triumph we shall wave over the land of the free and the home of the brave with. god bless everyone. don't ever let anyone, anyone deter you from being successful or not loving being an american. ashley, over to you. ashley: well said, my friend, charles payne. don't listen to those smug elitists. the american flag stands for so much not only here, but around the world. so very well said. and what an intro to the show. charles: thank you, ash. ashley: have a great weekend, charles. thank you. breaking news, president joe biden dining with the queen to wrap up day one with of the g7 summit in the united kingdom. the global response to the coronavirus pandemic, cybersecurity and ransomware attacks and the global minimum tax rate among the top economic items being discussed. former u.s. ambassador to the european union anthony gardner will be here with a full analysis of the day's action.

plus, the rush to the great outdoors till in effect -- still in effect as the pandemic slowly fades. the academy sports and outdoors ceo will be here to tell us why guns and gear are flying off the shelves even as america's grand reopening moves forward. plus, markets mixed at this hour as we finish out the week as the nasdaq tames aim at its fourth -- takes aim at its fourth straight weekly win, up 25 points. the s&p 500 can also clock its second straight win, any gain will do that, right now up a mere 2 points. just with under an hour before the close, but let's get to this breaking news. president biden, as we said, dining right now with g7 leaders and the royal family at the eden project in the u.k. the president along with the other g7 members met with queen elizabeth as part of this three-day summit. today's session focuses on global economic issues such as

donating a billion covid vaccines to poorer countries with the u.s. chipping in half of that amount. other topics on the three-day summit include climate change and support for setting a global minimum corporate tax rate of 15%. blake burman has been following all of the action. he joins us now louvre from the white house. good afternoon, break. >> reporter: good afternoon to you as well. a pretty big endorsement to start off the meetings earlier today as the g7 leaders, you're right, have endorsed a global minimum tax on corporations of at least 15%. that's how it's being phrased, at least 15%. this, as you know, had been an issue that the treasury secretary, janet yellen, has been pursuing for quite some time on behalf of the biden administration. a senior administration official saying to reporters in the lead-in of this endorsement the following, quote: it's a major statement to have g7 unity on this effort. it will serve as a springboard to getting broader agreement at the g20.

we see this as a critical step. at the expense of workers, at the expense of investment in domestic renewal and at the expense of growing the middle class. simultaneously, g7 leaders were set to discuss potentially ending the digital services tax as well. as you know, that is something that american tech companies have been pushing against. they feel that that they were targeted with that potential tax. the meeting, meetings, rather, have been taking place behind closed doors, but reuters is reporting that the leaders at one point did discuss inflation, but that the feeling in the room is that inflation is temporary, at least the belief among those leaders. you can see the video here before we go, of course, should mention if as president biden, g7 leaders you can see sitting down and meeting with the queen herself face to face just a little while ago. inside the u.k. ashley. ashley: that is a picture, indeed. blake burman, thank you very much. a big topic as we've been talking about at the g7 is

cybersecurity. and, by the way, mcdonald's and ea sports the latest hacking victims. with we don't know yet by who, but the solarwinds, colonial pipeline and jbs hacks are all being blamed on groups in eastern europe, russia. joining us from italy now is the former u.s. ambassador to the e.u., anthony gardner. he worked -- he was, by the way, instrumental in u.s./e.u. coordination of sanctions against russia following its annexation of crimea. ambassador, thank you so much for joining us. lawsuit or on in the day for you on -- later on in the day for you on this friday. let me begin with cybersecurity. how complicit do you believe russia has been in these hack attacks, and what should joe biden say to russian president vladimir putin when they meet next week in geneva? >> it's very hard for those who are not very close to the g7 view on this, but it certainly

looks like -- giving safe harbor to a lot of groups that are operating with impunity in russia. what we've been told by the government, i think it was -- [inaudible] so the message should be it's got to stop. but not just it's gotta stop the, i am now, joe biden, working closely with our allies to put pressure on you. and we're going to look at a full range of increased sanctions on your regime. and i, as you said, was involved in sanctions that we rolled out with the e.u. and our allies that were effective after the russian invasion of ukraine. so they do matter. i personally believe we should have gone much further than we did. there's a lot we could do including russian oil and gas, debt markets, capital markets to really hurt the --

