looking at it very closely. charles: yeah, i think i'm in. i think i'm slightly down but i feel very confident. guys, you both are fantastic. i really appreciate it and when i'm ready to sell shah, you're the first person i'm calling meanwhile folks nasdaq has been strong all day long trying to pull the other indices along with it. you know, liz claman, i wouldn't be surprised if the s&p turned positive during your last hour. liz: okay, well, we'll see if that can happen. i'm fine with looking at the russel, but not the dow which is down 150. you know charles r wu just talking about amc, you can't beat a good meme stock down. the nasdaq trying to punch higher here by about 44 points, thanks not to mega cap nasdaq stars but to the fire in the belly of blackberry, game stop, and yes, amc. the so-called meme stocks burst ing into the final hour of trade here, amc entertainment, most of the sessions leading the charge, up at one point more than 15%, stampeding wall street

short sellers once again. it comes as apple's tim cook, the ceo of one of the mega cap nasdaq names faces the worldwide developers conference for the first time since the fortnite creators took him to court over high app store fees. our power panel is here on the hot innovations just revealed but perhaps more importantly, whether those app developers are buying apple's message, and why can't the stock break out of its sideways trade? the grand reopening putting live concerts back on the schedule as ticketmaster gets back to business and parent live nation signs on as the producer of what is definitely going to be the biggest welcome back concert right here in new york city. first on fox business, live nation ceo is here to tell us how and which of the america's top stars are ready to jump back on stage. president trump calls bitcoin a scam as a current sitting

president of a different country goes all-in on the cryptocurrency. we're going to show you which leaders stance has the most power over crypto prices right now. this may interest you, definitely, but again, crypto is always a developing and breaking story. let us get off, speaking to breaking stories with amc ic can ning off the week with an en core performance as it awaits the first signs of life on whether it will be given entry into the russel 1,000 index. amc by far the biggest winner of the russel 2000 small caps this year, up more than 2400% since january 1. b riley also helping the meme stock today restating its bull ish case for the theatre chain which right now is up about 10.8%. on reopening momentum, you've got to look at that and the steps that ceo adam aaron has taken to bolster the company 's financial state including taking advantage of the reddit rebel movement to help raise new funds. charlie gasparino, by the way,

is just now getting in front of the camera. he's going to have more, he's working on the phones on what's really driving amc's games today , and what may hold it back in the next couple of days. even though shares have been up about 25% at session highs, again, right now we're keeping an eye on it but they're up about 10%. fellow wall street best favorites also coming out of the gate very strongly, and again, going into this final hour of trade let's check it game stop up 9.5%, cost corp. up 3.8%, blackberry not bad, up 10.6%. we've got to get to this apple story that just wrapped up. tim cook came out to a virtual audience of memoji's that he introduced but he didn't address the elephant in the room, the apple ceo at the worldwide developer conference made no mention to its key audience about its practices and commissions they charge his key audience. the developers, but apple did

launch the latest version of ios , and updates to software that runs on apple iphones, ipad s and other devices. of course it's a week-long worldwide developers conference but let's bring in senior research analyst dan flack, and john meyer. john by the way has developed what, 40, where are you now? >> a little over 40. liz: 40 apps, john for apple? >> well i haven't developed in a while, so you know, that all stops a number of years ago. i've been running companies the last few years, so that stopped back i guess in 2016 or so. liz: well yeah, that would speak to the fact that app development can be very lucrative with or without the 30% commission. john, i will start with you. tim cook did not even give a nod to the 30% commission, buffets book ceo mark zuckerberg did, one hour before the worldwide developer conference started. he put up this , was it a facebook, it was like yeah, he doesn't really tweet, but that's

right. here we go to help more creators make a living on our platforms, we're going to keep paid online events, in our upcoming independent news products free for creators until 2023 and when we do introduce a revenue share, it will be less than the 30% that apple takes. you think that's going to have any sort of magnetic effect of drawing people away from apple's app store? >> i mean, i think it's a hilarious jab at apple. i don't think it's that meaningful, considering that again facebook makes most of their money on ad revenue and tracking user data not necessarily developers and apps but it does, it's a huge contrast. i mean, it is a monumental contrast between mark zuckerberg and before this developer conference putting this statement out and then apple not mentioning developers at all in this event, considering everything going on with epic, everything now going on with facebook and privacy, not one mention, and i think it's a huge difference, to be

