are in short supply in america. this may just be the tipping point for america. charles: you know, ironically, south korea's president's coming to the white house, and he's actually going to offer chips for vaccines. that's going to be an interesting one. beverly, always enjoy these segments. have a great weekend, my friend. we're edging a little bit higher. liz claman, i tell you, it's been a crazy week. there was so much action. liz: we like crazy. [laughter] because i am -- [laughter] you are too. we'll take it. you know what? if the nasdaq is finally going to break its four-week losing streak, folks, it is all going to come down to this final hour of trade. the nasdaq will crack that streak as long as it falls fewer than 107 points, right now we're down just 26. plus, it is the one of the tech-heavy index's top stocks that's in the harsh spotlight at this hour. take a look at apple, at the moment moving slightly lower.

ceo tim cook flashing the peace sign before entering a courtroom war to defend his tech titan and its app store practices against fortnite maker epic games in one of the biggest antitrust battles of the year. app developer john meyer and market watch's jonathan schwartz who have been covering every minute of the courtroom action are here to game which side drew blood. breezing back into the air, airline industry titan david neeleman making, this is unbelievable, his fifth flight into the airline business, created five airlines, and this time it's not new york or l.a. getting attention, why he is betting on the town that walmart, the football hall of fame and mardi gras reside in. and we look at the s&p once again losing steam today just about the same time that bitcoin began to nose dive once again after a tumultuous week for

cryptocurrencies. bob doll is here to tell you what to do to position yourself to ride out the markets and cryptos' ups and downs. even if you don't invest in crypto, there now an undeniable correlation between stocks and digital coins? breaking news, the entire tech world glued to their devices watching the trial that may redefine the u.s. antitrust landscape. apple shares down about 1% right now. apple bringing out the top gun ceo tim cook today in federal court in oakland, california. no cameras allowed, that's why we're showing you court photos here, court drawings. he is still testifying right now in the trial versus fortnite maker epic games. now, end ping is battle -- epic is battling against apple's app store policy demanding its app meet the guidelines, specifically a 30% commission saying it should be allowed to have its own payment technology within the app store. cook vigorously defending the app store saying it now has 1.8

million apps and created among 2 million jobs, calling it an economic miracle adding, quote: it's likely been one of the most important jobs segments out there in a growth point of view over the last decade. okay, but what does that have to do with the trial? well, let's get to susan li in the fox newsroom, she's been following the trial. susan, yeah, i mean, absolutely it's created jobs. it's created a whole ecosystem, certainly, but does that even begin to address epic's claim? and there are a lot of other companies that feel that way too. >> reporter: $500 billion in business done each and every year through the app store, and tim cook after three hours on the stand still continuing at this hour. a short break in between. as you see there, cook managing to sidestep the entire media stakeout that was right in front of the courtroom and the courthouse. he apparently went through the garage, but we did manage to get some footage of tim cook flashing the peace sign before he head into the elevator there.

we just heard cross-examination between tim cook and epic's lawyers. interesting points here and questions back and forth especially when it comes to china the, i thought that was really interesting, and the reference that epic's lawyer made to that new york times investigative piece about china and the user data that's being stored there on servers. those data centers in china. tim cook, in response to some of these questions, bring up the quote for you, saying you have to comply with the laws in the jurisdictions that you operate in. there are there lots of other smartphone sellers that sell in china. epic games is 40% owned by one of china's largest internet companies called tencent. another back and forth that i thought was interesting and heated, it goes back to being google's default engine on the iphone, and the cross-examination, the prosecutor there was asking -- defense, actually, was asking if that means that there is collusion, if there's a partnership or if apple favors

certain companies. and to that, tim cook says if you're asking if google pays us, yes, and i think that's a fact that everybody understands. epic trying to point out that maybe apple gives preferences to other companies. and you talk about the in-app payment system and technology, well, if we could bring up the other tim cook quote here, he was asked also why apps like epic can't accept in-app payments or point users to web sites for better deals. cook said it would be akin to apple down at best buy saying put in a sign where we are advertising that you can go across the street and get an iphone. in terms of the actual payments, 15-30% commission, yes, that was addressed as well, and that's president bush what you pay if you're -- pretty much what you pay if you're going on the google play store for your android devices. we should point out that epic's ceo and founder really kicked off the entire trial with his testimony on day one. now, of the lawyers that i spoke to, they said it was hard to

