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tv   The Claman Countdown  FOX Business  May 25, 2021 3:00pm-4:00pm EDT

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dia after the clerk buy, sell, or old? >> take a little bit off the table right now, we could have the news we've seen that before, great stock, but ran up quite a bit. charles: i agree with you, if you're going to hold it, if not maybe get good entry point. ken you're the best, liz claman, i've been using the word meander ing, we're waiting for something here. liz: okay i'm thinking push me, pull you, right? there is a big push me, pull you moment going on right here, between the wall street bulls and the wall street bears they are locked in sort of this volatile tug of war as we head into the final hour of trade. right now, the bears have a very slight advantage. the dow, down 59 the s&p down 8 the nasdac, we'll call it flat because just a second ago it was positive. could traders maybe already be looking away from their screens and ahead to the memorial day weekend plans?
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airbnb ceo brian chesky is here live to rollout 100 new ways airbnb is introducing to make travel plans easier, and all bianco the 42 languages his site is now adding, so that his customer service reps can help everybody. plus, what would sum summer be like without ice cream and what if you left out the cream part of ice cream? it is the hottest new dessert trend worth hundreds of millions of dollars and the founder of kind bars is about to reveal his new line of plant-based frozen treats on count down. can we get heat to a crowded field with unique flavors? stick around you get to be the judge and big business throwing up a blockade on an infrastructure deal, former ubs america chairman robert wolf on the pathway he might see to fixing the nations roads, bridges and tunnels without raising the corporate tax rate, let's see , but first
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let's begin with this fox business alert folks we're looking at three stocks, companies that were not only big winners during pandemic lockdown , but are now shifting color and shape to take the lead on the road to reopening. you call them flex stocks as well. vista outdoors, the people behind camelback camping supplies they were here just a week ago. well they were big winners as those shut out of gyms discovered the great outdoors and now they are hooked as we head into summer. that stock right now, down about 1.6% but it has had a really strong run. uber, the ride hailer survived lockdowns thanks to its uber eats food delivery arm and now it'll turn to its ride hailing side of the business as people flood outside to dinner, drinks at the ballpark and they will need rides uber technologies moving higher by 1% and of course the number one cam eel john or flex stock, that be amazon, folks stuck at home, ordered off the e-commerce site
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and watched prime videos and at any moment the streaming giant could announce the deal to become the owner of mgm studios that is the big report it will spend around 9 billion for it. well the sector that could not change its stripes during the pandemic and suffered greatly is an absolute winner at this hour. airline stocks flying right now, you've got everybody moving higher, united, american, delta, they are all seeing blue sky scenario after delta ceo said forward bookings has now returned to 2019 levels. that's the message airbnb is ready to announce the home rental giants bookings have scratched back to pre covid levels and the stock trading just slightly lower at the moment but well off the februar. and airbnb now at 134 let's bring in airbnb ceo brian chesky who joins us live with 100 reasons why the company is ready for a major comeback. brian let me start with this we're three days away from memorial day weekend.
