on every day for answering my prayers and the prayers of my family. so this whole era of chilling out even with our great jobs out there, that's extraordinarily dangerous for this entire country . lady if you are unskilled. take those jobs folks and learned. get rewarded in climbed the ladder of success in america was built on it. let's not dismantle it. it's been a great week for everyone market state . good list over to you. liz claman. liz: i love the stories especially going into a friday charles, good inspirational stuff thank you we have final our course that could kick the dow and s&p into record closes asthma markets session highs just seconds ago, the dow needs 200 points and he 39 to do the trick. rate hikes after today's mass and we are up winners 69 for the dow and the s&p is up 36 but the nasdaq is the big percentage winner of one and a half percent

or hundred and 96 points in today's rally comes as president vladimir putin of russia makes it inflammatory remarks thing out economic forms in st. petersburg claiming americans are trying to hold back russia's progress in color relations with the u.s. and extremely low level. we will speak exclusively to the man known as prudence baker, chairman andre, he knows prudence intimately so we are going to ask him how he believes that putting will approach the coming putting biden meeting and winter he thinks the u.s. russia are already engaged in a full-fledged cyber war created and with the banker welcome tessa and tesla factory and russian soil. facebook officially drop the hammer and president trump's just about an hour and a half ago to a surprising move that the stock is making in the wake of this new multiyear band. plus inflation isn't always bad, if you're an investor in one

particular construction material stock that is created copper and pipes to store, talked to the ceo of the billing company assures jobs jump 74 percent just since january on the challenges of making both investors and customers happy. not so easy. we've going to begin with breaking news, white house press secretary jump just moments ago the cybersecurity will be among the very top issues when president joe biden meets with russian president vladimir putin in geneva in june 16th invited pant plans to raise concerns about hyperactivity from the solar wind up back to france where attacks on the americans businesses and other very malicious activity allegedly carried out by criminal groups from within that country. this has put in his right leg just as efforts that rationales are due to threats amari u.s. sections, all u.s. dollar assets in its national fund is taking this holdings from 35 percent to

zero. as these issues combined and already simmering relationship to a boil, what is going on in the minds of the president of what could arguably be the most summit tensions in years. >> from st. petersburg were joined by the man known as putin's banker andre chairman and president of russia second largest state-owned the bank. andre welcome. they are at rock bottom heading into the summer. how does it look to you and by extension president putin. >> ion is great great to hear from you. unfortunately, i would love to. if you decide to put money in my bank. but yes, there's expectations that i will say very cautious because you from the previous experiences, when mr. trump met mr. putin about three years ago

and then we got new sanctions and maybe more than before but i think this is a different case and mr. biden is very experienced with this position and i think that is in a much better terms. an unexpected too much from this but it's important that the stocks. liz: i know that you were there as well as president vladimir putin but it was on his uganda missus you're making it sound because at one point, he did say that the u.s. is trying to call russia back. but is that mean. >> mr. vladimir putin, actually he mentioned that russia at hall and then. [inaudible]. he would ask questions during the discussion it. and because mr. vladimir putin sees all of those accusations which we hear from american side. they're not accurate rated

they're not right, not correct. and then somebody did naming them and why. because he believes that the union, the american flag probably decided that russia should not become again the super power. and this kind of things like sanctions to put that russian economic development so that is how we see this from russia. liz: point angle knowing vladimir putin do you think he will come in, will it be conciliatory or diplomatic. willoughby adversarial. >> so you know mr. vladimir putin always has a good relationship with the american presidents. mr. obama and in the beginning i think was a good discussion. so is a man who can build relationships and can be friends

with the four leader. and i think the you know mr. biden. i'm not sure but i think they met before. so i don't think that mr. vladimir putin will be hostile but on the other hand, he will be where he believes they are fake or false. i think he will defend his position. but i think the two gentlemen can definitely build up a relationship again. liz: has banker you understand how important oil and gas pipelines meet suppliers for entire nation are both working to buy rent somewhere in the u.s., hackers linked to do russia intelligence reached microsoft systems and now the word is the biden administration is considering fighting fire with fire so to speak. watching a cyber strike aimed at the russian hackers need to believe the u.s. and russia are now going to be engaged in direct cyber warfare and what