hear, he wasn't that convincing, and there wasn't that much conviction in his argument, and really it's epic that has to prove their case. it's an uphill battle to prove that epic has the point here. liz: yep, they sure do. they sure do. susan, thank you for setting this all up for us. let's broaden this here. the entire tech world is taking sides in this battle royale. market watch senior reporter jonathan schwartz, he's been covering every second of this 11-day style, and starship managing partner john meyer, the famed flashlight app which apple outright bought. i will begin with jonathan, epic ceo tim sweepny said apple -- sweeney said apple's making more than the developers are. apple's a monopoly, today tim cook's testimony goes into the crucible. what came out today that you feel could sway the judge, if

anything? >> well, you know, it's interesting, right now as we're speaking the judge is pressing cook, and she's making some pretty, pretty damning comments. i mean, one thing she said earlier today before cook was even sworn in was that she had problems with the 30% commission fee. she thought it was out of whack compared to some of the other on line stores. and she also just basically said to cook, and i'm quoting her, doesn't seem to me that you have competition or much incentive to work for developers. so she's finding some holes in the argument. now, i'm not saying she's going to rule in epic's case, but i'm saying she's trying, she's been studying it very, very thoroughly, and she knows this topic cold, and she's asking him some very uncomfortable questions that he's having problems answering. in a sense, it kind of gives me this impression although she may not rule in favor of epic, she might be thinking about apple changing its commission fee structure in some manner when she does rule on this later, in

a couple of months. liz: yeah. well, a good judge doesn't show his or her cards at all. they're tough on both sides. john meyer, let me bring you9 into the conversation here. you have been an app developer since the ripe old age of 17. you've developed more than 40 apps. tell me which side you come down on. i know which side it is. why? >> i thought about it very carefully, and, you know, i really don't see what all the fuss is about apple's fee structure especially now that apple's brought it down to 15% for the majority of the app developers. as long as you're making a million dollar it ises or less, it's only 15%. and apple is putting in billions of dollars into developer tools to actually make it possible for any average person to just pick up a computer or borrow a computer and make an entire livelihood off of creating and selling apps. it's a game-changer. it's created an entire economy,

and i don't see the fuss about the fee structure. liz: well, let me back it up here. you know, back in july a company called basecamp, the founder, he was on the show. and he is outraged. you know, he had said that the whole fee structure favors the big wigs and certainly does not favor the little guys and that apple plays favorites on these commissions. is so listen to what he said, and then you can comment. >> apple's asking us for 30% of our revenues and telling facebook, oh, you can pay $99 a year. amazon just made a sweetheart deal for the amazon prime video source, without paying 30% as well. it's a specifically designed marketplace that takes advantage of the weakest. liz: john meyer, you know, you listen to guys like that, it's the most expensive toll road on planet earth.

>> you know, i think it's the most expensive toll road on planet earth if you're not taking into account the tools and services being provided to you for free to actually create these apps. that's the problem. and i think it's a bit ill-informed to have such outrage against the fee structure when, you know, you're not the programmer at the bottom using the software that apple is building to allow you to be the creative engineer or software developer that you are. and, again, the fact that apple provides this for free is the game-changer. and that's what i think should be, you know, you should be focused on, the payment developer should be. liz: well, nothing's free, okay? [laughter] let's just be clear about that. so, jonathan schwartz, what about what john just said? and on top of all that, which companies aside from apple are shaking in their shoes waiting on this verdict here? >> well, the two companies that i think that are watching it the

most closely are spotify which has taken action against apple in europe for the same reasons and microsoft which is very interesting because we have one of the microsoft executives testifying in the trial, and we have a number of people with ties to microsoft who are abetting epic. this has really gotten under the skin of apple. apple thinks this is ultimate hypocrisy coming from microsoft. microsoft is a competitor with apple in this area, has something to gain. one thing i want to mention isal though i think apple is most likely to win in this case, i think what epic's ultimate goals are to get -- rile up the public, rile up developers and speak out against apple and most especially to get congress to enact some sort of antitrust law. i don't think the judge in this case is going to issue a decision that has any material impact on antitrust because there's a very good chance it will be overturned later. liz: john, listen, i give credit

