are going to benefit as we go forward and he's leading the charge. charles: man, watching jamie dimon and elizabeth warren and some of these other folks is priceless theatre. i'm waiting for broad way to open up but until then, keith, courtney thank you both very much. folks we're edging higher the russel actually, really the start of the session today, as i hand it over to my colleague, liz claman. liz: those small and mid caps we love to watch those charles thanks for keeping an eye on it. we take the baton from cp, markets getting a juice from the job market as jobless claims fall to a pandemic low again. week after week, this is happening, that number is coming down it's a very good sign. the dow and the s&p now less than 1% from record highs, the dow climbing about 123 points right now. president joe biden on the road in cleveland at this very moment , pushing his economic agenda. he's taking a tour of the robotics integrated system station on the campus of

cuyahoga community college. we're going to tell you what he literally just said seconds ago about inflation, and the economy plus, hospital oath going public at the new york stock exchange as high end scrubs company makes its unbelievable debut. the company's co-ceo's are here to watch their close on their first day of trade. the memorial day weekend project ed to be the biggest to hit theaters since the pandemic began. imax ceo is here live exclusively to tell us what he's expecting and if he thinks the amazon mgm studio deal could be a picture perfect marriage for his business, or maybe competition. the help wanted sign tim cook has just put up that has the crypto world all a twitter, talking, chattering, pins and needles. we're going to tell you what the job ad just came out with and what you might be able to

buy with an iphone. could it be bitcoin? all that and more coming up but first we've got breaking news president biden is actually still speaking in cleveland at this very moment. the president pushing investment s in infrastructure, electric vehicle, and more, but breaking this news, he says, his administration will have announcements in the coming week to help alleviate supply chain issues and transportation bottlenecks that have been pin pointed and blamed for rising inflation. as you see he is waving, he apparently has just finished up that speech. this visit in ohio comes ahead of tomorrow's expected unveiling of his reported $6 trillion budget for 2022. that would mean it's jumping to 8.2 trillion by 2031. the new york times says he plans to pay for it by increasing taxes on corporations and on high earners, with budget deficits beginning to decrease in the next decade. this exactly the same time that republicans make another counter offer to his infrastructure plan

, this one topping $1 trillion, so as the gap starts to close, let's get to blake burman standing live outside the white house with more. could they soon be meeting in the middle somewhere, blake? reporter: potentially, liz. you know, we just heard from president biden moments ago. he was essentially pitching his economic vision. there's two plans out there that the president wants to see passed the american families plan at the core there is to pay for free community college which is why we saw the president at a community college speaking just a little while ago and then he also wants to pass the american jobs plan, which as you know, is that infrastructure package. the white house had come down to $1.7 trillion, senate republican s today unveiled their counter offer, they were in the $500 billion range, basically double that up to roughly $1 trillion. the white house described that earlier today as "encouraging" but still you can do the basic math there, 1 trillion, 1.7 trillion, there's a lot in the middle there, still left to

be potentially hashed out. this will, talks will continue into next week as well as the president said earlier today, he will respond and the white house will respond to that republican offer at some point here in the upcoming days. we did, though, essentially hear another sales pitch from the president, as to why both plans should be passed. the president says his strategy is working. >> to summit up, covid cases are down, covid deaths are down, unemployment filings are down, hunger is down, vaccinations are up, jobs are up, growth is up, put it simply, america's coming back, america's on the move. reporter: you mentioned that budget, liz. the new york times is indeed reporting that the fiscal year 2022 budget that the white house will put forth tomorrow will be at $6 trillion, a projected deficit in fiscal year 2022 of $1.8 trillion and the white house even when the president was asked about this earlier

today, not commenting on that or the specifics, but that adds to the criticisms and concerns of many who say that there is simply just too much spending being talked about here and being produced potentially in the mid-term. liz? liz: too much spending, not enough about how to pay for it. reporter: right. liz: on either side, and the democrats, of course nobody likes their plan on spending, and how to pay for it either but blake, thank you very much. you just heard the president giving a nod to the issues that are causing inflation. well, now, treasury secretary janet yellen testifying before a house subcommittee earlier this afternoon sounded the alarm about inflation while trying to walk the federal reserve line that it's just going to be short -lived, listen. no sound bite. okay, well let me just quickly tell you what she said. she said she sees high rates of inflation through the end of the