part of the responsibility lies in the russian government to shut down these russian cyber actors. >> liz, can make a comment because i don't have enough information and ready to believe anything and the trouble is that some of these things, you are doing this and that. and without producing any fact, we see ordinary guy like me can understand. liz: but i'm saying that we have talked to investigators who have seen it these russian hackers. and they are communicating and russian directly with russia ransoms should be paid. i will give you that, you are a banker and you are a business and how worried are you about the retaliations against your bank re- business investments we turn into a cyber war between the two countries. guest: i don't understand why the russian authorities should do this. how we can achieve with us.

and somebody is very stupid doing these things or i don't know. [inaudible]. i don't know. but of course, the bad relationship on the political level would affect my bank and would affect my business. liz: brescia just reported retail sales was much better-than-expected in april, 34.7 percent. you refinance the central banks have worry about overheating the economy in the raised interest rates twice already to 5 percent. the big lending business, do you expect a third of the interest rate height and this year and if borrowing becomes more exposed, how we was a bigger deal with that. guest: will yes, we expect that the interest rate might be raised once or twice during the year. and altogether, by the end of the year may be half or three quarters of a percent. that is not bad or so quite

important. but the year is very good and i agree. and president vladimir putin in discussions mentioned this year will have - and record profits and we made 1.5 more million dollars profit for the whole year. at least $3.7 billion which we have never made to be far. liz: i want to get to the pandemic. you and i don't know if our viewers and others coming up got covid-19 about a year ago, are you okay today. guest: yes, i am fine. liz: that's russian, everything is good. but the idea of forming a global organization to tackle future pandemics and viruses, what you envision your would you involve china and is russian believe the covid-19 was developed in a chinese lab. guest: i said it early this

morning. after the crisis in the financial crisis of 2007 - 2008, the state gathered quickly and we or mated legend in the decision was to create a strong political move. in one second when we received this virus, mr. trump decided to leave world health organization. and even try to make any move to join efforts at all to deal with this problem or to deal with the problem since. liz: and you're saying that was a mistake. guest: i think we need definitely the same reaction like we did through ten years ago. hunting we should say look, this is a very big problem. it's a very serious problem and we should have a set of rules of

how to behave and what we can do if the world health organization positions, let's create another or we can take the mechanism. [inaudible]. seated with china. guest: particular because of the origin of the virus. it cannot tell you about this because again i don't have enough information predict non-americans special services and were just saying that in mio be. i cannot believe both scenarios depending on what things i can learn from. liz: let's looking forward to better relations between u.s. and russia and would that include elon musk targeted test is elon musk state-sponsored education form and russia. how will coming when you be if tesla wanted to open a manufacturing plant in russia. guest: very much. competition among the cars. and to deal with this.

i had the car myself. i love it. but it is still very limited there's no instruction russia for electric cars. i think it will be very nice. in the moment more cost. i have not heard it. liz: thank you andre for talking about the economy, about tesla and about everything. it's going to have you here to give us the perspective from the other side. guest: thinking i hope to see you next year, goodbye. liz: and by the way, tesla shares her up four and one third percent right now. in the wake of yes, andre, mentioning that in the meantime, very serious matters here come the russian government deny involvement with the department of justice said russian hackers are responsible for ramping up on some on american businesses in the doj is now elevating investigations into the recent

cyber attacks on u.s. pipelines and the suppliers transportation systems from basic reservoir attacks to the same priority as terrorists attacks printed is the u.s. government the best want to full-blown a counterattack. parent foxbusiness exclusive, let's bring in cofounder demetri and now the executive chair a policy accelerator working with washington to modernize american cyber defense systems. welcome demetri, you just for my interview with russian baker library and is not buying the u.s. accusations that russian scourging if not outright wanting the attacks in the u.s. what is your expertise tell you. guest: is going to be with you again liz and white interview with andre. of course this is to be expected russia has been denying every accusation of packing for 20 years but the evidence is refutable it's not just accusations we now have indictments with a great deal of evidence needed for the russian state hackers working for the government and military.