where credit is due. andrew ross sorkin did an unbelievable interview with barry diller earlier today, he called it disgusting, what apple does. and he was not born yesterday. he is a billionaire. he understands finances and all kinds of economics. you know, you've got to tell me who's right here and who's wrong because barry made a very compelling case against apple's 30% commission. >> it's very simple, if you are a company like apple and you're putting billions of dollars per year into developer tools and developer ecosystem, they need to make that money back somehow. and i don't think there is an unfair system at play here. i think the range of 15-30% is more than reasonable to have access to free developer tools to create products on the app store. and more than that, of to have access to the billions of apple devices like folks like i have

to distribute our software to the entire world. so i'm not complaining. i've made a huge livelihood off of this, and i think apple's, apple's take in this equation is more than fair. liz: you know, when they invest and they build the darn thing, i can see both sides here. john schwartz, john meyer, great to have you on this discussion. again, as we watch apple's stock, it is the moving barely lower at the moment. crypto, though, crashing again at this hour. so what today caused bitcoin to turn tail this afternoon, and why did the s&p follow? at least momentarily? well, we are going to bring in longtime market guru bob doll who's getting in the chair to give the threat assessment. plus, will the frantically-waving inflation flag force the fed to taper? he's talking about all of that. bob doll opening his playbook

when "the claman countdown" returns. dow is up 183. ♪ ♪ did you know you can go to libertymutual.com to customizes your car insurance so you only pay for what you need? really? i didn't-- aah! ok. i'm on vibrate. aaah! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 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

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♪ liz: to the markets. take a look at the dow jones industrials right now, on pace to close higher for a second is straight day, gaining 192 now. high of the session, a gape of 331, so we're slightly off that. s&p a little bit under pressure if, still up 7. but the nasdaq is getting hit by weakness in big tech and momentum stocks, so that one's down 24 points. need to get to taper talk, right? this is a fed term for scale back its stimulative bond buying that it's been doing since, of course, the worst of the pandemic. 9 another federal reserve voice has joined the chorus of those saying the fed should start talking about talking about tapering sooner rather than later because we're seeing inflation, rising prices. philly fed president patrick harker said that unwinding the fed's $120 billion a month purchases would be the first step in removing the support that the fed is pumping into the economy which is getting stronger, right? that echoes the sentiment dallas

federal reserve president robert kaplan has been saying for several weeks. just over an hour ago, edward lawrence pinned him down for an exclusive interview. listen to what he said. >> i think we'd be wise to be, begin talking sooner rather than later about adjusting our purchases. i'm not going to put a calendar date on it, i'd just say sooner e rather than later, and you can draw your own conclusions. but these tools, these purchases were put in place last year. they were very appropriate then, but as we're transitioning out, i am concerned about excesses and imbalances in the economy in risk taking. it's certainly in the housing market where i think we ought to begin discussing the efficacy of these purchases versus some of the side effects and up intended consequences. -- unintended consequences. liz: which would be inflation and rising prices. let me bring in bob doll, former chief equity strategist at new

bean. bob, he's out there alone. nobody aside from now patrick harker really saying anything, but what is your best guest about when we start to see taper talk? >> i think the markets will force them to have that talk if they don't voluntarily go there, liz. as you know, the fed for months now has been sort of banking for some inflation, and i think we're going to wake up and realize the era of 0-2% inflation is in the rearview mirror. so they have to start talking about it otherwise the markets won't like it. thankfully, they did earlier this week, as you pointed out. liz: yeah. >> sorry. liz: and you anticipate if they do, the minute they say that or try and hint about it, the market will spasm and freak out and have the tantrum that we saw the last time this happened? >> i think they're going to have to thread the needle to not have some of that happen along the way. look, they leaked -- not leaked, they talked about it in their

commentary this week, and markets really didn't sell off. now, having said that, i would just look at the s&p 500 for the day, for the week, for the trailing 30 days is flat. the nasdaq's flat for three months. so i think the markets are starting to say, you know, this tug-of-war, good economy and good earnings on one side, but the fed -- i.e., inflation and modestly rising rates on the other -- is now a tug-of-war. it's no longer just green lights. liz: yeah. and, look, we don't know. who knows what the fed going to do, but we do know this, but if you just look at that intraday nasdaq picture and the intraday of the s&p 500, both had been higher, and then this afternoon you started to see a little bit of wiggling and wobbling. and specifically with the s&p which has now gone back to the upside. it all started to happen as cryptocurrencies suddenly turned around and headed south. see that point right there on the s&p. we talked about this yesterday and a couple days ago about this