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you guys get realtime data. let me just throw this out. how do bookings look over say the past 24 hours? >> well, probably don't have any updates over the last 24 hours but what i can say, liz, is this. most recently we've been at 201e the recovery of cross border travel and before the recovery of urban travel. cross dashboarder urban was 68% of our business in 2019, so as borders are reopening and vaccination rates are rising we think this is going to be a farrell l rebound unlike anything we've seen before, certainly in my lifetime but probably in the last century. liz: i would definitely agree with that because you've never seen such an immediate stop to travel due to this unprecedented lockdown, and then suddenly, we're now reopening after quite a long stretch of people just dying to get out there. do you have any kind of metrics you could sort of open a window to for our viewer of what's particularly hot at the moment when it comes to the reopening
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as you see it through airbnb? >> yes, i'm seeing three things and this is what we're seeing based on, you know, like a huge data set. let me frame this. i think the world is, the world's never going back to the way it was before the pandemic, and that means i don't think travel is ever going back. travel is back, but it's a little different than before. there's three things i'm seeing. number one, people, when they are traveling, they are more flexible about when they go. they used to be that they were very specific windows people would travel, but now, more people can work-from-home, it means they can work anywhere and so there's a lot more flexibility so yes people are going away for memorial day and the 4th of july but also booking all summer long and after summer number two, it used to be people were going to just a few destinations. they would go to las vegas, new york, orlando, you could think of the common destinations. now people are traveling everywhere getting on planes but also in cars, going to small towns, rural communities going to national parks, so there's a major travel redistribution
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which i thivelly good for tourism and economies around the country and the third thing is people are traveling and staying longer. almost a quarter of our business is now monthly rentals by room nights booked so when people do travel they stay longer. these are the big trends i'm se. liz: you announced 100 new upgrades, updates all kinds of things. i went through all of them and i find them really interesting and let's say the first i'll call it 40 arrival guides. i rented an airbnb and it was on my hopes, shoulders and he did it. he had a whole thing written out how to log on to the wi-fi, how to turn on the tv, et cetera but now you're making this across-the-board here, you've got new attributes. can you give people an example of some new attributes, meaning extras that some of these locations are now offering? >> yeah, so you know, we're as good as the data we have about the home so if the home has like a really interesting amenities like i don't know like
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imagine it has like a game room for kids or its got special amenities if you bring your whole family its got like a special library so there's all different kinds of amenities that you can be able to add. you can obviously update your description but we're continually adding more filters. the whole system works on structure data so we're going to continue to capture more organized information from host and then when you search we'll be able to match you with that information. that's basically the vision of where we're going and the other thing i'd say liz is what we're trying to do is just make it even easier to use airbnb. what we ended up doing was we made it really easy to book someone's home and we made it easy to list your home. the easier we make it the more people will do it so that's what these changes are. we think there's a huge travel coming and we want to be ready for it by making travel easier on airbnb. liz: you've done something that really indicates how global you truly are and that is you've added 42 languages to your customer service representatives so that people can, you know, communicate in any language, and it includes everything from esto
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nian, to latinovian, greek to hebrews, these are really interesting languages, which must indicate to me, you have a very global audience here what do you think that will add to the bookings for your site? >> well, i mean, it's a long term investment. i think what this really said is we were getting a lot of bookings and a lot of languages. we're probably one of the most international companies in the world. we're in 220 countries and regions, in nearly every country in the world right now so before this we were in 11 languages. now we're in 42 so what i think this is going to do is it's going to provide peace of mind to people all over the world that they can get help and they can get help in their native language quickly. liz: brian, you got to make a case though for the stock, because the stock has lagged certainly since you went public in december it's down about 6.2% , down 2.5% year-to-date down 22% this month. to me, i look at this and i say
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you are really projecting an incredible recovery here. when do you think that might be reflected in the stock, and overall, make the case for picking airbnb for somebody 's portfolio versus say an expedia, which has, you know, what is it i don't even know but its got its own home rental vrbo and booking.com, which encompasses the whole travel echosystem. make your case. >> [laughter] well, you know, the case i'm going to make is to customers because i feel like if we can make a case to the world to use airbnb, then this is going to be a service that people need to use, and then it'll be a stock people need to own. what i will say is this. i think that we're really in a category by ourselves. there really isn't another company like airbnb. airbnb is used as a noun and a verb, in countries all over the world. we're a global network that is in 220 countries and regions and most until companies in the world. we have 4 million hosts.
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90% of them, 3.5 million are individuals that stick with us. host churn is down, and this , i mean, if you want to have a very simple way to think about it our bookings are at where they were, we reported and our earnings that our bookings were our bookings or revenue was approximately where it was in 2019 and this is without cross border travel recovering, and this is without urban travel recovering. the two of which were the majority of our business, before the pandemic. so we think there's so much head room and by the way, that's just travel. a quarter of our business, by room nights booked, is not even travel. it's longer than 28 days. you see we're living in a world that is beyond the old model of travel. we're living una world where people are more flexible. they aren't just going a few nights here and a few nights there. some people say i want to go here for a month or two. that's a whole new category. how big is that industry? nobody knows because it's emerging right in front of us but i think there is just so much room to grow.