honest, between the steve jobs era and the tim cook era. i think the steve jobs era there would have been at least a five to 10 minute section that was just a one-to-one between him and the developers, running down why they are making these choices in terms of pricing and commissions and so on, so it was a bit strange not to mention that. liz: i don't want to give all of the oxygen to facebook but dan, we've got apple shares down a half a percent, buffets book stock is up 2%. as you move facebook aside for the moment, we do have to look at the fact that apple shares have been treading water. its been very much a sideways bet here. what forces it to eventually break out to one side or the other? >> liz, i think it's going to be execution on their product cycles and continuing to broaden the platform. we've obviously seen good growth in areas like services and wear ables. i think that will ultimately be key to creating shareholder value and if we look at the developer community and

certainly what we saw today, first apple paid over 230 billion to developers since opening the store and the majority of apps are free, but i think what's important is their ability to continue to empower the developers, to create on top of their platform with technologies such as augmented reality. that was shining through today and so that and the product cycles i think are key to driving shareholder returns over the next couple of years, for apple. liz: yeah, i would say don't count on apple. it's such a layering on process and they are a very sticky business model that's unbelievable. john let's talk about some of the things that they unveiled here. we could pick any number of areas that apple could very well be trying to put out of business. i don't care if it's zoom with share play or , you know, all of this stuff that you can now edit in your photos putting wedding video makers out of business, but you've got to tell me what jumped out at you here. with share play, they've really

focused a lot on the people and bringing them together, the grid picture that we have on screen, does this make zoom nervous? >> oh, it's huge. i mean, i was just conducting a massive , you know, key study amongst teenagers and we were finding out that for teenagers just apple in the messages app, you know, a year or two ago, adding the functions to respond to text with like a question mark or exclamation point, that , according to them, was a huge cultural change and so now these features for messages and face time that allow you to interact with your family, your friends and screen share with them and watch movies together, or now you could do face time across different platforms like android or even the web, it's a really incredible new, i'd say, cultural step forward because when apple makes these advancements on the iphone, you can call these things little features, but they fundamentally change the way you interact with

your family and friends on a day-to-day basis and when apple does these things, the little tune-ups, they're huge. they completely change your day-to-day behavior. liz: i've got to bring up something that craig, because we're on first name basis with these apple people. the sound that we pulled, the comment that he made where he looped in a huge echosystem of other participants, let's listen to what he said about what people can do on share play and how many other opportunities and platforms you can pull in as you do it and then daniel i'll have you comment on that. >> uh-huh. >> watch blockbuster movies with your friends on disney plus , and hit tv shows on hulu, catch originals from hbo max and see your friends react live to a buzzer beater in the nba app or a speed run on twitch, jump on tik tok to watch the funny videos of the week, learn a new skill with a friend on master class and so much more. liz: i would have thought apple

plus and disney plus are at lagg erheads but daniel what does this tell you about how broadening the view tim cook has about this company, and what it means for all of the stocks of those that have been mentioned. >> liz, i think the announcements that we saw today specifically what you highlighted there really shows the fact that apple can't do all of this alone. it needs to enable and empower partners like disney, it needs to make sure they're successful as well on the apple platform. that's a key part of the story that i think at times gets over looked and if you think about pulling those services together and integrating the hardware and the software with it to deliver great outcome s, clearly media or sports as we talked about is important, healthcare, the apple heart study, and really bringing benefits to user's lives across a variety of different areas, that's what's important in my view. it's about empowering others. liz: somebody flexing their