correlation, it appears, between equities and crypto lately. are we crazy, or are you starting to see that too? >> i don't think you're crazy at all. look, prior to the big selloff earlier this week in crypto, they do have a whole lott to do with one another. but this is a big part of the market, some would say a big part of the speculative market, liz. it's going to let some air out of the tires there. inevitably moving into letting air out of the fire tires for equities especially those high fee stocks which seemed like a straight up for years. liz: today uptoe began to flip out again today -- crypto began to flip out again because once again china opens its mouth and again just reiterated its old position, this time focused on mining saying bitcoin mining is banned. i don't know why this is just so

incredibly volatile, but tell me now what you think about this. people this week decided, you know what? we're out for the moment. it was the first week in 15 that funds showed an exodus out of stocks net-net. domestic equities down, s&p, the spider etf lost about 6.1 billion. people got pretty darn scared in the past seven days. >> they did, liz. and, look, i don't want to come across as bearish with economy earnings as strong as they are. but as you're pointing out, it's been a one way street, and the speculation, the froth measured lots of different ways certainly crept into the market, and we're trying to take some of that out. i think that's what you're seeing with the flows you just talked about, the selloff when crypto gets in the way, the flatness of the markets that i've talked about over these past periods. so i think we're back to this it's not a one way street.

it's going to be a tug-of-war, and one day we'll feel good because it's green, and the next day we'll feel not so good because it's red, and i think there's going to be a lot of oscillation which means you've got to get back to owning the right stocks, avoiding the wrong stocks. liz: what is your rule of thumb when it comes to picking stocks, bob? >> yeah, i think, look, the environment is still a stronger economy. and the cheapness of cyclicals and value, if i can use that nomenclature, relative to the opposite -- that is, defensive and growth -- is still there. so i'm a buyer of those cyclical, value stocks believing the economy's going to be okay. they have sold off a bit recently because they went up so much. so i think we'll get some -- i'm not saying go out and sell every high growth tech stock, liz, but just have balance in your portfolio. liz: bob doll, so great to have

you on a friday no less, on a rocking friday. now you've got the dow up 215. so we're going even higher. i'm giving it to you for the moment. see you next time, bob. >> enjoy the weekend. liz: anytime. we are coming right back. please keep in mind the nasdaq needs to be down fewer than 107 points to turn positive for the week. might we see it? we are there right now. ♪ ♪ take 1. ♪ you say ♪ ♪ i got a crack in my windshield... ♪ uh - uh, lisa, maybe less heartbroken? geico lets you file a claim online, over the phone or with their app. ♪ that makes me wanna say... ♪ ♪ stay... ♪ (sniffles) are...are you crying? uhh, there's pollen... geico. great service without all the drama.

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♪ liz: okay, so right around this time yesterday shares of luminar technology suddenly started popping as photos of a tesla car testing the company's lidar sensors which help autonomous vehicles see made the rounds on twitter. laser immediately jumpedded 11%, today the stock is pulling back by 6.4% because, folks, it was just a picture. speaking of tesla, speaking

before a russian conference -- and, no, shirtless president vladimir putin was not in attendance, but we just like to use this opportunity to show -- [laughter] vladimir putin. elon musk said he's actually close to establishing a presence in russia and is looking at whether it could open factories there. meanwhile, shares of ford zooming again after the unveiling of the f-a 150 lightning, the electric version of its best selling pickup. the news took a toll on lordstown motors over the past couple sessions, the ev truckmaker set to launch its light duty pickup this year. tesla down about a third of a percent, ford jumping 7.25 %, lords down down two-thirds of a percent. lordstown. let's great to gerri willis for today's fox business brief. hi, ge are rri. -- ger are rri. >> one day after spiking nearly

19%, the oprah-back oatly jumping another 9%, take a look, shares traded as high as $22.74 yesterday after initially pricing at $17. apparel giant vf corporation taking the bottom slide on the s&p 500 today, slipping 7%, a little more than that, even after topping revenue expectations and lifting forward-looking guidance. the company behind brands like vans, the north face and timberland said the majority of its supply chain is operational while there have been some isolated product delays. vf on pace for its largest percent decrease since april 2020. and from the bottom to the top, boeing taking top spot on the dow after announcing plans to boost production of its 737 max next year. according to reports, boeing plans to raise production to as many as 42 jets per month in the fall of 2022. shares are up, well, nearly 4%.