as well as her cyber for not necessarily working for the government to but the government of russia fully knows what they are doing, where they are. and they are looking for arrest and prosecuting them. liz: did you hear vladimir putin today the economic conference, this huge business sorry but he said that this is ridiculous. we don't deal with chicken and beef, talking about the main plant pack and then he said, the oil pipelines, what does this is crazy. and andre says, basically show me the evidence. but it was i correct in saying, there is evidence. say all kinds of chatter in the senate and alphabet messaging across the board. you are the extra, what have you indicated. when if you seen in hard. guest: 20 comes to these reservoir attacks, via texting colonial pipeline, the me processor, there was no question that is been orchestrated by criminal groups, not the government by criminal groups

and their operating from russia. we have the russian government is aware of many of these groups announce where they are. there is no evidence that they are supporting them or that they're orchestrating these attacks but there trying turning a blind eye to its per-unit and safe harbor in some ways and same passion that like al qaeda and before 911 we cannot tolerate it we have to demand in geneva, this month biden has to demand from vladimir putin we want them arrested and to be prosecuted. and actually to extradite people overseas the least they put them in jail. and thankfully russia gel is no picnic. liz: just about an hour and have go, they set on "fox news" that the u.s. government of the biden administration should absolutely go on the offense care. i started talking back in a very public way but also a sort of spy secretive way but my question to you, he was a guy who uncovered the russian the basically intelligence agency attack on the dmc come the democratic national committee,

back in 2016 what you see and why should all u.s. businesses who are watching right now do and know about the potential here. guest: they should be aware that they are tech targeted, hospitals pharma companies, obviously pipeline companies, any businesses, school districts and even police departments, there was one in dc that was attacked with the data lincoln and a police department. you're all targeted if you have any money to pay a ransom they will come after you and you should be prepared and you will see that somebody is going to get in. it's impossible to keep them out. but you when by protecting and you need to be prepared and will also plan for the worst case scenario. you need to respond quickly and look for backups, can that be done. everyone should be thinking through that right now. see tip thank you demetri it's great to have you and your

expertise, thank you so much. see you next time. guest: thank you. liz: in a report card it just got on the state of the u.s. economic recovery. is it really the trigger for the rally that we are sing as we head into the final 45 minutes of trading present something else predict say for example resiliency in stocks, traders are about to predict. that is next. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio.

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liz: the not too hot and not too cold made drops report lighting a fire in the nasdaq at this hour, the lately favorite tech names and in the broader markets in the news. even though the number estimates in cbs and 36, three points away from an all-time record close. u.s. economy added 569,000 payrolls this time but that is will blow the 650,000 estimate. the unemployed the rate however, falling to 5.8 percent, a year ago it was skyhigh at 14.7 percent. it makes sense then that the latest reading of the recovery tracker which is compiled by oxford economics, the u.s. economy is now 93 percent recovered it from the pandemic . they track anything from covid-19 cases to hotel stays

job postings memories applications they put all the big cost and show the statistics to come out of it. but the jobs number or the myth that has this market rallying into the closed. tom, all roads i was safety to the federal reserve and you could argue that the will consider hiking interest rates if we see missus on jobs reports like this one. what is a trade if that is going to be the case. guest: you're right liz, the bad news is the second within a row, the good news as is likely going to differ from q4 which would go to q1 of next year keep in mind, cara powell is up for reappointment in february so thus inflation runs extremely hot it he will be entity for that which is great for the stock market and we are sing it today. so it is the trade, we are in the summer told him. over the last 20 years, on average, tech and defensive groups, tend to outperform and we site this today, tech topic

and tech is at about bath, and the reason is that you can buy but today in june of 2021 the same price as june of 2018 what is the difference, the difference is that revenues per share and earnings-per-share and cash flow per share has doubled over the last three years we believe the regulatory issues are largely behind them and the government approved financial to go ahead with business and they own one third of that predict or very positive on tech and defensive groups moving forward. liz: soars you is positive on tech thomas . >> i think i am. and of course gotto ask, i don't know. it's a different time. the jobs report, was very good, goldilocks. a couple of years ago the fed needs to worry about slacking the jobs market and never worried about slackers in the job market. we are seeing what seems to be extended unemployment and we