muscle here, and it looks like apple because all of these names , at&t, amazon, walt disney , obviously, and the rest, are moving slightly lower. john meyer, dan flax, great to see you and again we can't see apple breaking out down about half a percent but we'll see what other news this worldwide developers conference brings us thank you, gentlemen. >> thank you. >> thank you. liz: fox business alert. it's one step for billionaire leading off today's pop stocks. amazon shares in the red on news that billionaire founder and soon to be ex-ceo jeff bezos, will be aboard his own space start up blue origins inaugural flight. the new shepherd rocket is expected, you're looking at it right now, i don't know, it's very nerve racking that's his brother when they were kids, july 20, was bezos on board aside his brother mark and a lucky winner of an ongoing, online auction to be one of the

passengers. the top bid right now nearly $3 billion for a seat on the coveted space flight. okay, b with a billion? really? okay amazon though not feeling the excitement. it's down a third of a percent. >> despite being beaten by his billionaire rival to space, shares of richard branson's virgin galactic are moving higher this hour as well as hol icity, of course, this is a spac, merging with rockets up 4.5% at the moment, but fellow space cowboy elon musk dealing with new concerns at this hour, right here, the tesla ceo announcing that his ev maker is being part of the cancel culture here. he is canceling the planned 590- mile range model s plaid plus. this is a very fancy highest-end version of the model s, because, he said, the regular old plaid

version clocking in at 390-mile range, is "just so good." it's enough, that will do, investors are clearly fine with this at the moment. shares right now up about 1% for tesla, you know what? let me fix that right there. i knew that didn't sound right, 3 billion. nobody is spending 3 billion to possibly completely die. i mean, no. it's horrible. i be so nervous. 3 million. 3 million. peloton climbing higher on the nasdaq's leaderboard after loop capital initiated coverage of the high-tech fitness equipment maker at a buy with a price target of $140. loop saying peloton's treadmill recall has already been left in the stocks rear view mirror. oh, yes it has. folks it was down around $80, just a couple of weeks ago. it is now at $110.37, climbing 7 % right now. and merger monday, living up to its name with a major infrastructure deal. vulcan materials buying out

u.s. concrete for $74 a share. that be a 30% premium from friday's close look where it is right now $0.10 away from that, 73.90 at the moment for u.s. concrete, so looks like the price is about right. vulcan down just under 1% as it dips into its coffers to pay for the nearly $1.3 billion all- cash purchase but who knows, would definitely pay off if we get an infrastructure bill. we shall see. crypto clash bitcoin caught in an international battle between one central american president and former u.s. president. whose winning and whose losing in the market's final hour of trade? we take it up with the floor show, next, closing bell ringing in 45.5 minutes the "claman countdown" is coming right back. stay with us.

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>> bitcoin, it just seems like a scam. i was surprised, you know, with us it was at 6,000 and much lower, and i don't like it because it's another currency competing against the dollar. essentially it's a currency

competing against the dollar. i want the dollar to be the currency of the world. liz: former president trump pouring cold water on the bitcoin crowd, dissing the original cryptocurrency but just as one former leader is calling it a scam, another world leader making history this weekend at the bitcoin conference in miami. el salvador president announced his country is in the process of accepting bitcoin as legal tender, and when approved it would make the central american nation the first to label bitcoin as an official national currency. the president is saying he wants to "design a country for the future, generate jobs and help provide financial inclusion to thousands outside the formal economy." as we look at bitcoin, it has been trending much higher earlier today. it is slightly down right now, let's get to our floor show traders, tom haze and phil flynn this is very interesting, you

know. he is a very young leader obviously president trump is in his 70s, but it was interesting to me to see how the crowd was, phil flynn you've got to talk to me first about exactly how you view this and how the world will view, i mean, a small nation, yes, el salvador being the first to take it as a legal turned. >> i think it's the next step towards legitimizing cryptocurrency, it's happening and i think president trump is right. we all want the dollar to be the dominant currency in the world but if you want that to happen, you better start moving with the times, right? you know, right now, we have to move the united states towards a digital currency and i think the federal reserve is already talking about that. they are already making plans to do this because that is the future. liz: yes, they are. >> so i think that what's happening here is that this is the first, it's not going to be the first country that does this you're going to see a lot of central banks around the globe get into it, because it's like

infrastructure, right? our infrastructure is old. remember it used to take 10 days to clear a check and now you can do it instantly but it's moving much faster than that and if we don't keep up with the times the dollar is going to be a dinosaur and these new cryptocurrencies are going to rule the world. liz: well, tom, when you look at what warren buffett told fox business just a few years ago, 2015, he and charlie monger was first to call it rat poison and then buffett told me it's expensive rat poison because it had gone up in price to well back then $3,000 but at 35,000-plus, at the moment, phil is right. you have big non-profit organizations testing the viability of federal reserve s and central banks putting together their own digital currencies, china has already done a digital yuwan, singapore is working on it so we don't want to be left in the dust for evolution, right?