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♪♪ liz: beyond its devastating human toll, covid-19 left a huge, gaping hole in the skies over cities across the united states. cities left in the dust by airlines that had to frantically cut costs by killing off short haul routes. akron, ohio,al a ma zoo,

michigan, lincoln, nebraska, scranton, pennsylvania, all were left grounded after major carriers from delta to american airlines shuttered their operations to and from those cities. but enter the cavalry. the founder of jet flu and three other air start-ups now throwing his fifth airline hat into the ring with perhaps what might end up being his most in-demand creation. breeze airlines is looking to service is mid-sized cities, kicking off in six days with one-way flights starting at $39. breeze ceo, founder david neeleman. david, you're live in charleston. we came up with that word during our morning meeting, the airpreneur. it's perfect for you. >> it's something i love to do it because i love bringing people together. i've got a great team of people that i've been with for years and some new ones, so it's exciting. it's really an exciting time for

all of us. and to the people in these cities. you know, people talk about $39 fares, it really has much to do with convenience. if you can fly from richmond to charleston and get here in less than an hour when it would be a nine-hour drive and/or connect to a hub somewhere, you know, it makes a big difference in people's lives and in communities. it's important for them. liz: we're looking at this map, and you are going to service a lot of cities that had been hubs or at least spokes, right? the spoke and hub theory with a lot of these airlines, had been spokes for the big airlines which, of course, when covid hit, airports shut down. people were not traveling. they had to figure out a way to stop the cash burn, and their first thought was let us cut out these smaller routes. now you are coming in here at a time where people are rearing, requiring to travel -- raring to travel. you just opened your web site this morning to start taking customers. tell me how sales are rolling

in. >> awesome. awesome. higher -- much more than i expected. it's crazy. we've got thousands of bookings. i mean, i was doing an interview with a reporter out of richmond, i just took my family to charleston, can i can't believe what i got the fare for. people are just sending me messages. the app's working great. the technology's working great. we are a technology company who just happens to fly airplanes, that's what we're saying. but, you know, it's really -- i can't wait to do this because, you know, these cities that we're serving, we were going to do this before covid are, and these were all spoke cities, like you said. sometimes the spokes don't have service at all which, you know, i can't wait to get into some of those cities. but you have to make that connection, and now you can just go straight. it creates, you know, we generate 20 times more traffic than we would ever take from someone else because people can go less expensive.

my motto is we'll get you there as fast for -- twice as fast for half the price. liz: these are airbus jets. the first cities that you are going to service are going to be the charleston, hartford and tampa, as i understand it. and every week you're going to be adding along for july. talk to me about, as we say $39 one way, what do i get for that? i know you have two different classes. you have nice and nicer. that's -- [laughter] not very creative, but define nice at $39. >> well, obviously, that's a promotional fare. but even when we get going, we're going to have fares that are not much more than that because we have -- we keep our costs low so so we can pass the savings on to our customers. we're starting with the 118 passenger planes that we'll be flying up and down the seaboard and around the southeast to the

small and medium-sized markets. and then in october we start getting the brand new 220s, airbus 220s that can fly five hours, have a lot longer range. and those will have -- we're going to announce it, but we'll have where you can upgrade. lots of exciting things going on. but you're right, we have 16 cities. 39 routes by july, so that's, that's a quick start-up. we'll be bring thousands of people -- [inaudible] liz: talk to me about the pilot situation. we know in this country this is a pilot -- there is a pilot shortage. a lot of pilots retired, they were just done with it. they couldn't deal, they couldn't hang on. do they go through the exact same training, and at $39 -- i know it's a promotion -- what are the salaries? are they competitive with salaries of other regional

airlines? >> yeah. certainly, the pilot pool that we have is great. there was a shortage of piles before covid, and now there's a lot available. we pay more than the regionals do, so those pilots -- a smaller version of it, we fly the 190 and 195, so we have lots of applicants, really great pilots, and it's -- when you have 50 applications for every job opening you have, then the you can get quality and. of course, the f ark a rules -- liz: wow. >> -- amazing. our air traffic system is, you know, so safe. so, yeah, we've got great pilots, and they're doing, they're doing a great job. you know, just going through this whole faa certification process, very few airlines have done it in the history of aviation.