year. she expects to see higher inflation lasting though just a few more months but then she says she does not want inflation embedded in the u.s. economy, and you really have to watch the situation very very closely. well, now, as we are waiting for the fed's favorite inflation metric that be the core pce, personal consumption expenditures for april to come out tomorrow, year-over-year. the core pc ex for q 1 came in at 2.5% versus the previous quarter, right? well now according to economists , core pce would have to hit a high of 2.8% to cause concern among policy makers, but i don't know, you're hearing concern creep in when it comes to janet yellen and president biden. now, we also had a slew of positive economic data come out today. first quarter gdp 6.4% that's a healthy number, initial jobless claims falling more than expected to a new pandemic low, and durable goods orders, ex-

transportation which has been hit by the semiconductor shortage rose 1% in april. let's get to this question. how can federal reserve chairman jerome powell not be ready to, i guess, taper talk, right, and then eventually to raise interest rates. to our floor show traders, sarge guifoyle and scott shell a diplomat. where are you starting to see inflows and outflows from investors based on what is a very very heating up inflation picture. >> well let's look that picture okay? you asked a question about chairman powell. he could stop buying mortgage backed securities right now. there's no need for supporting that business. liz: stop. right. >> okay. liz: i'm saying stop buying. >> oh, yes i wanted to stop buying mortgage backed securities. i thought you told me to stop. okay, now, what's trans transitory here, liz? the capital goods orders were up 2.3% ex-defense and each- transportation right? that's huge and transitory from

the gdp report we know personal consumption expenditures were up 11.3% annualized rate and that's demand and also positively transitory and what's structural is money supply which has grown out of control. we all know that, and we are projected deficit for next year of 1.8 trillion, the deficit for this year is 1.9 trillion last year it was 3 trillion. reverse repurchase operations, now the fed has had to house basically $450 billion yesterday , they are going to have to house $485 billion tonight. why because there's so much money that the bankers have to put it some place. what fed yellen has to do if she doesn't want to cause structural inflation is on top of the $40 billion a week she puts out -- liz: i know, but sarge, to the question, where are the flows? we know what is out there. we know the fed has an $8 trillion balance sheet. are you seeing smart money move and shift into different sectors and if so, where? >> well take a look at this , okay? what investors are focusing on

right now is potentially profitable companies, nobody that just has revenue growth but still can't make money, either you got to produce, mine, manufacture, or deliver something and make money doing it. what's on top of the s&p 500 today, general electric and ford what's on top of the dow today? boeing and honeywell. what's on top of the transports today? ryder, fedex and jb hunt. these are all old school profitable companies, they are evolving, and they are all doing the right thing, but you don't see people running out and buying snowflake on this dip right now. liz: okay, well to you, scott shellady. sarge makes the case that people want the solid sort of value-ish names by the way the ceo of honeywell was on this show this week, ceo of ford on the show this week, so they are coming here to the "claman countdown" to give their story. we've been on this case. where are the flows you see in and out of different sectors as

we know that inflation is heating up. >> well that's the problem. i mean, i cover the school of i'm a little worried about myself here because i kind of have to agree with the fed a little bit. yes, we've thrown a ton of capital over the pandemic at our businesses and at our unemployed that necessarily doesn't have to go to the market. that might go in their stomachs because you have to eat and they have to live, but i also do know this. when we talk about these number, gdp today, we're reopening a 28- $29 trillion economy. now there's nobody on this planet that's ever seen that done before. so we flip the supply or the demand switch and that's automatic. demand is automatic. i want it now, but the supply chains are empty. look at the microchips. look at, even a refrigerator, how long will it take to get it here? as long as it takes to make one and three or four weeks to ship it. the supply chains are empty. now, if you open up your