know that a lot of these jobs can be filled. we talk about the oxford study what we found these 93 percent, while i could work into 95 percent but i've been slacking to but why would you. you getting these great extended unemployment benefits. why go to work, will not doing that but it could become a problem for the economy. i am worried about food prices, big issue printed they're going through the roof so that could be a negative going forward. liz: enemies of food prices rise may be the grocers stocks, were starting to see that and we've got some things coming up on that very focus. thank you guys so much. so mr. obama's on point. rising prices can play both angel and neville brady coming up, he talked to the ceo who shares are certainly seeing the halo effect of reopening and rebuilding and rising prices targeted at how long will inflation last created louisiana top dog joins us on the

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liz: amc capping off just an insane week of trade commissioners of the new york titan nearly doubled this week rated up any percent since last friday's close rated imc market cap now sitting around $24 million from this week's mega move by ceo and american rollout and awards program for retail investors. the real catalyst of the week came today when capitol dumped eight and a half million amc shares but that just bopper around and $27 a share and calling the company overvalued predict that is slipping of those shares, best, and wednesday and shares jumped

exponentially and on thursday, t was volatile session, down 17 percent after amc announced plans to do yet another capitol raise of 25 million shares and today we do have amc shares down about 3.7 percent as we can into the close. in 2022, raised new funds and issuing a warning to investors saying that not to buy shares right now due to volatility at american ceo certainly got people maybe a little bit nervous and is possibly why you see the calling back again today. take a look at the other stocks are arriving this rolling custer, bed bath & beyond down and of course getting slammed it down in a corner presented by perry down about 12 percent. wearing socks are not the only names making major moves in this final hour of trading let's get to edward florez whose has all the action in today's fox business brief predict. guest: lucky sign providing more than the pandemic winners. electric signature firm

impresses this four-year outlook after going earning cells estimates for the first quarter the company upbeat reports and more companies are facing the e-signature technology. apple shares are going higher and the reports and new products in the pipeline, tesla is working on the new ipad pro with wireless charging. as for release in 2022 as well as a new ipad a mini wench could go on sale later on this year. reopening efforts, sweetening the pot for leisure work maker 83 percent jump in revenue and its latest quarter, a strong online sales. and rebounded brick-and-mortar businesses. up next, lumber prices moving lower but for how long the party to have these buildings give his forecast next with the countdown. we're counting down the close of the markets!.

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liz: we breaking news justin the bipartisan infrastructure talks apparently still have the polls at this hour. senator cabinet, the chief negotiator for the republicans, just wrapped up a call with president biden when the both discuss the gop's infrastructure framework and the biden administration proposal. according to a spokesman, she and president biden have agreed to continue the dialogue today. they both sought to reach a deal, what would happen to building material prices which have been skyrocketing all year. this could just turn certainly to lumber for example, while the price of lumber is up 114 percent are . much since the start of the year from breakout coming down from his may highs as skyhigh costs are turning soe

homeowners wake new building with those building homes and making increments are turning to louisiana pacific better known as lt building solutions. and shareholders are as well. but that's our commitment on incredible run. i've more than 150 percent year-over-year on red-hot demand for new homes people using blackouts to get their old homes a brand-new book. let's get into a foxbusiness lp building solutions ceo brad. and we get your reaction to this breaking news. if there were infrastructure deal, somewhere in the ballpark of 800 billion - 1 trillion, what would that mean for your company but also the prices that have been rising for many of the materials. guest: certainly would be good news for our company. we are very much to residential new home construction but also in the commercial side. any infrastructure bill that