we didn't buy a certificate, we started it from scratch, and our people proved proficiency and, you know with, happy to have that air certificate, and we're ready to roll. liz: right, right. start-up from scratch airline. i like that. before we go, i've got to ask you because this looks like a perfect time when all of the spokes have been e eliminated by the carriers for you to start this, but the timing kind of works the other way when it comes to jet fuel. we just had this colonial pipeline that caused certainly outages because of the ransomware, but jet fuel goes to and from that as well. we started to see the entire energy complex rise in price. are you worried with about jet fuel prices? >> always. you know, we're in the airline business, we can't live and die by that. but these routes are shorter. when you have longer routes, you're more fuel-intensive. it's a small percentage of our costs. and by the time we get to 220s, they're the most fuel

efficient planes in the sky. we're still praying for it to stay low, so, you know, it's a good hedge. so, yeah, we'll keep an eye on it. but i think there's enough supply down there, i think it'll settle in. we're okay with it. liz: all right. well, let me know when you start the service to columbus, ohio. i used to live there. i left a little bit of my heart in columbus, ohio. thanks, david. great to see you. >> great to see you, liz, as always. liz: david neeleman, the airline is called breeze. he is intrepid. crypto's crashing back to earth. we now have bitcoin down $4,601 to a 35,815. ethereum is pulling back by 17%, same with light coin. what is having the biggest impact is in is it china's crackdown or the possibility of u.s. regulation and crackdown? the charlie breaks it next.

and michael kerr win dropped out of college with a nuttied idea of, hey, let me package and sell coconut water. that was 16 years ago when there wasn't coconut water in the u.s. today he's got vitacoco. it was a bumpy ride. he has a learning disability, but he also has this, the ability to not hear anyone talk down his dream. everyone talks to liz is my podcast. you've got to hear his story. it's available on spotify, apple, google, anywhere you listen to podcasts. closing bell 15 minutes away. the russell 2000 having a good day here, up 12 points. the dow moderating just a bit, still up 139. ♪ ♪ and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended.

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♪ liz: breaking news, apple ceo tim cook has left the building. here he comes out the elevator this time at a california courtroom in oakland. he just testified, took the witness stand for the first time -- oh, the second peace sign. okay, he did the peace sign before, and now he's doing it once again. listen, he has just taken the witness chair for the first time ever in any trial. was it a peace sign or v for victory? who knows? closing arguments are on monday in the 11-day trial. but toward the end of the testimony, the judge in the trial asked about the lack of competition for in-purchases, and tim cook -- in the-app purchases and tim cook basically said the app store is a miracle and it helps a lot of young and small developers get on the ap. apple's shares down about 1.5% at the moment. let's get to this

cryptocurrency e situation. china's crackdown is really crimping crypto style. not cramping. crumple crypto's style. hedge funds adding to the doom and gloom as they predict regulations will slam bitcoin. but regulation from whom, charlie? is it china? we already knew they hated bitcoin and crypto. >> i want to get through these headlines really quick because there's a fascinating battle brewing between rich greenfield, the veteran analyst, and amc. i know you had the ceo on the show a while back. so you'll be interested in this battle. listen, there's a couple things going on here. there's regulation from the u.s., there's increasingly, i would say, skepticism among hedge funds, they're lightening up their positions here for pending u.s. regulation more than the chinese regulation. and, you know, when you talk to hedge fund investors, they say that the 37,000 price that's here right now does not reflect

the potential regulatory intervention the biden administration could put on crypto. new, they could see it selling down to below 30 before it starts to stabilize. at least that's what my hedge fund sources are telling me. bewarely here. it's going to be a lot of volatility. it's more than just china. janet yellen, they're talking about an irs crackdown, so you have to factor in some of this stuff. let's get to what's going on with rich greenfield and amc. this is fascinating. it's all over my twitter feed. you can go to @cgasparino and see it play out in realtime. he's saying this, because he's very much of a bear on amc stock -- i think he had a one cent price target on this because he thinks -- liz: yep, yep. -- movie theater business is not coming back, that amc is essentially retaliating against him and encouraging, was the words he used, including the management, senior management and the ceo