restaurant after you've been closed for a year, on friday night, and you see the 150 people at 6:00 and they all order at once, is that inflationary? i don't think so. that's the problem. i see money flows going to places people don't really want to notice. yes the 10 year is up 3 bps today but the 10 year we're talking about inflation that's supposed to be ripping your faceoff? we should have better gdp because we're restarting an economy that no one has ever seen restart before. look, keep that in mind. liz: [laughter] >> i mean, so -- liz: i love the image of ripping your faceoff and listen, i find it interesting, scott, that you're actually kind of thinking on the side of the federal reserve, but i know that our viewers and almost every ceo has come on here and said they are seeing some serious inflation, and these things don't turn around that quickly, so, you know, it's like the guy at the gas station, the guy with the stick he raises the price really quickly. takes forever for them to bring

it back down, but either way, scott it's great to have you back on the show. sarge, always a pleasure. thanks guys our floor show traders. okay, so speaking of inflation, in just a few minutes, what we're going to do is head straight to a barbecue to find out just how much your memorial day party is going to cost you, compared to last year. stay tuned we're coming right back with that. in the meantime, it has been such a busy market for debuts. vinmeo spin-off from iac off to a rocky start shares are down 8% making it the third down day in a row for a cumulative loss of close to 20% from its monday closing price of 52.08 stands at 40.35 right now. zip recruiter is taking a breather down 2 1/3% after popping 20% in its direct listing yesterday but in this final hour, the robinhood crowd is

going gaga for couture scrubs maker figgs sending shares to the moon. coming up we'll show you how high they are jumping plus the co-founders are here on where they take their high fashion hospitalwear company up next. the nasdac struggling here, folks it is flat as a pancake. "claman countdown" coming right back. (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love. so you can live your life. that's life well planned. that building you're trying to sell,

- you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. with every vaccine, cvs is working to bring you one step closer to a better tomorrow.

nicorette knows, quitting smoking is freaking hard. you get advice like: with every vaccine, cvs is working to bring you try hypnosis... or... quit cold turkey. kidding me?! instead, start small. with nicorette. which can lead to something big. start stopping with nicorette

♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it.

so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. liz: the latest stock to hit the markets is already making history. oat couture scrubs maker figs is going public today trading under the ticker symbol fight, amc, now right now the stock is jumping 35.5% but guess what that's not the history making part. figs is the very first company to offer customers a brokerage app robinhood a chance to get in at the ipo price which in this case, was $22, you can see right now it's standing at 29.90 and climbing we're going to keep it up on the screen with about 45 minutes to go until figs very first closing bell, let's bring in the figs power team co-founders and co-ceo's

heather hassem and trina speer. ipo's not just for wall street anymore. i first want to know, trina, how did this partnership with robinhood come together? >> sure thank you so much for having us it's awesome and an honor to be here. we were really excited about this because for so long its really been just wall street insiders that get access to invest in companies pre-ipo and for us to be able to give our community, it's obviously a wider amount of people that had access, but we really look to give our healthcare professionals access to invest in fight, amc pre-ipo and that's what we're able to do by being the first company to be able to do this with robinhood. liz: i think it's great. it's investing and by the way you guys get the best award for opening bell, because you guys were jumping around, it was hysterical it was so great you were all wearing the outfits. heather, some hospitals are so much better than healthcare apparel so you were selling your

scrubs from your car trunk eight years ago. here you are with a company valued at $4.6 billion and climbing. tell me what this final hour of trade on this first day is like for you. >> i mean, i remember the day so clearly, you know, selling scrubs out of the back of my car in front of an emergency room. i'm so grateful, i'm so honored. i just think this is the american dream, and not so much of, you know, necessarily to be here at nyse but to really , this is about our healthcare professionals and to show the world healthcare professionals are so important because without them, we are nobody, not fight, amc i am more than excited to be here. liz: could not agree with you more, my dad was a surgeon. i've so many doctors in my family. we're so grateful to all of the nurses and all the orderlies , everybody, but let me get to what makes you guys special. you've got sort of more

fashionable scrub, you've got jogger scrub, you've got the skinny version, we can show some of these on the air. you have the ones that are cargo , which is i'm thinking i know i'm not a doctor but i think i'd need those , you also have some under scrub clothing that almost looks like workout stuff. give me a sense of how you see yourselves compared to the competition and i guess the competition be , you know, some of those names out there whether it's cintas or listen i know there's stich lab la. i know those guys. they are more fashionable with fancy colors but tell me what makes you different? >> sure, so we really do focus on in terms of the product performance-driven scrub wear and performance-driven uniforms so we help the healthcare professional from head to toe, so uniform or scrubs were like a v-neck and pair of pants and now we outfit the healthcare professional from head to toe, so like you just said, for the