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this is a company, we're just 13 years old. we are literally just getting started one of the largest industries in the world. liz: i need to go for a month to bora bora to do some heavy duty stock research i think. tahiti, brian, nobody does it better than you guys thank you very much, we'll be watching you and airbnb shares and the business. brian chesky. fox business alert, it is the spin-off sailing to take off video sharing platform vimeo getting its wings clipped on its first day as a standalone publicly-traded company. the stock is moving lower at this point by about 16.5% after parent iac known for growing and then spinning off very successful names like match group, tinder, okay cupid, pushed vimeo out of the nest and as as they lose altitude so does iac, and pulling back 5.6% and the entertainment empire stands at $159.58 but pot name,
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canopy growth shares lighting up after mkm boosted its rating on the cannabis titan, to an out right buy, canopy moving higher, and mkm planning hopes on canada regaining steam as our neighbor to the north reopens its economy weed rivals aurora cannabis are also feeling the bullish hi, better by 3.9% aurora cannabis speaking nearly 7%. let us gun it over to the ev pickup race, lordstown shares jackknifing into the close after the truck maker slashed its production estimates for the year, saying do you know what? at-best we're only going to produce 1,000 of our endurance pickup trucks versus prior estimates of 2,000 units. lordstown, whose stock is dropping 8.8%, also says it would need to raise more funds to support its operations. talk about some major speed bumps. rideshares now stand at just $ 8.81. this as electric is reporting
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the pre-orders for teslas coming endurance rival the cyber truck, have climbed to more than 1 million reservations. tesla shares pulling back by 1%. they stand exactly at $600. i'm surprised that we don't see a bigger move because that would translate if people believe they can fill those orders to a bigger move for the bottom line. all right from the ev race to space tourism, virgin galactic finding itself grounded today after yesterday's nearly 30% intraday pop fueled by successful test of its spacecraft saturday, which led fans to a gamestop style attack on the stock short-sellers. again that was yesterday. so the effort to squeeze the non-leavers out of richard branson's space start up worked on monday but on tuesday not so much pulling back by 5.5%, morgan stanley cut its price target to $25 pushing out its first flight forecast to 2022. still, it's a big momentum stock , no way around that one.
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that scenes bringing people out of their homes and back to life, but how about getting your portfolio back to normal? our floor show traders have their top buy and celebration equations for america's grand reopening you've got to hear these, closing bell ringing in 46-point abby: minutes the dow down 72, s&p lower by 10. we are looking at the transports down 128 and the nasdac lower by 18, but will the bears really win this one? things can turnaround. stay tuned. (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,
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liz: with that bullish news breaking on the vaccination front, today, the cdc announcing 50% of u.s. adults have now been fully vaccinated. so, the next goal, well here it is. by july 4, the cdc expects 70% of all adults to have received at least one dose of the vaccine the mile marker today comes as moderna announced its covid-19 shot is 100% effective in teens, well 12-year-olds is not a teen but in kids age 12-17 , and plans to seek the fda 's approval to use the
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vaccine early next month for that age-group so while more and more americans are getting vaccinated, and the economy continues to blossom, what are the plays right now? to our floor show traders tom ha yes and scott bower. gentlemen, so goldman sachs and wedbush upgrading shake shack to a buy, they call the chain a top reopening play but at the same time, goldman downgrading domino 's pizza to a hold saying fewer consumers will rely on takeout, as everybody kind of floods outside and goes to restaurants. that could likely cause a drop in same-store sales in the future so let me start with you, tom what are your opening buy and sell equations? >> yeah, well liz as we know the market is a discounting mechanism and restaurants have had a huge run anticipating this level of vaccination, certainly quality franchise like shake shack and texas roadhouse could push higher but we want to look at names where all of the good news is not priced in so we're looking at boeing. boeing is still down 45% from its pre-pandemic highs.