are are encouraging the vicious online harassment he's getting on twitter day in and day out. by the way, his -- the online harassment, i mean, we all get it, obviously, you know, people don't like what you say, and it hurts their stock position, and they take it out on you. it's disgusting. twitter puts up with that, maybe that's why -- probably why they can't sell to disney and why the price of twitter is where it is, because it's such an unwholesome atmosphere. but rich went further than look at these trolls attacking me, these meme stock trolls, these people that love the -- liz: wall street bets, yeah -- >> it's more than that. he is saying that ceo adam aron is encouraging. did i get that name right? there he is. he's encouraging the online harassment and threats and that with these despicable, disgusting memes that they put up. we've asked mr. aron for a

comment, we've asked amc for a comment. they have not given us a comment. but, you know, here's the thing, liz, what makes this an interesting story, i've never heard an analyst say that the ceo of a publicly-traded company is encouraging online harassment so he changes his rating. this is a story that's going to keep coming. a back to you, liz. liz: charlie gasparino, very interesting and breaking, as always. "claman countdown" is coming right back. dow still up 180. we are watching the nasdaq, folks. we need to see it down fewer than 107, and that is where we are at the very moment. we're coming right back. ♪ ♪ ...

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hi, i'm debra. i'm from colorado. i've been married to my high school sweetheart for 35 years. i'm a mother of four-- always busy. i was starting to feel a little foggy. just didn't feel like things were as sharp as i knew they once were. i heard about prevagen and then i started taking it about two years now. started noticing things a little sharper, a little clearer. i feel like it's kept me on my game. i'm able to remember things. i'd say give it a try. prevagen. healthier brain. better life. at fidelity, you'll work with an advisor to help you build a flexible wealth plan. you'll have access to tax-smart investing strategies, and with brokerage accounts online trades are commission free. personalized advice. unmatched value. at fidelity, you can have both. liz: well now the s&p has just turned negative. we had a strong start out of the gate today, but today's green arrows for the dow, not

quite enough. we do have the s&p down 4 points the nasdac down 70 both the dow and s&p on track for their second straight week of losses. now the nasdac, though minutes away, from snapping a four-week losing streak what have i been saying its got to be down fewer than 107 that's where we are it looks like the nasdac will crack that losing streak. let us focus on the nasdac and the tech-heavy names as we watch all of this breaking news where should you the investor be looking right now, now that big tech stocks are i guess moment by moment, out of favor we're bringing in people's united advisors john trainer, 9 billion in assets under management. what about big tech? in, out, which is it? >> you know, we like big tech but we've been telling our clients, really since the late last year that, you know, they've gotten ahead of each other, and the stocks have done very very well, so where you had the big five stocks, we thought this year be the story on the

other 495 and that's what we're seeing. if i look at my quote, financials are doing well, industrials are doing well and the tech stocks are lagging so good businesses but the stocks got ahead of themselves and they are taking a breather here. liz: well, yeah, and there you see , john likes names like mcke sson, but give me a sense of what is your guide with one minute left to trade here, what is your load stone, or touch stone when it comes to exactly where you decide whether to be in or out of the markets. >> what guided us, and you're asking an excellent question. what guided us was number one, our macro view, we took a look at what the fed was doing, we took a look at what was happening with the vaccinations and we said the macro environment, the back drop for this economy is going to be strong. therefore we want to stay invest ed our portfolios are actually current overweight echosystem it equities by 5% and we think we should remain for

the rest of the year. equities are the place to be but think about the other 495 stocks when you're building your portfolio. liz: got it. you know, john's got 9 billion in assets i am listening to him a lot of experience under his belt. folks there we hear it, the closing bell. [bell ringing] liz: the nasdac cracked that four-week losing streak and its crimped your style. larry: hello, everyone. welcome back back to "kudlow" i'm larry kudlow. so last weening we had a great conversation with republican senate leader mitch mcconnell concerning, among other things, the legislative outlook for president biden's massive tax and spend so-called infrastructure bill. here is what the senator said. >> if they're willing to settle , or a targeted infrastructure bill, without re visiting the 2017 tax bill, we'll work with them but