bra, the leggings, then we take them all the way to the outerwear, so for on shift, off shift and everything they need. liz: and the compression socks, which are key for surgeons who stand for six to eight hours during their surgeries, i get it i mean, i've heard all about this , because a lot of them have the vericose veins because they stand for so many hours, so it's quite brilliant but it wouldn't be a stretch for a potential investor to question whether you really did so incredibly well year-over-year from 2019 you had 600,000 customers and then you popped in 2020 to 1.5 million. it wouldn't be a stretch to say well yeah it was covid. a lot of people needed ppe. make that case that you can do even better as we emerge from covid. >> sure, so, we've grown every single year since we launched this company in 2013 by over 100 %. in 2020 we did grow 140%, but i

think the interesting dynamic here, and we doubled our customer count every year as well, but an interesting dynamic is that even as we grew 140% doubled our customers, 62% of our net revenues were from repeat purchases, so even if we acquired maybe even 100,000 more than we would have, due to this shift to e-commerce, those customers are now with us, and they come back over and over and over again because not only do they love our products, but they love our brands. liz: men in pink that's what we're seeing i like that. do you know what? dare me. i'll wear one on the air. they are that fashionable. heather, trina great to see you thank you very much we're watching your stock right now it's still up about 35%, yup, 29.70 and we're wishing you the best of luck. come back during earnings we'd love to see you again. >> thank you. liz: co-founders of figs. earlier in the week we told you

about chicken prices higher. beef prices are definitely on the move ahead of barbecue season no less. just how much your wallet could get scorched as inflation hits home. closing bell ringing in 38 minutes, dow is up, it hasn't really moved we're up 106 point, s&p better by 3, nasdac down one

jason, did you know geico could save you hundreds on car insurance and a whole lot more? cool. so what are you waiting for? mckayla maroney to get your frisbee off the roof? i'll get it. ♪ (upbeat music) ♪ ♪ ♪ whoa. here you go. (in unison) thank you mckayla! dude, get it. i'm not getting it, you get it. you threw it. it's your frisbee. geico. switch today and see all the ways you could save. (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back. they want to be set free. to make the world more responsible, and even more incredible.

ideas start the future, just like that.

liz: fox business alert, it's me e stocks in the making, beyond meat and biocrist pharma are the two new names getting attention, new data from bank of america, that tracks these stock s being chatted up by wall street show that beyond meat are now firmly on the radar and this is reflected in what's going on in these shares. beyond is up 12%, biocryst

better 7.5%, so it's getting the one-two successful punch here, on this thursday. let's take a look at some of the names still garnering the most attention by the reddit crowd according to bank of america. game stop which had been higher and then dipped to the downside is now backup about 3%. virgin galactic his that been a favorite for a long time up 16% and retail academy sports and outdoor up 3%. yes, we will be talking about am c in just a few minutes. don't move on that one. in the meantime, let's look at snowflake going from cold to hot intraday shares falling nearly 7 % at session lows after the cloud computing data center firm whose believers include billionaire warren buffett reported a wider than expected net loss in the first quarter, but the disappointment clearly melting away as investors focus on snow's upbeat forecast so you've got snowflake moving higher by 2 1/3%.

look at ford. second day in a row, these shares are revving their engines , ceo jim farley breaking the news here on "countdown" yesterday that in just over a week, the auto maker has received more than 70,000 reservations for its upcoming all-electric f-150 pickup, the lightning. so, maybe rbc was listening. today they upgraded ford to a buy, also on a $30 billion ev overhaul news, shares now moving higher by 6% to 14.73. ford's not the only stock getting juiced by rbc. bullish calls by the brokerage also fueling big jumps for ipo twins airbnb and doordash both went public back on december 9 you've got airbnb gaining 6% doordash up 6.8% at the moment. time to get out your hot dogs and grilling aprons and the ton gs, the whole match, millions of americans thrilled to get ready for memorial day weekend, backyard barbecues.