[inaudible] ashley: yeah. be interesting to see if joe biden will take that step. i guess we'll find out. apart from that, we have a three-day summit. joe biden finding his feet for his first foreign trip as president. what do you think could come out of this? i know we've talked about global minimum tax rates for corporations, that's one thing. they'll talk about climate change. what else do they have, vaccinations, talking today about getting, you know, those vaccines to poorer countries. is that about it? it's only a three-day summit. what is the important takeaway for joe biden? what will he hope to -- >> part of it is symbolic, that the united states back and working with allies, working with multilateral institutions, which is a change, support for nato and support for the european union which donald trump, frankly, disdained. that's important. but i think there's some

substance that goes along with the summit, not just the meetings, but climate is an important thing with very specific targets that are going to be announced. not just decarbonization targets, but also financial disclosure targets and, of course, a range of companies much clearer about their climate risks. i think there's going to be very clear language about china and hong kong and -- taiwan and various international bodies. an important statement about the tech council which is -- [inaudible] the next three years of the u.s./e.u. cooperation. there's a lot in there. i won't to go through the whole list, but it covers standards, it covers how we work in standard-setting organizations, how we work on antitrust, what do we do about our antitrust rules. so forth. there's a lot that goes in there. ashley: very quickly, you know, donald trump really held nato's

feet to the fire over how much they pay into the program. joe biden is, he's actually known to europe. i mean, through eight years with, as vice president to barack obama. what approach do you think he will take with the european leaders? >> well, very much the same. and, by the way, before donald trump the united states was quite appropriately putting pressure on our european -- with mixed results, but there were some results. and he should continue that pressure, for sure. but i would say this, you know, the burden-sharing is a broader concept. we have to be fair about that. there are a lot of burden, not just military spending. it's climate and its refugees -- it's refugees, just to name a few. and europe taking more of the burden these last four years than the united states has. but we should definitely continue to push our european allies to spend more, particularly germany where its

trend level is to meet the minimum threshold for just too long for a country that big and that rush. ashley: i want to get back if i can, quickly, to vladimir putin. he's a canny, canny individual, no doubt. he's known as a thug by many. he operates in a certain way that i think we've become used to. how would he regard joe biden, do you think? do you think he has a preconceived idea of what joe biden is about? >> hard to say. i think he will -- joe biden as someone, obviously, with a great deal of experience, who knows a lot of world leaders but their first names, who has seen a lot of action. let me just give you one example. i was involved in a lot of the interagency meetings around what we should do after the invasion of ukraine, and the voice of joe biden was with always on the side of doing more, doing faster, being tougher on russia.

i don't think that's lost on vladimir putin. i'd also say this, i think asimilar met rick reactions are something we should consider because putin has played that game brilliantly. the united states has done things which are very predictable. there are lots of things we can do to put vladimir putin on the back foot, and i'm talking about very embarrassing information that we have about his regime, his thievery, personally and with his friends in the creme runs are. we can with embarrass him in many other ways, we could publish the names of russian soldiers killed in action in ukraine. we should really think more broadly are than just the sanctions on energy and. we need to embarrass him. ashley: yeah. i'm surprised we haven't done that already, but we'll save that for another day. anthony gardner, thank you so much for taking the time. enjoy italy. it's absolutely a beautiful country. thank you so much.