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we're betting on a big second half commercial aviation recovery. industry sources are saying that by the second half of next year, they are going to deliver 41 737 max's per month, right now, their guidance for spring is only 31, so all of the good news is not priced in on boeing in our view, then you've got a cruise line and that's an incredible story because they've just announced they are doing their first u.s. cruise august 7 going from seattle to alaska, so there's tremendous pent-up demand. their 2022 bookings are very very strong but still down 50% from their pre-pandemic highs and finally, we like big pharma. they've really lagged the general indices we like novartis because doctor visits have been down and that's where scripts are written, some drugs are administered, novartis has a tremendous oncology politico, its got entresto, that is a heart failure drug up 45%
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year-over-year and for cosentyx which is for plaque psoriasis. those the play is not fully priced in as of yet. liz: okay, scott he gave me the reopening play. i want the equation, if you will what do you buy and then what do you eject from your portfolio? >> all right, so i'm going to start on the ejection right now, and everyone is anticipating, you know, a flood of retail store traffic, foot traffic; however, even before the pandemic started, retail foot traffic was on the decline. mall traffic, specifically, was on the decline. i think a company like spg simon property group, i think they're going to really struggle, as the reopening happens, people just aren't going back to malls, and i just see this one even though the stock is trading, you know, near it's highs here, i think the outlook is really really poor, for this one, and so the big mall operators them being the largest ones, i am
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very bearish on them. to the upside -- liz: even, hold on, before you even go to the upside, i mean, i'm looking at a chart. there shows a huge recovery for simon property. >> it does, absolutely. i think it's time to fade it, because as we reopen, liz, again , compared to what we did prior to the pandemic, look at the foot traffic, look at retail before the pandemic. it was on a major decline. i'm not saying that stock was, i'm saying the retail foot traffic was. i just don't see how that's going to recover, as robustly as people maybe thinking that it's going to. i'm looking at infrastructure. i'm looking at our supply chain disruption that we're going through right now, and i look at a company like csx as maybe one of the companies out there that can benefit the greatest, once the supply chain constraints get taken care of, and once the reopening really starts going, i love a company like csx here. yes, the stock is trading their
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all-time highs, their pe ratio has doubled in the last year, as their market cap has risen from like 44 to $75 billion. i think this stock breaks out to all-time highs here and it really has a lot of room to run on the upside and my last one, liz, is one that you and i both love, using the equipment; however, however i know you and i have discussed this before and i'm looking at peloton, even with the outrageous, outrageous pe ratio, if you will , or the market cap that they had right now, i don't love it as much as a few weeks ago when they had the treadmill issues, but remember, they bought precore. it's the largest fitness equipment company out there that was in fitness, you know, fitness centers. peloton is taking them over, peloton is going to be in every fitness center out there and i love this stock. liz: yeah, they are in hotels and condos now, and you know, john oliver knows, because he's made fun of me for bringing up peloton, but i love my peloton,
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john. tom scott great to have you thank you very much on this very busy tuesday. so yes, we know that if goldman sachs is betting on shake shack and its realizes cream shakes, could the hotter trade actually be its dairy-free competition? here comes the 800-pound gorilla in the food space, kind bar founder on the cold competition he's bringing to the ice cream aisle in a very big and fast- growing sector. the closing bell ringing in 36 minutes. look at this , while our traders were talking, the dow lost about 40 points off a close we're now down just 35.
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liz: well summer, yes, we know is just around the corner and here come a whole bunch of sectors that depend on summer, but could the biggest trade for you as a consumer and investor in the coming months be
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the plant-based dessert movement major food retailers from oatly to pandemic jerry's, halo top, even you could throw in kat o, so delicious, everybody , they are already heat ing up this half a billion dollar plant-based ice cream market but a new player ready to faceoff against this cold competition, that bar maker kind has already entered the ring in six new food categories in just the past year and is looking to muscle its way into frozen deserts launching seven new plant-based flavors to dark chocolate peanut butter and yes, they mimick the flavors of their wildly-popular kind bars. joining us now kind snacks founder and executive chairman daniel lebetski. how are you going to win? you're entering this fast- growing space with a whole bunch of players already ahead of you. >> liz, it's so nice to see you
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, i hope you're well through this last year. liz: thank you. >> we will always win by providing the highest quality, very premium ingredients always having the best products and ingredients and not compromising taste or health and we're doing it in the kind frozen we launch ed the kind frozen bars. you can't keep them on the shelves like its been a painful but good problem to have we've been i guess complaints from my friends can't find the kind frozen bars and now, as you mentioned the kind frozen pints, they are very tasty and also they lead with ingredients like pair juice and almonds and they have four to seismograms of potentiallies and they are all plant based. liz: okay hold on, hold on you're telling me can you give me names of markets where these frozen kind bars are selling out at the moment? >> yeah, everywhere.