but what won't be so exciting? the cost of the cookout, inflation has been heating up the prices offer all your summer favorites from the meat on the grill to the fuel in your propane tanks, by how much? well, i don't know. let's get to edward lawrence because he's live in his backyard in kensington, maryland , firing up the barbecue and the data to tell us exactly how much more we'll all be paying this memorial day. edward? reporter: yeah, you talked about it, liz so i've got it here. the apron, now we are going to be paying more this year. i went to the store last night this is what i bought. i bought two steaks and ground beef and some cheese slices here , you see the kraft singles and that was $70 and that was a little sticker shock to me, inflation is up about 4.2%, overall this year if you went to buy a grill for the memorial day weekend, lowe's, home depot, it's all more expensive this year because of the supply chain shortages as well as the gas prices, they are all being passed on to

customers here. look at some of the other sticker shocks here, if you were to buy u.s. choice steak meat, it's up 8.6%, a hot dog, are up 8.2% year-over-year from last year to this year, american processed cheese because what's a burger without processed cheese up 3% and an important one, wine is up 10.9% and now you have to grill it charcoal is more expensive propane as you talked about is up 17.2%, so i went to the expert and i talked with a grand champion barbecuer, stan haze, also the co-founder of operation barbecue. they helped bring meals after natural disasters, about how to do this on a budget. listen. >> there's alternative meat. during this time, a lot of restaurants went from serving br iskett to serving chuck roll and finding different cuts of meat, as the price continue to escalate you'll find people finding even lesser-known

cuts of meat. reporter: so finding those alternatives is one way to bring down the cost and now i'm an old fashion barbecuer i like to use the charcoal and i add mesquite chips that give it smoke flavor but a lot more expensive and you'll need a lot more food if you've got family and relatives coming over, back to you, liz. liz: really quickly can you have your cameraman tilt back down to the pile of food that you said as we look at it it's $70? yeah, i mean -- >> $70 for this. liz: where were you shopping, gu cci? >> i'm shopping at safeway. two steaks, ground beef and cheese slices $70 right there and again that's not enough for the whole family. or relatives. liz: oh, my gosh, all right well , listen, thank you, i think edward lawrence, get ready to spend a lot more, folks. f 9 lighting up the box office fast and furiously, but will the

upcoming open here in the u.s. put the pandemic squarely in the rear view mirror for america's theaters. imax ceo rich gelfond is here in a fox business exclusive, plus his predictions for black widow, suicide squad and i maverick moved from a july 4 debut all the way out to november. we have to wait that long, closing bell ringing in 27 minutes, dow is up 112, right on the screen for the nasdac down just four points but let's call that flat. we're coming right back. the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq

a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq bigg digital assets, a cryptocurrency sector leader, has established two exciting companies. netcoins, the most

trusted way to trade cryptocurrency in canada, and the blockchain intelligence group, with products to stamp out crypto crime. bigg digital ♪ na na na na ♪ na na na na... ♪ hey hey hey. ♪ goodbye. ♪ na na na na... ♪ hey hey hey. ♪ goodbye.

♪ na na na na ♪ na na na na... the world's first six-function multipro tailgate. available on the gmc sierra. nobody builds 5g like verizon builds 5g because we're the engineers the world's first six-function multipro tailgate. who built the most reliable network in america. thousands of engineers on one nationwide mission; to make the best, even better... for millions of people and businesses across america. no one else built this bold... because no one else thought this big. thousands of smarter towers, with the 5g coverage you need. next-generation servers with superior network reliability. broader spectrum for faster 5g speeds. because the more you do with 5g, the more reliability matters. the more your network matters. the more going the extra mile matters. this is us...pushing us.

it's verizon...vs verizon. and who wins? you.