>> thank you. ashley: all right. thank you. netflix going from the streaming wars to the online shopping wars? but let's be honest, will lurch really help the original king of content beat its growing number of rivals? our floor show answer that question next. as we head to a break, we'll take a quick look at the big board as we finish another week of trading. and it is weak, is it not? the dow slightly lower, we'll see if it can pick up some steam as we head toward the closing bell. "the claman countdown" is coming right back. ♪ ♪

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♪♪ ashley: from the streaming wars to the shopping wars, netflix announcing it is launching its own online store that is set to sell exclusive merchandise for its original content shows like "stranger things." it will also feature limited edition apparel and lifestyle products, even some funky clocks. let's get to our traders for the floor show, tom hayes and john gaer carty. tom, let me begin with you. this a good idea for netflix?

honestly, is merchandise going to make much difference going up against rivals like diss and hbo max? -- disney and hbo max? >> i don't think the merchandise will make a big difference, but i do think netflix is well positioned. it's been going sideways for the last year with, we think it's ready to resume its uptrend. you can buy netflix today for just 15% more than june of 2018. the difference is when you look at next year's estimates, cash flow per share and revenue per share is expected to double. so 100% more business for 15% more cost, that's my kind of deal. so why has it been down? it's been under pressure because covid pulled forward a lot of demand, they added 16 million subscriptions during the pandemic quarter last year, only 4 million more this year. that's going to change in the back half of the year, they have a lot of new original content, my favorite show is coming back for season four, which is

"ozark." excited about that. [laughter] ashley: yes. >> they have big growth in latin america, europe, emerging markets and asia pacific, plus a $5 billion buyback to boot. so for those reasons, we like netflix moving forward. it has nothing to do with the new store or t-shirts. ashley: how great is jason bateman and laura lunney? anyway, we could talk about that for the rest of the day. yeah, the best. john, what are your top streaming picks? who do you like? >> first, who i don't like, i don't like stocks that go down, and viacom and discovery got knocked out and they are asleep on the canvas. and as we were told, netflix is going sideways for a year. since june of last year, you didn't make any money on netflix, so i'm neutral on it because it's neutral on me. the one that seems to be

consistent is disney. disney is the king of content, and they just don't seem to stop going up. i really like the ones going up. [laughter] ashley: very good advice. let me get back to you, tom, and talk about the market, you know, the broader picture here. this is a market this week that took, you know, the inflation and the computer -- consumer price index in its stride. the 10-year yield is not, perhaps, signaling massive inflation. i mean, is the only way up from here? >> yeah. well, as it relates to treasuries, ashley, this was a sell the rumor, bayh the news with the c -- buy the news with the cpi. and in this type of environment with rates actually lowering now, those sectors hit by yields rising earlier in the year like tech, utilities, staples and health care, with it stabilizing and even going lower, i think they're going to be the ones to outperform during the summer doldrums.

that's historically been the case. if you look over the last 20 years, the average seasonality for the tech sector which netflix is included in, it goes sideways for the first six months of the year, it inflects in june and july and goes straight up at the end of the year, so that furthers the case for netflix and the fangs to get a bid after a year-long consolidation. ashley: all right. let's get back to john. john, you like stocks that go up, i hear ya. what are you putting your money right now? telling investors to put their money? >> i'm a big chart guy, and i've been talking about things like the treasuries. treasury look like a fantastic concern if you put up a 10-year chart of treasury, price is up, yield's down. and this is an environment where everyone believed 100% yields could only go up from here, and that doesn't seem to be the case. and same thing with gold. gold is starting to turn. so we're in this strange world of lower interest rates, higher

gold. it's bizarre. but, you know, sometimes these things do correlate. ashley: they do. it's opposite world, basically. it's tough for investors to figure it all out. thank you, gentlemen, both for helping us. tom, john, thank you both for joining us on this friday. >> thank you. ashley: thank you. all right. from netflix's online shopping foray to the underbillionly of retail. coming up next, we're going to take you inside the new crackdown on the $500 billion fake products bid and what's being done to keep dangerous counterfeit items including medicine from entering the country. we'll get into that next. but first, take a look at the markets. the dow, s&p 500 and nasdaq, it's been a choppy session, haven't made much gains one way or the other. we'll be right back after this. ♪ ♪ oving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs...

