for the current quarter

jim barr of nautilus. >> thanks so much. liz: folks, i do want to just say that the volatility index, the fear index is now at session highs, but these folks here on your screen do not look nervous at all. gyms are being joined by restaurants in the rush to reopen but owners and managers finding it tough to find workers so we're sending charlie gasparino to one of his favorite watering holes to see if the same holds true in the big apple charlie breaks it live from siss tina nyc, those poor restaurant workers, have to face charlie. closing bell ringing in 35 minutes, the nasdac right now is increasing its losses, down 360 points now down 2.7%, a lot of the hot names are now down double-digit percentages, just over the past month and a half. we're coming right back with much more. my retirement plan with voya keeps me moving forward... even after paying for this.

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liz: fox business alert let us take a look at the russel 2,000, now it is down three pull percentage points, that's the worst loss since march 23 a loss of about 6 points. that on any day is just a massive , half of that is a big drop for the russel 2000, right now, all major indices deeply in the red, so if you pick apart exactly what's going on here, let's look at the home builder and retail exchange traded funds both are down about 5% a piece, all of this time back to inflation, we know lumber prices , copper, a lot of what is used certainly in homebuilding has just absolutely spiked. you just heard the nautilus ceo saying his steel prices are up 30%. we also, of course look at retail. we look at apparel, we look at anything involved in the making of retail, and prices are going higher, as witnessed by the april consumer price index, which far outpaced any expectations, up more than 4%

year-over-year. here we go, the february freeze in texas, icing out lemonade shares in today's pop stock. the soft bank backed ensurer posting a wider than expected drop in the first quarter. some of the blame going to the flurry of claims filed in connection with that february storm that left dozens dead and much of the lone star state without power. lemonade pulling back by 18%. lyft and uber also hitting a sour note into the close the ride hailing rivals both say without more public subsidies they will be unable to meet california's new electric vehicle mandates which call for 90% of ride hailing vehicles to go electric by 2030, you've got lordsdown down 7% and as i said uber and lyft lower. wendy's is popping at the open before falling alongside the broader market. the fast food chain raising its full year forecast on hopes its new bacon-filled breakfast menu will drive customers through the door as coronavirus restrictions ease nationwide

wendy's pulling back by 2.25%. the future looking a bit dimmer at doordash those shares have been down all day just a little over 24 hours to go until the delivery giant releases its latest quarterly results the stock is down 9.5% and yes a loss is expected of about $0.26 and yesterday, i don't know if you remember, you better. you better have been here yesterday but in the final hour on "claman countdown", virgin galactic was suddenly able to launch itself back not green after investors scooped up shares, discounted by delays to the space tourism companies test flight schedule. today, it is holding hard to its downward spiral, down 11.8% right now, cowen cutting its price target, listen to this , by $17 down to $23, stocks at 15.97 despite saying they remain bullish on richard branson's rocket startups luxury appeal with friends like that who needs enemies my gosh. back to earth now, restaurants

desperately trying to get past the damage dished out by the pandemic now being served a new threat in their efforts to get back to business. a shortage of willing workers. to charlie gasparino, whose bellying up to the bar at his upper east side sustina, with the owner, hey, charlie. charlie: liz, i want you to know i paid the bill, okay? i know i've got a few e-mails out there people think i'm eating free spaghetti. liz: every time. charlie: i just want to give a little background on the bruno brothers. they are an american success story they came to this country with almost nothing they started as dishwashers, bus boys, they built three of the great italian restaurants in this city, and they served the wall street elite. this is an american success story that we almost lost last year, because of the pandemic and the very harsh lockdowns which a lot of people think were way out of control, way too much , 25% and 0.

tell me about how you survived this and i want to get into how you're trying to survive what's going on now. tell us about the past year. >> well the past year was really horrible. at the beginning, i didn't think we were going to make it because we saw a lot of loss of life, and the virus was really -- charlie: customers of your got it? >> yeah, people disappeared from new york. we were not used to doing deliveries,, actually none of our customers were around, so we probably did nothing for five months and then until we opened outside and then we started at 25% and a little bit we had outside. charlie: you had to put massive capital investment. >> oh, yes i put in everything i had, and then we got a little help from the government and that took us this far, but now we are open this far, we cannot, business coming back seemed like everybody got vaccinated, business coming back, but we don't have the people. we can't work. the government said that we should open 75 and by june 1, 100%, but how can we work with