liz: look at this , breaking news,reddit's wall street bets crowd is out for blood in these final 18 minutes of trade, amc entertainment is speaking 45%, so the crowd is drawing blood from the hedge funds who bet against amc stock. shares are on a terror hitting session highs with trading volume accelerating very very quickly here, again, amc jumping 45% and by the way it's up 822% year-to-date. the picture is expected to get even more glittery for the movie theatre chain along with the entire sector, right? cinemark imax, as hollywood raises the curtain on a flurry of summer movie black busters this memorial day weekend is set to be the biggest box office weekend since the pandemic started as we see the releases of a quiet place ii, and cruella but here is the question, can the theatre business ever return to its full former glory and i'm

talking about in the 80s here in a fox business exclusive ahead of this weekend's release, we're joined by rich gelfond, good to see you, rich, i've got to talk about f 9 the international debut of fast and furious brought in 162 million in total box office sales a big chunk coming from china which loves the fast and furious series. knowing that they love seeing it on imax screen and the fade of the furious, all made more money in china than they did domestic ally, can you go out on a limb and say when it opens here june 25 it'll beat china? >> well i definitely won't go out on that limb, liz, predicting movie results is sort of similar to predicting the stock market. you can only look bad and you get lucky if you look good but given the results for imax it was our highest market share ever in china, for any of the fast and furious movies we did around 9% and i think part

of what's going on post-pandemic is people are really seeking out premium experiences. they don't want to go from their couch to a small screen, they want to go from their couch to something really immersive and really special. hey $135 million in china alone just feels like normal over there. in terms of how it's going to do in the u.s. , i mean, i think what's going to happen in the u.s. , it's going to be a little bit more like a faucet than a light switch so i expect good results this weekend. f 9 opens toward the end of june here and people will be more and more comfortable. as a matter of fact there was a study by a firm both nrg that showed 73% of the people said they're ready to go back to the movies, but i don't think it's going to happen overnight. liz: uh-huh, you and amc, i mean , amc invested a lot of money to put in all kinds of issues to make things much safer and cleaner, and i know this

isn't exactly sort of a way to be able to look at this , but i have to ask, because as we talk about amc and the stock is speaking so much, you guys at imax, i remember this so clearly. they start of the pandemic you came out and said very publicly we have enough cash on the books to survive for an entire year and that's exactly what you were able to do. in the meantime, amc had to go to the debt markets and sitting now on a huge pile of debt, something like $10 billion, and wall street doesn't even expect it to get out of the red, until 2024 so my question is, and i know this puts you in a weird position because you partner with those guys but can amc survive, rich, until 2024? >> well first, i'll talk about us, and in fact, we had enough cash to survive for years, and we came out of the pandemic now and we have no net debt. we have about $250 million in cash and we have a revolver, we

haven't drawn down, so we're an asset-light model. we were built to weather a storm like this. amc, you're right. it was a life threatening event for amc, an existential threat and i think adam aaron, the ceo, the first part he did an amazing job in terms of finding debt, finding ways to kind of stave off bankruptcy and liquidity problems, but then at the same time, he got caught in the meme explosion and he played it really well, and he had a registration statement there, to sell shares, so he sold so many shares of stock that now, he's in a very good cash position, again, i don't know what his burn rate is, so but i'm quite sure with the films opening now, he's going to survive. he's got a healthy amount of cash, and with films coming this weekend, i think he's in good shape. now, you know, what the way the

mem ex movement has made him the champion, "we are the champions" and they are carrying adam on their shoulders , as you know, because you know him a little bit too. he's a guy who plays against the grain, so other ceo's would say look, i don't know if this is real, i'm not going to play it. adam has played right into it, and his stock prices soared and i'm happy for him as his partner and i think it just helps the whole industry but that has inherent risks in it, and adam is a smart guy. i'm sure he understands all of it. liz: you've got suicide squad coming out, all kinds of hot-hot movies not to mention black widow, bond, why though? because i was all excited for maverick. what happened? why was it moved from what was supposed to be the july 4 weekend all the way out to november, rich? it seemed perfect for july 4 considering the patriotic movie everybody be totally psyched and we have the reopening in full