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♪ ashley: the u.s. chamber of commerce is joining the customs and border protection's initiative to combat the $500 billion counterfeit goods industry from fake handbags to counterfeit medicine. officials are now raising concern that this rapidly growing market could have life-threatening consequences. so what's triggering the black market surge, and what's being done to shut it down? lydia hu joins us from the port of newark, new jersey, with the story. lydia. >> reporter: hi, ashley. yeah, the rise in e-commerce activity is a major driver here. fake and counterfeit products are being shipped in from overseas by train and by boat, many of those packages originate in china and from across asia. the customs and border protection officers work at ports like here in newark, new jersey, to enter millions of those packages. last year they intercepted enough goods that were fake that, had they been general one, they would have been valued at

$1.3 billion. now, we're talking about things like fake designer bags, clothing, sporting goods, electronics and even jewelry. and with the pandemic last year, counterfeit covid-represented items surged, everything from fake n95 masks, hand saptizers and even fake -- sanitizers and even fake covid tests which could have deadly consequences for more thans. >> i would say that the problem -- for americans. i would say the challenge has somewhat increased with this, the explosion of e-commerce and small packages. counterfeiting has always been an issue, but it's particularly challenging in the small package, e-commerce environment just because there's so many separate packages that come in. >> reporter: federal officers use an automated system to detect suspicious cargo, and when shipments arrive, they examine the packages and decide whether or not to open and inspect them. this new partnership with the chamber of commerce helped

officers quickly identify and seize the fake products. now, this is ongoing work to quash this illegal trade and fake and counterfeit goods. officials say buying and selling these fake products hurt the american economy, they destroy and eliminate more than jobs, and as many as 750,000 every year, and they say that it really supports criminal activity the abroad. ashley. ashley: yeah. remarkable story. good stuff. lydia hu in newark, thank you so much. appreciate it. all right, time now to go to gerri willis for today's fox business brief. gerri. >> reporter: happy friday to you. zoom shares are zooming higher today. rbc naming the video conferencing platform its top pick in new coverage of -- [inaudible] the firm predicting that there will be a, quote, critical component of the coming hybrid work movement. and on it goes. well, snowflake falling into the close. the cloud computing data

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♪ ashley: it is opening day 2.0 in chicago. the windy city is winding back almost all of its covid-19 restrictions, so so today is a new day. and chicago is putting out the welcome mat to tourists. grady trumble joins us live aboard one of chicago's top attractions, a water taxi. a fun day for you, grady. >> reporter: and it is perfect weather for the great reopening of the windy city, ashley. and as you said, this is one of the most popular attractions not just for tourists, but also locals love it too. we're with chip who is the owner of this shoreline sight-seeing ship. so tell us, you know, you're expecting tourism to come back in a big way now that things are finally back open. >> definitely. we're excited about it. we're excited to be at full capacity, and we definitely see the tourist market's coming back, so it's great. >> reporter: other cities have reopened already. the mayor says chicago is the

largest city to be fully open. do you think maybe some of the other states and cities that opened first will pull in some of those tourists and chicago's going to lose out, or do you think we're still in good shape? >> oh, we're in great shape. chicago against the rest of 'em, we're fine. we're good. but, yeah, no, i think we're -- and the timing's great. summer's just getting started. people start doing their vacations, and so it's perfect timing, and we're really excited about it. >> reporter: talk about the business side of things, because last year we were on one of these boats, and you had to have every other row blocked off. now no restrictions, no masks on the boat. i mean, this is really, truly a game-changer. >> absolutely. the restrictions kept us around 30, and if we had to go through another her of being in that world, you know, who knows what would have happened. >> reporter: yeah. it's hard to run a business at 30% for anyone. so, ash, as you said, bars, restaurant, theater, you name

it. no social distancing rules, you don't have to wear your mask anywhere if you're vaccinated other than a few remote areas, you know, health care settings, mass transit, those types of things. but, by and large, chicago officially reopening today, and we are very happy for that. ash? ashley: yes, i can tell that. and the weather, again, has been absolutely perfect. what people don't know is that grady actually turns into a host on the boat and gives them a history of chicago. so he's doing double dutied today. very impressive, young man. grady, thank you very much. appreciate that. let's go from the waterways of chicago to the great outdoors. reopenings across the u.s. are getting people out of the house to enjoy the summer months. why not? and while more are out camping you said fishing, hiking, playing sports, whatever, one stock has certainly been reaping the benefit. academy sports and outdoors reported record-breaking first quarter earnings with net sales