75% of the workforce less? charlie: let's just be real clear today the markets are off fairly significantly and one reason is inflation and at a granule level you're talking about inflation here, so you're open. you need more workers. you can't find those workers because guess what you're competing against joe biden's hand-out. his checks that he's giving people and it's more advantageous for someone to sit home and collect the checks than work. isn't that what you're seeing? >> absolutely but i want to say one thing before anything. i want to say to the president, this is not political. i love you, i think you're a great man, i think you're a great president, but i would like you to send, tell the governor to send people to new york city and to ask every leader of business what difficulties we are going through and the people who came back to work, they want 30% more hike in the paychecks, in the minimum wage they want $20. we probably don't have anybody and the people that work with us

right now, they are stressed out they don't want to work, and it's creating a real crisis, so i would love to say to the president, to really take a city like new york into consideration and to see , reelect them to solve our problem. this is their problem. we are facing a problem, we as a small business cannot afford this anymore. we're going to go out of business because the price of the labor is so high and the people are not really around 100% and we pay taxes, real estate tax and all of that, and the inflation, you're right. i think we are all going to be in trouble. charlie: you can't compete against joe biden? >> no, i don't want to, i would not, i was not elected to be president and i wasn't there, to compete with mr. biden but i would like to tell mr. biden that he has to send people in new york and ask every small business, if i'm not telling the truth don't trust me. go and ask these people, go to the small business. charlie: you're saying your next door neighbor came and said do you have any help? >> everybody on the block came

to ask me, oh, by the way do you know housekeeper? housekeeper why are you asking? well we have the same problem. people really disappeared because the housekeepers don't want to work for less money, for what they are collecting so housekeeper, bus boy -- charlie: so the up-shot is and they are giving me a heart wrap here, is government, stay out of the economy more or less, right >> well i think government should stay out of the economy, should really, really understand and there are so many -- charlie: they are hurting and making a bad situation worse. we got to, they are screaming in my ear, you know? no one yells at you in your restaurant because you own the place. liz: [laughter] charlie: liz's people are screaming! >> okay, well then, i don't know, but i think this is a very important -- liz: how to say wrap in italian. >> this is a very important issue for new york and the people in the restaurant business. please, pay attention. it's going to create a big problem. charlie: how do you say wrap in italian? liz: we're about to be cutoff,

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liz: okay, you guys, i told you look at the russel. the small and mid-caps we mentioned the russel moments ago so now it is nearing correction territory, it has lost about 9.5 % from its march 15th highs and so as we look at it down about 224 points since then, a correction is when you pullback by 10% from your recent highs so we are almost there but it is negative for the quarter the month and the week to-date. let me just quickly check the s&p. sorry i really want to do this because at the moment we do have the s&p 500 losing pretty significantly but yeah, the nasdac down 343 right now. okay, and there it is, s&p down 87 or a full 2%, down and yes, for the quarter, we are negative

at the moment, and we're down about 86 points actually, no, we're still 2% above the quarter score one for fubu tv and its boxing match against the short sellers the stock is bucking this downward trend right now, it's up 9% at the moment after surprising shareholders with huge quarterly jumps in subscriber numbers and revenue and while it has retreated from february highs of $52 a share, f ubo is still trading well above its ipo price of $10. what is the plan to keep scoring we bring in ceo david gandler. the fight is not over yet but you've killed this latest round, raised yourq 2 revenue guidance, full year revenue guidance way above street consensus. i want to know about your subscribers i'm big on subs today, subscribers ranging from 600 million to 605 million that's pretty aggressive. what's going to get you there? >> so the sub count that we're targeting for q 2 is 600 to 60

5,000 subscribers. you know, we're growing at a pretty quick, i wish it was 600 million, not yet, but it's a nice goal. no, we're really focused on continuing to do what we've been doing and that's improving our marketing funnels, improving our product and improving customization, personalization, and really continuing to improve our churn, which i mentioned on our call was roughly now i think we're going into the ninth quarter of consecutive churn improvement so we're feeling really good about our opportunity and the tailwinds as you know and the macro level are extremely strong. liz: given cost of content, because you guys are very much about content, plus your marketing costs and your technology costs, because at the heart of it you're also a tech company. do you make money on each individual subscriber, or net- net, when you've done

finished paying for all of everything else that you need to do are you still losing money on the subs and when would you then be positive? >> yeah so i think it's important to note that fubo is only six years old companies like netflix are a quarter century old, so, in our early stages we've been really focused on topline growth but we're also taking very balanced approach and if you look at our growth, you know, in the first quarter we grew revenues year-over-year by about 135%, and we also grew our operating expenses by only about 80% so clearly, we're on a path to profitability, advertising continues to play an important role, in our ability to drive profitability, and also, just our content expense line item, if you look at financial statement, was below 100% of revenue versus last year, which was about 120% of revenue so things are all moving in the right direction and we think that we'll be profitable roughly around 1.5-