swing. >> so liz, i agree with you completely in retrospect. i can't address that movie specifically, because i don't know, but i will tell you that studios in general were kind of spooked by the course of the pandemic and it lasted in la much longer than it did in other places, like new york and the death rates were higher and i think la is somewhat of a myop ic place and they saw what was going on there and they found it hard to believe that things would come back as quickly as they did and because we're in 84 countries and we've seen the asian box office come back, japan, china, record numbers return to premium we kind of urged them like what are we missing, but i think they were very conservative in their approach, and you'd need to know a couple months in advance when you're going to spend the marketing amount, and i think a lot of them took a conservative approach, and i think the fall is going to be very crowded, it's going to be

an embarrassment of riches for someone like us that plays blockbuster films but i think some of them could have opened earlier and done very well. liz: yeah, yeah, i would think, but nothing gets moved or decided without tom cruise weighing in i'm quite sure. rich it's great to see you. let us know how the weekend goes , big memorial day weekend for rich gelfond exclusive. ly. apple's help wanted sign who are they looking for if there's a big secret revealed stay tuned we'll show you when we come right back. ♪♪ ♪♪

♪ ♪i've got the brains you've got the looks♪ ♪let's make lots of money♪ ♪you've got the brawn♪ ♪i've got the brains♪ ♪let's make lots of♪ ♪uh uh uh♪ ♪oohhh there's a lot of opportunities♪ with allstate, drivers who switched saved over $700. saving is easy when you're in good hands. allstate click or call to switch today.

we know how much you count on us... ...and that's why we're here 24/7... ...and on the road maintaining a fast and reliable network. we're always working to ensure the internet meets your needs... ...by making access easier for all... ...with comcast lift zones and our internet essentials program. we're invested in making our apps easy... ...to give you personalized assistance around the clock. and we're committed to keeping our team and customers safe by working from home... ...and using precautions in store. see what we're up to at xfinity.com/commitment liz: cryptos on countdowns watch list at this hour, as apple hints at a change that could un leash one of the biggest moves when it comes to the adoption of cryptocurrencies yet.

the tech titan posting a job for an alternative payments business development manager specifically looking and this is what the job listing said, for somebody who is "comfortable with ambiguity." what does that even mean? it has more than five years of experience working in or with digital wallets and cryptocurrency, along with fast payment. am i comfortable with ambiguity? well the apple news alongside revelations from carl icahn, the billionaire investor, that he too could soon join the crypto parade driving cryptocurrencies higher earlier in the day but do you know what? the excitement faded right about now, we do have bitcoin slightly lower at the moment and ether moving slightly lower and litecoin is up just a tiny bit here. apple though down about 1% but that could possibly be because apparently the i-cloud for apple had a little bit of an

outage affecting some users about four hours ago. well, apple going into cryptos is not really doing much for apple so we have to just watch because at the moment it is simply a job listing but heck , go apply if you think you fit the , can deal with all kinds of ambiguity problems we're digging into this we will let you know what we find out as far as apple is concerned but it's just slightly lower today. despite the hand ringing over people fleeing california, you've heard all about that, right? prices in the southern part of the state surged to an all-time high in april, what prices? housing prices, increasing 20.2% year-over-year to a record 65 $5,000, bidding war, anyone, connell mcshane outside a home in eagle rock, this is a los angeles suburb with a real story connell? connell: hey, there, liz. welcome to the eagle rock neighborhood of los angeles. the home we're going to show you here today really speaks to how crazy this real estate market has been in la and all over california. we'll bring you inside from the

outside in the house is fairly unassuming. when you go inside it's a very nice home we'll go in the front door here, they have this listed for $899,000, you know, when they put it on the market, but then, the bidding war started. that's what's been happening with all of these homes. there were 30-plus bids many of them, hundreds of thousands of dollars over the asking price it'll end up selling for well north of $1 million so what's going on here, who are these people who are staying in the state of california? >> they are young families. they are well-to-do. they work for apple, they work for netflix, they work for hbo, and they are working from home and they have had children. connell: so many of these buyers are people who want to upgrade and want a little bit of a bigger home and when you work-from-home, you get that option, the people that own this house for example, are moving out to a place where they can have more space, and you know, the price action has been remarkable, southern california real estate prices up more than 20% on average from the same

time last year, and the market here shows no signs of letting up. liz, back to you. liz: wow, so many offers, unbelievable. thank you very much, connell mc shane from california, in the meantime, gold has been up this month, but could paper top because it's happening right now , right? we have randall quarrels, the vice chair of the federal reserve yesterday saying we should be talking about tapering the fed's balance sheet. could it rain on the precious metal parade? history, recent history, says not just rain, but tornadoes and thunderstorms. today's count down closer talks gold's next move and mining for profits and that this time, might be different. closing bell ringing in seven minutes the dow climbing just a bit here we're now up 154 points , stay tuned. i order my groceries online now. shingles doesn't care. i keep my social distance. shingles doesn't care.