spiking 39% just month after going public in october of 2020. year to date, by the way, the stock price is up 97%, jumping from $19 in january, as you can see, or to more than $41 per share, up today another nearly 3%. so the question is will the summer months heat up academy sports even more? well, let's find out from academy sports and outdoor's chairman and president and ceo, he's everything, and his name is ken hicks. ken, thank you so much for joining us, and congratulations on the success. i understand why there's been a lot of pent-up demand for, you know, getting out, because with we've all been trapped indoors for so long, and that's given you a lot of momentum. the question is as we start to get back to normal, can you keep that momentum going. >> yes. ashley, thank you very much. we actually were open last fall, and what we saw was people

picking up new hobbies and habits, building home gyms, going fishing, camping. and what we're seeing is people are continuing with those new hobbies. they're just as active now as they were last year, but we've also got the added benefit of some of the things like team sports, baseball, football. so it's a bonding of both new hobbies and people going back to their old hobbies. ashley: two other issues i wanted to bring up, first, the supply chain problems. it's been affecting the economy as a whole. have you had to deal with it, and has it caused you to either, you know, hold back some products or charge more for products because you have to pay more for them yourselves? >> well, that's a very good point. we are seeing supply chain issues, and there's two parts of that. one is the manufacture and

production of goods. we're seeing shortages in areas like bicycles, tents because demand has been to high. production can't keep up with it. and the orr is just the transportation of merchandise, and that hasn't stopped the merchandise, but it's slowed it by two or three weeks from what we would normally operate at. and the costs, for example, in some merchandise because cost of goods and/or transportation's gone up. we're a value retailer, and we're working very hard to hold that value. but in some cases we have had to take our, you know, our prices up. we also are dealing with, you know, the same labor issues as other companies, and so we continue to adjust our wages to make sure we're competitive there. so, you know, that's something that we keep a close eye on. but we keep working to offer that value to our customer.

ashley: and i want to pick up on the point about wages. the other big issue has been the worker shortage. has that had an impact on you, and has it made operating some of your stores a lot more difficult? >> we have not seen a big issue. we're a fun place to shop and to work. you know? selling -- everybody who walks out of our store with a bag is going to have fun. but we are keeping an eye very closely, and we work very hard to remain competitive with our wages across our markets as those wages have gone up in some locations. ashley: another issue, it's kind of an interesting one, if you like, ken. it seems academy has become a popular name in the reddit chat room which ultimately means you could be added to the list of these so-called meme stocks. what do you think about that? >> well, you know, we look at

it -- [laughter] we make a profit, we have a good, solid business base. and as long as we continue to perform well, i don't really have, think we'll be, become one of those meme stocks because it's a real business with real profit and real growth, and, you know, that's what's important, and that's what we work every day to offer our customers great value and assortment and fun and to make sure we do it profitably for our share owners. so far we're doing that. ashley: yes, you are. the fundamentals are there, as they say. ken, very quickly, i wanted to ask you about gun sales. we've seen sales skyrocket with the onset of the pandemic. is that still the case, or are those -- is that particular sector slowing down a little bit? >> it has slowed somewhat.

the bigger challenge, it's one of the areas where there are significant shortages. so it's not as big factor in the growth that we have had. but, you know, we want to be the most responsible firearms retailer out there, so we watch what we sell and who we sell it to very carefully. and, you know, we haven't seen, you know, a huge spike. but at the same time, it hasn't slowed down much. ashley: all right. we'll have to leave it there, but we wish you continued success. ken hicks, academy if sports and outdoors. thanks so much for joining us. >> thank you. ashley: we appreciate it. thank you. evs, not just for the roads anymore. airlines making an electrifying move into flying taxis. the big deal being made to supercharge your commute. that sounds good. and as we head to the break, let's take a look at crypto prices. bitcoin up to 37,000, up $300.