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walmart, target, cvs, walgreens, all my friends are complaining it's very hard to keep them in stock, because you know what it's kind of like the toilet paper issue that happened last year. once people see that they can't get them, they horde them and then it's very hard for us to refill the shelves and if you have them in your freezer, my kids it's just like two or three in one single sitting. they are really really good. liz: well let's talk about the flavors. they do reflect some of the kind bars aside from the ones i've just mentioned what else is there, because you know, i look at oatly for example, i have bought the oatly non-cream ice cream, and i think it tastes fabulous. i mean its got the oatmeal, it feels like thicker than some of the thinner type of soy products that are out there, so how are you going to drag me away from oatly? they don't have a lot of flavors at the moment. >> yeah, i like the oatly
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product too it's a little bit indulge entertainment but it's really good and i like it a lot. their first ingredient is oats and water and ours, compared to that it's almonds so you know almonds are more nutritionally- dense ingredient, but you can have them and you can have us and by the way, i personal liam not overly strict. i follow my coupons recommendation to eat food mostly plants, not too much, and so i prefer to eat plant-based deserts but i also love a little ben & jerry's and more and more i think the world is moving toward plant based because it's better for the environment, it's better for your body and so it tastes really good. liz: well you've got to tell me right now what you're seeing as far as pricing and cost increases in some of your materials, whether it be coco or sugar or some of the nuts that
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you import and export and what about freight costs? that's what we're hearing from a lot of ceo's. are you seeing inflation at the moment and if so, how intense? >> absolutely, i think it's a very serious concern in every regard. i also have some shark tank investments and they can't get like kind has grown enough and has very deep strategic relationships so we have not had such disruption that we're not able to supply but some of the smaller companies that don't have resilient networks, they're waiting two or three months to get in line to be able to get those freight containers in, and it's a very significant problem across-the-board with the price and materials going up in price, a lot of the raw materials that you alluded to. i think it's a very serious issue. some of it is probably connected to the pandemic disruptions, but some of it is more secular. liz: well, the fed says it's transitory or temporary. what do you think?
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>> i'm very concerned about inflation. liz: me too. >> i'm very concerned but you know, i'm concerned i've told you i always worry about everything, so that's why i do what i do with kind. the small contribution to foster empathy and kindness and be helpful in leading. liz: [laughter] yeah. well, daniel, i'm going to see if it's sold out in my local grocery stores here, kind frozen , i'm willing to do a taste test, i absolutely am and i'll let you know how it goes. good luck to you, thank you so much. >> thank you, so nice to catch up, liz, take care. liz: great to see you. daniel lubetzky, the founder of kind. an infrastructure impasse in our nation's capitol at this hour, how is this one going to end? democratic fundraiser and former chair of ubs america's robert wolf is here with the inside track on where this stalemate is headed. will president biden join hands with republicans on this one? closing bell ringing in 26
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>> when it comes to infrastructure, it's no surprise we're now very far apart. we were pretty close when we met with president biden in the white house, so one of two things is happening. either he has changed his mind, or chuck schumer and nancy pelosi have overridden what the president told us. liz: republican senator john barrasso of wyoming pushing back on the administration's revised $1.7 trillion plan, he is one of the gop members obviously whose been negotiating with the white house on infrastructure, but with the ball now in the republicans court, they announced their latest counter will be a $1 trillion proposal
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to be revealed thursday morning. the business community, not waiting until thursday, for its reaction. it's the very group that relies on america's roads and bridges to transport goods, taking issue with president biden's plan to raise corporate taxes, to beef up our nation's freight routes and transportation systems. 28 industry groups including the american frozen foods institute, national grocers association, truck renting and leasing associations and dozens more have formed a coalition to block nearly all of the democrat s plans to raise taxes saying they will hamper the recovery. well let's bring in former ubs chairman america's chairman and democratic fundraiser fox news contributor robert wolf. okay, biden came down from 2.3 trillion to 1.7 trillion, and barrasso just said well they aren't doing anything, they aren't moving so you've got to get us clear on where we actually stand and what president biden discussed with the gop that's different from