>> well we're the world's reserve currency, right now, liz so el salvador has nothing to lose by switching to bitcoin but we do. history proves most people buying bitcoin are doing it to hedge inflation, fiat currency printing, but warren buffett said that if you panicked about the $40,000, 40,000 percent increase in our national debt over the last 77 years, you would have lost a tremendous amount of money because you would have bought gold, say you bought $10,000 of gold in 1942 to hedge inflation versus $10,000 of the s&p 500, would you have lost $50 million. the 10,000 of gold became 400,000, the 10,000 of the s&p 500 became 51 million, so in the short-term, these non- productive speculative assets can do anything but in the long term if you want to hedge inflation and money print ing, you want to own productive assets with yield, and for my money, you want to own the s&p 500, that's the way to hedge inflation, and i think president trump is correct, you

know, it is potentially questionable, but these things can stay irrational longer than the doubters can stay solvent. we found that out 400 years ago with tulip mania when the price went up to the modern day equivalent of $350,000 before crashing and never returning, so i think central banks are going to take over digital currency. i'm not sure that bitcoin is going to be the digital currency of the future. it will be controlled by central banks moving forward in my view. liz: well, notwithstanding the dow's fall right now, it's up 28% over the past year, and the nasdaq is up 40-plus percent , so again, equities at the moment seem to be very much a place to be. tom, phil, thank you and speaking of cryptocurrency, folks we have this breaking news just in. officials from the justice department are holding a press conference right now, i believe we have a live picture, right now, discussing the dark side ransomware attack on the colonial pipeline that led to gasoline shortages on the

eastern seaboard, this was just a few weeks ago. you're looking at deputy attorney general lisa monaco saying moments ago the department of justice has seized 63.7 bitcoins, this maybe why we saw bitcoin turnaround. i don't know but 63.7 bitcoins valued at $2.3 million directly related to the ransom that was paid by colonial pipeline. no word on any arrests just yet, but this apparently can be traced and it was. we're going to follow every minute of this news conference we've got a team back in the director's booth looking at this and we'll bring you any developments as they become available. we should look at rising costs and bidding wars, we know that right? they aren't the only issues facing home buyers right now. why the worker shortage is now threatening your big move to your dream home. wait until you hear this one. closing bell ringing in 36 minutes. russel 2000 up 34 points right

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liz: landing a contractor for new home construction or even just a small renovation was already a hunger games level s, right? with customers battling each other to get on contractor's schedules, but now, trying to find a mover once the place is finally built? grady trimble is at a moving company warehouse in broadview, illinois, with the latest post- covid shortage making everybody's lives a little difficult here. grady? reporter: liz it is long-haul moving truck drivers. there are just not enough of them right now and the demand for movers is through the roof, partly because of covid, so there are delays as much as three or four weeks, for some companies. we are at mini moves, john alian

ello is the coo of this company. you're not experiencing these major delays like some companies are but what is causing it? >> it's part of the pandemic. it's part of the driver shortage for the past 10 years and moving and storage industry and it's the pent-up demand, what's happening with people moving since you know longer have to live where you work. so fortunately for us, we're a containerized model company, we put our shipments in container, and transit times and we fit within that scheduled time so your owner operator, your long-haul driver, is taking much longer for them to receive their goods. reporter: what's the solution to this because it doesn't seem like the boom in people moving to new places is ending anytime soon, so you guys just have to catch up to the demand right? >> yes that's true. we're working on that using alternative solutions as well, i think that's very important for our industry to grasp and handle that take control over that. reporter: you work logistics sort of. >> scheduling and of course, labor, higher more people. reporter: so how long is this going to last this boom in moving and these shipping delays