1.6 million subscribers but of course, things change as you know, the dynamics in our space are changing almost daily. liz: sure. last time you were here we talked about your sports book which you launched in january, and by the end of 2021 are you still on target to actually hit that and talk to me about how that differentiates you from all of the other bundlers out there. >> yeah, so, first of all, we are on track, very happy with our acquisition that we announced last quarter, but we're doing everything we said we would do and more. we're moving very quickly as you know, betting is a very complicated space that also requires a lot of regulatory approvals, and we said we're on track for q 4. we're feeling good about it. it is a differentiator. i think fubo is trying to define a new category of television which i will call interactive tv and that starts with the wagering product and our goal is to take a differentiated

approach and, you know, reduce the cost of entry, which, as you know, for betting that could be quite expensive at the same time we're going to create very attractive unit economics. people come to fubo for the sports and they stay for the entertainment so we feel that we've got the brand, we've got the customers that are coming in, we're over 50,000 sporting events we're going to be well positioned and if you just look at our ability to take market share in the virtual space which is now approaching or even north of 5%, we are very comfortable you're going to see the same type of execution i'm very big on execution, the team executes well, and we'll probably execute the same way, with the same playbook in the wagering space. liz: okay. well, executing, is a new target for you. david, thank you very much. listen, you guys, fubo is at 9% on a day where nearly everything is in the red, so we're watching a good day for at least that company, thanks to david. all right, we are coming right

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liz: breaking news, president biden is about to speak momentarily. he will address the latest on the battle against covid-19. this comes as earlier in this hour the advisory committee on immunization, the cdc gave the thumbs up, with absolutely all positive votes to approve that pfizer biontech vaccine for children age 12-15. the youngest-ever approved here, for the covid vaccine so far this comes as new cases in the u.s. drop falling below the 30,000 mark, for back to back days, for the first time since september 7 and 8. to the white house and blake burman live, blake, a lot of

action at the white house. reporter: yeah a lot of action and the next step liz be for the cdc to officially give the green light for 12 and 15-year-olds to use the pfizer vaccine, the expectation at this point is certainly this is what we're going to hear president biden talk about momentarily when he gets before the cameras. it'll be interesting as well to hear, liz, whether or not the president gets some sort of a read-out or sort of his take as to a pretty big event as well that happened earlier today, and that was the president and the vice president sitting down with the big four congressional leaders to talk about a potential way forward on infrastructure, anytime you ever have a scene like that on your screen in the oval office, you know it's a big deal. coming out afterwards, i asked the top two republican leaders how they see a way forward. remember, the administration wants a $2 trillion infrastructure package paid for by raising corporate taxes. republicans talk about a package a quarter of the size to be paid for bayouser fees, so i asked mitch mcconnell and kevin mccarthy how that gap could be

closed. listen to this response here, especially from mitch mcconnell. watch. >> you won't find any republican that's going to go raise taxes. i think it's the worst thing you could do in this economy. >> yeah, we're not interested in reopening the 2017 tax bill. we both made that clear to the president. that's our red line. reporter: that is our red line, a very interesting, i guess, to say the least, answer there from the senate minority leader, liz but we do expect to hear from president biden shortly talking about this asip decision and again we'll see if he's asked about that big meeting in the oval earlier today and what might have come from it. liz? liz: yeah, blake burman, thank you very much. more questions we had right here , programming note, we've got to stay with fox business, today, 4:00 p.m. eastern, that's in six minutes for those of you who can't do math, kudlow and

his special guest house minority leader california congressman kevin mccarthy obviously big news out of d.c., dow jones industrial folks now down 709 points and falling, the nasdac losing 371. again, the inflation scare really has the bulls running away from the big moment here, stay tuned. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ . .

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with cane, anderson. what are you doing on this, julie. buying? >> we're sitting put. most of our businesses are high quality businesses and they are well able to with stand market shocks like this. we're staying put. we're happy with our relative outperformance. quality tends to do well when we have this level of uncertainty. liz: julie, there is always a trade even on an ugly day like this which was spooked by inflation. what is thatp opportunity you see? >> i think it is really important to protect yourself in this kind of a market. if there is inflation, we're focusing on businesses with pricing power. pricing power can be a great proxy for level of market control and quality of businesses. we like a business like fair isaac which does fico scores. they have been raising prices steadily. that is where we're really focusing businesses that can control their situation even in a challenging economy.

liz: julie, we want to have you back. it has been a very busy session and we need your intelligence. [closing bell rings] julie biel, folks. dow industrials losing 670 points. the worst three-day loss since october 30th. the same for the s&p. ♪. larry: hello, everyone, welcome welcome back to "kudlow." i'm larry kudlow. after coasting for four months on donald trump's coattails, "operation warp speed," low tax, minimal regulation and energy independence economy, now all of a sudden president biden is starting to feel some pain. the guy has had kind of a sloppy week or two, hasn't he? the jobs numbers didn't pan out.