would aid in development and building residential homes are commercial buildings, would be added to the current demand we are seeing. we are saying that we are sing strong demand really since late spring of last year. and as you mentioned, translated on the side of our business some really strong prices. liz: let's talk about some of the commodities here. do lumber specifically, you do log us but also what other commodities are you an abusive and what are you seeing from the price from there. guest: so the pricing is that we do use logs, honestly from the type of law we use, we have not seen cost inflation really to speak of other than the fact those logs are transported into our facilities on the tracks. we do use resins usually from derivatives that we are beginning to see price escalation on rated most of our

contract are tied into some type of all derivative the index and so if the price recovers from the climb that happened during covid-19, were starting to see the contract pricing go up that were still below the level of cost that we've had it before covid-19. so were just really a recovery from the disinflation that we were saying last year. that's all that we have seen so far this year. liz: as i see it brad minimum two or three issues, you have rising costs, yet unbelievable demand and you also are faced with almost a crunch because you have so much demanded. we are hearing, not that your homebuilder but you do start the homebuilders. were saying that they are open potteries because they are so busy there's so many people that would like homes to be built they have doubled lotteries to say that we will start with your

house first. so what does that tell you, how long before you see that last. guest: the housing market is extremely strong right now. obviously the covid-19 and the impact of that good for housing demand. we have really seen strong demands both in the new construction and remodel since late spring of last year. women running our facilities at full capacity since last year up until today were in the process of starting up a facility that we have seen years ago that we started up into life. we are able to sell . much 100 percent production week to week. across our entire manufacturing platform. and as of today, there's really no end to the demand. the distributor inventories have been leaning since last year. some thought only is the demand hold strong, but there's really been the inability in the supply chain to build any type of surge

or safety stock inventories so as long as the housing mains strong, we are expecting really good product that we manufacture and we expect manufacturing to be strong for the next couple of years given the demographics and the fact that over the past ten years, we believe that housing has been under built relative. liz: that's what we see, very thin inventory and huge demand creates fireworks for your socks certainly which is up about 75 percent year to date. 153 percent and keep us posted and thank you so much. guest: thank you for having me on the show liz. it. liz: rather louisiana, taking a bite out of one industry's recovery and next, back everybody, is going to breaking out of the worker shortage crisis facing your favorite restaurants and yes, he is

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take a look at facebook shares, social media giant appellate decision to suspend the former president donald trump from both of us facebook and instagram account. for two years. yes, the hammer has come down, to your been an out of the time period, the company said that it will reassess the risk of reinstating his account the shares are looking remarkably resilient of about one and a quarter percent right now the $3130.27 a share, facebook said it was a president praise for people who engaged in violence during january 6th attack on the capitol and on the capitol police. for the reason behind this man and president trump responded by saying it was an insult for the record-setting 25 million people plus and many others who voted

for us in the 2020 rigged presidential election. and continuing they should not be allowed to get away with this censoring and silencing. and ultimately, we will take this abuse anymore, we will win. and again shares not getting hurt. their higher by more than 1 percent so as i mentioned an employment rate went to 5.8 percent animate jobs reporting it yet the company still safe they are desperate to find workers especially in the business and new york city rated charlie gas bring has just flown in from miami. in midtown. what you have for us charlie. guest: that is great restaurant hitting started by the brothers. dissing right here. they are the owners. and here he is a chef as well. sorry, i forgot to hold my microphone up here. that's odd and i am on tv.

[inaudible]. [inaudible]. liz: that's a total rookie mistake. >> with this is ground zero for the problems you see an employment report. the massive black labor lack of labor participation is starting small businesses in these folks cannot convince people to work for them and if they do, they have to pay a lot more money and it's squeezing the margins or wanted turned to the chef first . possible, hearing the kitchen every day. how many people do you need down there now that you don't have. guest: we have a hundred and we did another hundred people. guest: and you cannot get people. >> absolutely not. people, they call in the phone and they say, what kind of job are you offering and what are you offering. and you make an appointment but they never show. so we have open positions of