>> we see it strong through fall. normally, season ends in august but we see it extending probably through the end of the year. reporter: so john mentioned there, liz, summer is obviously a very popular time for people to move, but as he said there, this is a trend that was going on during the pandemic, and even though the pandemic is wanning, people are still moving like crazy so who knows when it's going to end. they say fall, could be even later than that. liz: well, hunger games, right? hunger games but hopefully people will step up and sign on to be drivers if they are good incentives there, grady thank you very much, grady trimble. let the music play on. live entertainment down for the count during covid, but a late breaking grand opening concert, we should say reopening , just announced and it is breathing new life into the industry and live nation stock, first on fox business, live nation president is here to reveal the hottest act finally

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including guns n roses, florida georgia line, and so many more. and everybody is really ready for this as the vaccine rollout began kicking into high gear in january since then live nation stock has seen year-to-date growth of 21%, and more than 57% year-over-year. first on fox business, we bring in live nation entertainment president joe burktol. new york city is a buzz with this central park homecoming concert news, a tentative date august 21, live nation is going to produce it. tell us how this all came together. >> thanks for having me on, liz it's great to see you guys again we're just delighted to have the opportunity to work with the mayor and the incredible cly davis. it was really the two of them that got this rolling, and as we told them and we've told many others in different cities around the country and around the world, we're here. we want to be part of getting people back out. people want to get out, socialize, see each other,

concerts have an energy like nothing else that we do, and we know people want to get back and if there can be some city-led things oral of the tours we have going on sale we're delighted to be part of it. liz: can you open a window into how the idea for this homecoming concert came together? the mayor says it was about three weeks ago and he called of course the iconic clive davis the top music producer for so many acts from bruce springsteen on and on and tell me when you first got the call and how you dove into getting the planning up and running. >> yeah, they reached out to us a bit ago and we just said of course, what can we do? what do you need? we're happy to put our entire capability to put on these sorts of festivals together, we're obviously doing a lot of festivals this summer. everybody is gathering outdoors, we have the global citizen event that we just helped put together a few weeks ago here in la. we have governors ball that we're putting on in new york over labor day weekend so for us it was a natural.

we'll help produce the event and put it on and make sure all of the pieces run smoothly and do whatever it is the mayor or the city and clive need us to do. liz: i know there are no official acceptances from the acts but who are we talking about here? there's so many new york born people, from lady gaga, i mean, it goes on and on. you have to tell us who you're looking at at least. >> oh, no, it'll be exciting. that i can tell you. sorry, liz, but it's going to be an exciting show and again just the start of a lot of excitement that we see out there. liz: yeah, the great lawn where it will be is 13-acres and so iconic. you think about the simon and ga rfunkle 1980s concert that drew 400,000 people. if people are so excited to get back out, talk to me about the latent demand and how you are watching it, when it comes to putting up the smaller concerts that are already ready

to happen. how quickly are these shows selling out? >> it's amazing they are selling out faster than we've ever seen before. we had city limits sell utility in an hour in austin. we had the rolling loud festival sell out in record time. we had bottle rock up in napa valley sold out in a minute for its tickets so you're seeing festivals which are the greatest experience where you want to go for the weekend, the entire day with your friends those are selling out, governor's ball is selling out faster than ever before and a lot of amazing tours, garth brooks setting a record selling out stadiums in under an hour, and most tickets we've sold for any artist at the on-sale in three years. this year, or this week, we have probably the biggest on- sale week we've ever had over 30 tours going on sale from bruno mars to lady gaga, chris stapleton, the eagles, massive.