i stay within my family bubble. shingles doesn't care. because if you've had chicken pox, you're already carrying the virus that causes shingles. in fact, about 1 in 3 people will develop shingles, and the risk only increases as you age. so what can protect you against shingles? shingrix protects. now you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after vaccination with shingrix. . . shivering, fever, and upset stomach. talk to your pharmacist or doctor about protecting yourself with shingrix. shingles doesn't care. but we do. [typing sounds] [music fades in] [voice of female] my husband ben and i shingles doesn't care. opened ben's chili bowl the very same year that we were married. that's 1958.

[voice of male] the chili bowl really has never closed in our history. when the pandemic hit, we had to pivot. and it's been really helpful to keep people updated on google. we wouldn't be here without our wonderful customers. we're really thankful for all of them. [female voices soulfully singing “come on in”]

♪ ♪ it's the biggest thing that ever happened to small. lease the gla 250 suv for just $399 a month at your local mercedes-benz dealer.

♪. liz: so it was yesterday during this hour that federal reserve vice-chair randall quarles finally joined at least two other fed officials getting some bravery here beginning to talk about, the economy is strong enough, we need to talk about tapering our huge asset purchasing program. that has been stimulative during tough times but right now we're looking pretty good. what happens to gold prices once taper talk begins? as recently as 2013, that taper tantrum when the fed started to talk about tapering was widely blamed for a crash in gold prices. so why should you bay gold ahead of expected taper talks that may come toward the end of the year? bring in sprocket senior manager director ed coyne. you are about gold. don't you know what happened when the fed tapered an gold prices just plummeted.

>> i do. i remember when they talked about it. i remembered in 2015 when the fed attempted to tighten, you had rising rates through 16 and 1, gold was up over 20% the first half of that year, and gold equities were up 100% over that time. the real question is why would they start the taper tantrum, why would they start tightening again, why would they raise rates again? they need dry powder for the next left field occurrence. they can't keep rates where they're at. not the fact if they are going to do it. when they talk about it gold may soften for a bit, when they attempt to do it we've seen in the past, the most recent past gold did quite well, actually. liz: also the way the fed is doing this, like drip, drip. first kaplan from the dallas fed mentions it. >> right. liz: then rosengren make as few noises, then quarles dips in.

they're trying to be real debt till about this i get that. what part about the gold market if you like it so much that you would say people might want to dip their toe in? >> when you dip your toe in, physical first. core allocation to the physical market is natural hedge to direct your portfolio. we all know that the s&p repeatedly hitting new highs. virtually every week but you have to put capital to work. how do you do that safely? we see allocation to the physical market to be attractive way to do that but with we're most excited about equities small capper, junior miners out there because they have margin expansion, free cash flow both on absolute basis and relative basis, they look very attractive right now, enterprise value to ebidta, value strength, potential m&a activity. there is reason to be excited about the small cap or junior miners today. liz: okay. well gold is seen a 6% gain for the month of may so far.

ed, we'll bring you back. gold at $1900 a troy ounce. guess what? we're looking at nasdaq just flirting with the downside. it just turned positive. [closing bell rings] the dow jones industrials about to close up 183 points. we have a second straight day to the upside for the dow and the s&p s&p up eight. nasdaq better by eleven. ♪♪ david: hello, everyone, welcome to "kudlow" i'm david asman no for larry kudlow. senate republicans unveiling their 928 billion-dollar infrastructure package this morning dedicating funding to roads, bridges, rail, transit systems. kind of infrastructure over eight years. hillary vaughn is live on capitol hill with details. of course hillary, a lot of questions about what is infrastructure. what is the latest? >> hey, david, that is exactly the