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percent trading at 606 per share for tesla. now, as tesla looks to dominate the streets, major airlines are taking the electric revolution to the skies. why not? american airlines announcing it has invested $25 million in vertical aerospace which makes electrically-powered flying taxis. kind of cool. initial test flights are set for later this year. american saying it is planning to buy as many as 250 of the airborne taxis. all right. americans are not the first to jump on the electric taxi bandwagon. united airlines earlier in the year announcing it is planning $1 billion in electric aircraft from start-up archer aviation. archer unveiling its 12-rotor, all-electric aircraft last night in its bid to dominate the urban air space. set to go public, by the way,

via spac deals this year. so there you have it. all sorts of things going on in the aviation world. all sorts of things going on in the sec world as well. apparently, proposing new rules for corporate disclosures that include board diversity and climate change. what about trading in meme stocks? here now with more on this, charlie gasparino, who's going to break it. charlie? >> ashley, that's involved as well, so i'll get to that in a minute. a. ashley: okay. [laughter] >> these are proposed rules. the sec puts them out for comment. i just looked over them. the woke capitalism aspect something that gary gensler, the new chairman, has been pushing. it does appear in these new rules, and one is disclosures about board diversity. he wants also on climate change issues, and, you know, i don't know how a company like amazon -- i mean, some of this sounds like it's excessive. i don't know how a big wall street firm, you know, climate

change issues apply to them. they do underwriting for enough green businesses? it is -- the way i read it, at least initially, it's written pretty broadly. so, you know, this is going to be debated going forward. i can tell you this, gary gensler's on one side of the issue, pat toomey, ranking republican on the banking committee which regulates the sec, will be on the other side. he's been against it, so wait until we hear what republicans have to say. one other rule is gameification. what they're looking at is, at least the rule says should there with disclosures or regulations -- be disclosures or regulations essentially on these apps like robinhood where they have what was described as behavioral prompts. that means something that might induce you to trade more which may not be a good thing. so at least that's what's in the rules right now. now let's get back to wall street, because it is a big story here that we're breaking about the immense amount of

profit that's going on on wall street. ashley, i've been spending some time talking with executives at the big firms, morgan stanley, jpmorgan, a boom somewhat like the 1990s. we haven't seen it totally yet. you know, we've seen good times in the profit, but there's something even better. what they're talking about, if you're a firm and you specialize particularly in trading and banking, goldman, morgan stanley and jp to a large extent -- jp also has a bank -- you're hitting it out of the park right now. and that's one of the reasons why a lot of these firms are forcing their workers to come back and basically saying if you don't come back to work, particularly if you're in essential areas, you could face dismissals. if you're still worried about covid, you know, get vaccinated. this is what's going on. there is an amazing boom on wall street in these deal categories. one of the negatives -- one of the positives if you're a

shareholder, if it goes up, you go up. if you're a banker and a trader, you're probably making more in bonus. one of the negatives is all these banks are worried about class warfare. i mean, there's still, obviously, economic dislocation from covid, and, you know, and when -- last time there was economic dislocation because of the financial crisis, the banks started making a lot of money literally right after getting bailed out. they had record quarters in 2009. there was a huge backlash from the likes of elizabeth warren and others in congress, and elizabeth warren habit gone anywhere. they are worried -- hasn't gone anywhere. they are worried about that backlash once their profits become realized. they see it lasting at least through the summer and maybe through the fall. by the way, she had a smile on her face in that picture, but she's usually screaming at jamie dimon -- [laughter] ashley: it's a rare photograph. >> i've just been given a prop to say something about robinhood. what's fascinating is robinhood

is in the crosshairs, obviously, of gary gensler because they're coming public. he could force them to make certainties closures. could also do it as an ipo -- they're also doing an ipo, as you know, and i keep hearing that they're full steam ahead despite the gameification and investigations. but the sec on another level has taken time with them, and, you know, the other thing we the sec has so much -- we hear the sec has so much work, it might take a lot of time to get to robinhood. the whisper date is july, don't be surpriseed if the ipo goes beyond that. it's just a lot of work. i'm not saying it will push back, i'm saying don't be surprised. so pack a lot of stuff in this one minute. but the disclosure stuff -- ashley: anything else? getting your shopping list in too, charlie. >> when you say something else, you notice how they started telling me to wrap?