every artist, every genre is on fire and we see that we're a supply-driven business. the demand is there. there's zero question about that fans want to get out, and as the artists are coming saying i want to go, let's get something set, this fall into next year, we're putting them all up on sale and they're really doing well. liz: and joe, that goes for broad way. broad way is about to reopen, so the big shows from lion king to hamilton, they're ready to fling open the door once again on the so-called great white way. tell me what those ticket number s are looking like. >> those are looking strong as well. the firsthand full of shows went on sale a few weeks ago. all of them performing ahead of expectations, doing very strong numbers i think we're seeing more shows coming on sale over the coming weeks as they plan for their reopening around labor day. liz: you have the best job on planet earth i think. i really think that when you

look at all of the acts, keith urban is set for las vegas in september, vegas has got to be a very exciting place for concerts now they have the raider stadium as well. >> yeah, las vegas is on fire, absolutely. a lot of artists are figuring out there are many ways that i can have to connect with my fans and historically they would go on tour and do the big arena stadium tours and a cycle of going to our festivals and now we very the las vegas residency having a great heyday as well where you can go and work out at one market and get a lot of people coming through and do a residency there so we're seeing a lot of really great artists doing that and we think that'll certainly continue all of this leading to next several years, we expect, just to be on fire in terms of the volume of concerts, and what people can go see. liz: well as a business network, we say business is back and concerts are very much a touch stone for that point. i think it's a huge business story especially the homecoming

concert, and we will be there to cover it. joe, thank you very much, joe be rchtold, of live nation. >> thanks liz, we'll see you there. liz: you got it. now, as if amc shares needed more rocket fuel, now the company awaits an important invitation, potent are into the russel 1000. charlie gasparino at it again with the reddit room rebels what's really behind amc's blockbuster moves today, maybe tomorrow, and what happens after that. charlie is about to break some important news here, closing bell in 17 minutes we are coming right back, don't go away. shingles? oh... you mean bill.

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liz: could another rising reddit room favor be ready to take the spotlight away from amc, have you heard this one, r. a. medical, shares of this company are surging, 79% on what some watchers believe is another organized short squeeze. the stock, which was halted earlier in the session, is jumping ahead, but again, it's an $8.65 stock at the moment, but you can see the sudden jump in action, if you look at this chart, shares are relatively calm in may, but then , suddenly you see the skyrocketing here, last week when the vascular determine to o gillian tools maker became a popular name in social media circles more mentions of them, right? well the meme stock trade is getting the attention not only of investors, but of the securities and exchange commission, who today, said that it's monitoring the market and " ongoing volatility in certain stocks" and that it, this is key , it will act, if any violations of current federal

laws are found. violations such as what? well, moving back to today's main event in the reddit revolution, forget amc to the moon. in just the first five trading days of june, shares have been to the moon and back, so far this month, the current king of meme stocks has soared 110%. let us get to charlie gasparino, whose done battle with the amc fan base, but depending on the day they love you, charlie. charlie: by the way, it's 110%, you better check that number, i think it's 150 to be honest with you since last month when it was trading at $9 a share and now it's become something like $54 a share, just check my math on that but this is very interesting. liz: you got it. charlie: the gyrations in amc and gme , game stop has clearly caught the eye of sec commissioner gary gensler and we have a lot more to report, but sources are telling the fox business network that he is so concerned about the potential risk for small investors in

buying these stocks, particularly through discount brokers and apps like robinhood, that he maybe imposing an sec rule known as regulation best interest on these apps, on robinhood on the discount broker s and what is regulation best interest do? it's basically a rule for broker s that says if you're a broker and you recommend the risky stock to your client, you have to tell them about that risk. you have to know your client. this be a sea change in regulation if this is to occur. these apps like robinhood, as you know, liz, are simply passive, right? you direct the trade. you, the individual. if between that trade, and it's being executed, you directing it and it's being executed, robin has has to step in on certain stocks and tell you about the risks involved in those stocks, that be a huge regulatory burden on all these discount brokerages and would put costs on, they probably would cease being discount brokerages but gensler has brought this up and how does he

get around this. gensler is no dope, obviously been on wall street a long time. how does he get this rule to apply to the discount brokerage or to robinhood. the way he's thinking about it and this is what he's said to people, is that because robinhood and these other discount brokers often encourages buying of stocks, like confetti blowing up although robinhood has discount ed that but this is what they use to get people to basically buy stocks. because of that, it can be interpreted by regulators assad vice, thus, regulation best interest comes into play, and you better tell them when they are buying amc at $45 a share or $55 a share, this is a risky investment. again, this is what he's telling people. i don't know where he is on the process, but clearly, this whole meme stock thing is really concerning gary gensler, he's not just looking at it from afar as that statement pointed out. he is looking at regulatory actions, i mean, there's no