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this 1.7 trillion. >> so liz, thanks for having me on. i mean, let's start with there are three hurdles to get over. the first hurdle is theres a fundamental difference of how people define infrastructure. the republicans, i would say, is old school infrastructure, just roads and bridges, but the biden administration, i think, is much more broad based infrastructure. future infrastructure like electric vehicle, social infrastructure like health care facilities and schools and then i would say brick-and-mortar infrastructure, roads and bridges. we need infrastructure. we have a d-rating by the civil engineers. we have over 1.4 trillion in needs. i think there's a bipartisan solution here and i think what the biden white house has to decide, do they want to do it in one bill, where they will have to go reconciliation or likely, two bills where they will do a smaller bill maybe by the trillion of pure infrastructure, and then they will do a second bill with
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reconciliation which i would call on the care economy but either way, an infrastructure deal will be passed with or without the gop but i prefer a bipartisan solution on an infrastructure bill, maybe around 1.25 trillion. liz: uh-huh, well you've worked in business and you understand all kinds of companies, but we also understand that the very companies that use these roads are very concerned that this will derail the recovering economy. if you institute a corporate tax hike. >> yes. liz: how do you get around that one? >> liz that's just not accurate first of all we've been living now for a decade where no ones paying for anything. you use that deficit and those don't exist, you used the pay for those don't exist. we absolutely have to start paying for the things. first of all, having a minimum global tax rate of 15% is a good thing for the globe and for this country. right now, small businesses are
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paying more than the large corporations. number two, if we go from 21% to 25%, it is still a large amount, north of 10% of where people thought it was going to be. number three, we didn't pay for the tax reform plan under trump, so we have to start paying for some of these things, so i would say that we have some tax reform and yes it's not going to actually change how gdp flourishes over the coming year. liz: well, let's just be clear about one thing and i am very pro-capitalism. i do not, i don't know anybody who loves taxes, okay? but we have the institute on taxation and economic policy point out that at least 55 major companies, we're talking archer daniels midland, fedex, nike, excell, duke energy paid not 21%
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in taxes, nothing in federal taxes. so you know what about enforcing the 21%? they haven't done anything in legal. they've got loopholes but to me you look at that and you say, you know, what do we do about that? >> you know, liz first of all, all these companies are global and they all have different taxations. i actually like the plan that fed chairman yellen has recently gone to the euro community and talked about a minimum tax threshold for all global companies. at first she threw out 21%, no one bit. she's been down to 15%. that makes sense to me and i've actually spoken to a lot of republicans. actually a 15% minimum tax makes sense to them as well. that's something that i think can get some support. the real discussion should be on things like capital gains, i just don't think that's going to happen. liz: yeah, we'll be watching,
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and waiting. all right let's see if we can get this done. robert wolf thank you so much for joining us. >> thank you, liz. liz: great to see you. the chicken sandwich wars raging in the fast food industry, but it's sparking a major assault on the poultry industry. yes, for every action there's an equal and opposite reaction and whether you know it or not it's affecting your pocket book, but what about your portfolio? we're heading out live to the farm, for a report. >> and another industry war has the tech world racing. clubhouse, the social media audio chat app has been at the top of the app store for months, drawing on the likes of elon musk, drake, oprah, they've all come on the audio chat site and yesterday, i sat down with super -human ceo and angel investor founder raul rora about his string of successful start ups and what led him to become one of clubhouse's first investors. he spotted them and jumped right
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in. how do you get that might of touch? listen now on my everyone talks to liz podcast he describes what he looks for and then, how he picks up these companies and invests in them and makes a lot of coin. it's available anywhere you get your podcast, check it outlet me know what you think, closing bell rings in 14 minutes the dow down 67. it's not some magical number. 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. though the ups... ...the downs ...all of it. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. this is lincoln financial. that building you're trying to buy, protect and retire. - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast.