dishwasher and coke and whatever we need. it is beautiful. it. guest: you run the place and you in the business guy in many respects. as a starting your margins. you operate on these margins correct . guest: yes on any given day, we have customers at the door right now because we don't have enough stuff to the kitchen and enough staff for that to serve them and we don't have enough staff for preparations. and it everything that we need it. everything every day, it's a new day for a restaurant so you need new preparations every day. and you need the guy the custom in the guy that cuts the fish and that the vegetables and someone. so for me, we only have two guys. guest: it is not like you guys are competing with a restaurant

across the street. you're competing with joe biden and the federal government throwing money at people to stay home, is that accurate. guest: mr. president, please, let's stop assisting unemployment for everybody. let's stop this unemployment benefits for everybody, let's let the people need to come back to work. as a important for industry because we employ a lot of lot of people. it so obviously a lot of us had to close down because the staff is not available because they get better benefits from the unemployment system at home. so they don't even go out to look for a job. it. guest: i want to draw home that this is a really important story for our viewers, during the pandemic, the government shut you down.

question how many restaurants. and how the government is causing even more pain five forcing dangling benefits to people so they don't have to work and instead they stay home instead of working for you. guest: that is exactly with the government is doing. not realizing the damage they are creating to this industry. guest: do you think 11 come back to the 10 percent profit margins that you had in the past. >> no listen, let's say that one day people say in september everybody will be coming back rated to new york city and including the people, a lot of people that left. every office will be back again. at the restaurants will be back. guest: at your food cost up printed. >> yes of course. but don't forget that we are accumulating things for 15

months we have not paid for. so not just on people. [inaudible]. >> we have to go, lives back to you. i hear the music. liz: good for the brothers parking at newmarket going to the big coin conference, the biggest in the world in miami live next. (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. what makes new salonpas arthritis gel

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♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa liz: four minutes to go before the closing bell rings, the s&p just had second-highest moments ago gained 37 points and that will do it for a closing record the dow is up 180 and a second 200 points. now the week we can take a look here, is been really volatile week keep in mind that the markets appear to be closing and just about three and half minutes.

and let's get to this one, elon musk is seemingly splitting us with people and after a couple breaking up of the big coin # and the broken heart emoji. the crypto markets were triggered and spiraling at bitcoin and the prices at the moment that bitcoin is down about five in percent or $2159 for the downside at 36000 and keep in mind that just a few weeks ago, if was that 64000 and change and this is the securities exchange commission on the bitcoin application and this time from wisdom. back in april the decision on the bitcoin applications. so will they continue to try to lightly over that bitcoin and finally getting it this year. let's take us live to the bitcoin conference in miami. it and ceo, what is it like

there. what are they saying about the lawn in the everything else. guest: liz, you should be, i know you are the brookshire hathaway conference but you need to put this list of next year. bitcoin is much bigger than elon. you have 12000 people, more than $1500 and it is a real think it this is not a fad. the business in the business is all looking at this closely and as you said, is liner the borders at the sec for applications for the bitcoin and eventually we will see it. not going to build a holdback demanded in most investors want to be able to buy them. their fidelity account and as opposed to a corn -based economy or something like that parking at this, it will, and it will eventually be here for unit. liz: there is the q etf that is out there where every name and

there has to be about 75 percent and involved in the crypto world. talk to me about what the holdup is. guest: so those are great proxies because investment but nonspecific into the crypto itself. what people want tobias thousand dollars of bitcoin and thousand dollars show up in their account. the holdup is that you've heard over the years, concerned about security and concern about the crypto's space. in the industry is doing a good job of being responsible, they are talking closely with the sec and eventually the sec will have to give it and on. you have institutions reporting millions of dollars. liz: really quick, 50 seconds. which is a favorite, tell me. guest: i think right now, bitcoin has been the star, but a

lot of people are looking to imperium. now for your serious money. liz: and is going to see you tom. next year in miami and is the bitcoin conference, you and me. there we go, again of 184 in the dow, just right there for the s&p. let's say yes, that will do it. for that the claman countdown. >> hello everyone, and welcome back. i am here from jacksonville florida, larry kudlow. somebody said the conference this morning i spoke, and governor desantis spoke ahead of me. larry: and i don't think that it was him, he was somebody from the audience said let's make america like florida. how about that. anyway he gave a good talk w