doubt here, and this use of regulation best interest on a discount broker, on someone like robinhood, which as you know is coming public soon, be a sea change to the way brokerages are regulated particularly these online brokerages like e-trade, ameritrade, no fees, they don't tell you what to do, but gensler has told people well, by encouraging buying you're kind of telling people what to do so best interest may come and you better, there maybe a stopgap like right before that trade, you might have to warn investors that risk is involved. we should point outlast week, robinhood itself, excuse me, amc itself, warned investors about the risk inherent in buying stocks at these levels and this is before when it was in its 40s, it's a secondary offer ing which are sold in shares and basically said listen the price right now does not reflect historical averages, and historical price trends and guess what?

we're a money-losing company. you might be holding on to something that's going to decline in value dram at beingly that's not stopped the frenzy, why that is? some of it is people believe that people are coming back to the movies, i think some of it is they want to stick it to short sellers and create a short squeeze. i'm going to tell you something, liz. there's almost no evidence of a short squeeze in these stocks i can't tell you that shorts aren't losing money but if you want to cover your short bet, these stocks are very liquid right now. so there's no squeeze where you have to pay dramatically like there was earlier in the year, so if they think they are doing us, they they are screwing big time the hedge funds i don't really think they are if i keep buying the stocks but that's their business, i'm just a simple country reporter, but gary began letter doesn't like what he sees and watch this story, liz, it's going to be a big story, regulation best interest if it's imposed on robinhood, man that'll be a real

tough one. liz: okay we did check your math yes, month-to-date, it is up 110 %, quarter-to-date, charlie it's up 437% but you're correct. big jump and they are only five trading days so far this month. all right, coronavirus vaccines inoculating americans as the fda gives the thumbs up to a new alzheimers drug. today's countdown closer tells us how biotech could give your portfolio a short in the arm, we're coming right back. ♪ ♪ ♪ ♪ ♪

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♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪. liz: oh, boy, uc berkeley breaking the nft world this hour, launching first-ever auction of nobel prized nft. university of california, berkeley offering nfts for the patent disclosures of two nobel

prize-winning inventions. one is tied to the paperwork describing a revolutionary approach to treating cancer developed by cal berkeley professor jim allison. that nft, $36,000. dr. allison shared the nobel prize of medicine in 2013 for his work. let me show you the other. i just got it. here we go. this is what is looks like the paperwork on the nft. might not look sexy. the school plans to auction these, crisper cast nine gene editing, where berkeley shared the nobel prize. first of ever drug alzheimer's disease giving biogen's drug. let me bring in scott redler. just the latest reason he says to invest in the biotech sector. what is going on?

>> liz, i was looking at the biotech sector before the news came out. if you look at three different ways to invest in the sector, i like to time the market. you can do the ibb which is an etf which gives you a broad impact with the bios. the xbi. both of those, if you don't want to be a stock-picker i like them both, they both crossed two dow trendlines. the news caused a little bit of excitement. you might sit for a day or two to digest. that is one way to do it. if you want a safe way to do it being go with pfizer. pfizer has a full setup. 4% dividend. 10% off highs. we still have to take the vaccination. being disputed in europe right now. probably distributed all summer. we'll have to take some kind of booster shots in the fall and winter so that company could be in play. lastly everyone like as little bit after speck play. one we went over before. mustang bio.

they are presented on friday in europe to hematology congress. they could get a pop. three different ways to time the bio sector. i think they're back in play now. [closing bell rings] liz: cot red letter, great to have you -- scott redler, great to have you. nasdaq gaining half a percent. red on the screen for the dow and the s&p. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. several weeks ago i read a wonderful column by my old pal gerry baker, himself a "wall street journal" editor-at-large. this was in "the wall street journal" as i recall. the thing was titled, did biden peak on inauguration day? then it went on covid confusion, mid-east chaos, the threat of inflation, he doesn't have many victories to point to. we'll g