they want me to wrap or wrap-up the hit or start rapping? ashley: no, don't rap, charlie. that could go downhill very quickly. [laughter] charlie gasparino, rapping star. thank you very much, charlie. have a great weekend. appreciate it. as americans are heading back to work as the worst of the pandemic subsides, today's countdown closers has some specific picks to help your portfolio get down to business. the closing bell ringing in just about seven minutes. we'll be right back. ♪ ♪ (vo) while you may not be closing on a business deal while taking your mother and daughter on a ... so you can live your life.

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streak since january, and the nasdaq composite this week up 1 3/4 percent the biggest s&p winner of the week biogen after its alzheimer drug was driven fda approval up 38% this week, dish, the biggest drag on the s&p, after getting a downgrade to sell from jpmorgan for its uncertain path to becoming a successful wireless phone provider. dish down more than 11%. caterpillar the biggest laggard on the dow after it boosted its dividend by 8%, cat down 9.5%. all right, 9.5%. if you're an unemployed worker living in alaska, iowa, missouri , or mississippi, pandemic unemployment benefits are getting shut off this weekend. three months earlier than the september expiration date, but even with the labor market recovery gaining traction, it's no question the pandemic has left lasting changes on the workforce, but some sectors are rising above the turmoil and are getting ready to get the job

done and your portfolio, to investment strategy analyst ross mayfield, ross great to see you. where are you putting your money these days in this environment? what do you like? >> i like the sectors linked to the economy. we like the cyclical sectors, the value sectors, they've been on quite a run, but based on the last decade, they have plenty of room to go against growth. they are cheaper, they are more linked to the economy, they stand to benefit from a reopening and they like financials, energy, materials those kinds of stocks. ashley: yeah, it's interesting on the financials, because it's one of those sectors where we keep talking about the potential , but in this such a low interest rate environment, it seems to me that the big financials never seem to live up to the hype. what's your thinking? >> sure, well they spent a decade languishing post great financial crisis.

they were the epicenter of that crisis and it took a lot of time to recap tallize and get investor confidence back and work out some of those issue. you bring up a great point re interest rates if you'd asked me in march where interest rates are headed i'd said straight higher towards 2% they've moderated for a lot of reasons but that's clearly for the financials you need interest rates to tick higher and you need a steeper yield curve. i think that ultimately happens, and then, they benefit from all of the other sorts of reopening things, a strong economy is good for financials, they are healthier than they used to be, strong dividends, strong buyback programs so we feel like that sector quite a bit. ashley: 20 seconds, you like the energy sector, what in particular? >> well we like the stocks better linked specifically to commodities, the commodities strength has been one of the stories of recovery. i don't know that we're entering a new super cycle for commodities but i do think oil continues higher and continues strong on reopening demand so anything highly linked

highly correlated with oil price should be a winner. >> [applause] ashley: fantastic. thanks for joining us as the closer today. we appreciate it. we're about 15 seconds away from the close of the market. >> closing bell ringing] ashley: setting a straight s&p 500 record just has to finish in the positive if it's going to do it that will do it for the "claman countdown" have a great weekend, "kudlow" is next. larry: hello, everyone. welcome to "kudlow" i'm larry kudlow. so, a few weeks ago during the israel hamas hezbollah bombing battles, we talked about how the democratic party, which used to be israel's greatest offenders, has turned against israel. even formerly strong as senator chuck schumer where basically silent in the face of israeli criticism by the likes of far left pro-palestine terror sympathizers people like