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crypto exchanges key position in the growing virtual currencies trade. price right now for coinbase $ 240.20 but look at cryptos at the moment. bitcoin, ether, litecoin are all , i believe on the move to the, well they are under pressure what am i looking at here? never mind. i just wanted to correct this and make sure that we are right. i'm not sure, i'm not sure whose right, brad. we have to check this because i see different prices all over the place but let's just say that bitcoin at the moment down 2.8% ethererum down 2.5%, litecoin down 3.9% after starting the day just in perfect pitch, it had been above 39,000 for bitcoin, now it's at 37, 496 after elon musk had signaled he might be relenting on his concerns over the environmental dangers he's perceives of crypto mining which uses a lot of electricity. the tesla ceo had tweeted yesterday, what we already told you right here on the "claman
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countdown", that north american bitcoin miners are committed to using renewable energy to power their efforts. okay, who would that be? well we've got marathon digital, that's who we mentioned yesterday, well they are down intraday, we still have what we were told yesterday, and that is from fred thiel at marathon they are buying into making crypto more ecofriendly, the goal of mc ing 70% carbon neutral by 2022 . let's move from digital to yumm, right? two new in the chicken sandwich wars at this hour, and this video just in. carl's jr. and hardee's just released its all new brand bread ed chicken sandwich lineup. 65% of the u.s. population ordered breaded chicken sandwich from a restaurant in the last six months, so those two companies are saying we're in, but popeye's is going in another direction. popeye's says it's about to release a new blackened chicken
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sandwich. this comes after burger king revealed its cha-king sandwich, get it? last week, which will hit menus on june 3. burger king and popeye's parent restaurant brands up 28% over just the last year, and we're looking at just a slight pullback for the third of a percent but as the sandwiches rollout of the kitchen, prices for chicken continue to rise. let's go to rock hill, new york. we find lydia hu down on the farm. lydia, well sure, every single chain is coming out with a chicken sandwich. reporter: yeah, you know, the chicken sandwich just seems to be such a crowd pleaser and there's such demand for chicken, even as the cost to produce the poultry is continuing to climb. you know, right now, the price for one pound of chicken breasts , it's up by about 46% over a year ago, and the price
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for a pound of chicken wings that's up 28% over a year ago, and that's because we're learning the prices to raise the herds, these chickens is just continuing to climb. we're in orange county, new york and we're joined by farmer and owner dianne salall. we're so delighted to be here, dianne but you raise all organic chickens and you're saying one of the biggest drivers of your cost is the logistics and transportation of your poultry. what are you seeing happen in that area in the past year? >> we've seen a difference in price from before the pandemic and then during the pandemic. prices went up at least 20-25%. reporter: you were saying that went from about $250 for one pallete up to $400, now for a pallete and it's pretty significant, liz, because dianne here is transporting maybe 30 pallets or more per-month, so that's pretty significant for a small farm to take on. another issue is the rising cost of corn as a commodities, we know that's up 35% since the start of the year, you're seeing your price of your feed go up as a result of that.
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does this rise in costs does that really concern you here on the farm? yes, absolutely. i mean, we work very hard to produce good food for people to eat and we really need to be able to afford to eat that food so we've done, we have made a decision to not raise prices and we hope we can continue to do that but we need to continue to survive. reporter: and you're not sure how much longer you'll be able to hold steady you might see the prices climb just like we're seeing them climb in the grocery store but let's take a look at the share prices for some of these chicken producers and check out how they are doing because it seems, liz, they are doing not too bad since the start of the year. we can see tyson's is up more than 24%. pilgrim's prayed up 25% and sand erson farms up by 27% so as the a producer it seems the share price isn't doing so bad but we check out people making barbecues this weekend they can look forward to paying a little bit more at the grocery store. liz: there is the barbecue issues lydia, thank you, we are coming right back.
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♪. liz: oh, my gosh, we're seeing what i'm calling with two minutes to go meme stocks making some huge moves at the moment. game sop is popping about 18%, going for a hollywood ending on the day. that is its highest point since february 1st. earlier in the day we had what, charlie gasparino fighting with the meme stock crowd. charlie, stop, okay? so they're trying to short charlie on this. you've got amc up 18%. gamestop up 16%. dan genter, we have minute here. why are we at the session lows? >> liz you've seeing a little bit of a pullback this market is very, very solid. you will see fluctuations day-to-day. the thesis is staying in place with regard to the horses driving this market. with regards to strong monetary
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policy, fiscal policy and the reopening trade. i don't really see that changing. people that will fight this market are stepping in front of a freight train. if they get any weakness it's a good chance to buy in. [closing bell rings] liz: dan, thank you very much i couldn't say it better myself. there is the closing bell. we were off the session lows which were hit a few minutes ago. the dow losing 83. ♪. david: hello, everyone, welcome to "kudlow" i'm david asman in for my bud i larry kudlow. nih director giving testimony over the funds that may have gone to the wuhan lab. three members of the lab became ill in november of defend 19.

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