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tv   The Claman Countdown  FOX Business  June 24, 2021 3:00pm-4:00pm EDT

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forward earnings of what some of these names are still trading at, there's still good value even a name like dhi. well rounded, own both tech, value, i think whatever this market throws at us, you're going to be successful at the tend of the year. charles: david, always appreciate these conversations, thank you very much. well, the markets are holding up there. you think they want to go higher. liz, dave made a great point about some of these resistance points, they still are pretty stubborn. liz: but wait a minute, holding up? the dow's up 315. [laughter] i'm calling this a melt-up, charles. [laughter] right? charles: well -- [inaudible conversations] charles: 34,000 -- yeah, i am. i gotta admit, i do. at 34,000, i need a 1,000-point session to feel like it's enough though. [laughter] liz: oh, my -- all right. we'll see what we can do. [laughter] market infrastructure is not
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just looking sturdy, as we head into the final hour of trade, president biden announcing a bipartisan spending deal to rehab our nation's roads, bridges, ports, broadband stocks. related to those sectors are lighting up. we are going to show you a bunch of names spiking on the news. here's one from each area that stands to see federal money. new core steel, cleveland cliffs, boston materials, caterpillar up 3.33%th. let's look at the broader markets. the dow seeing the biggest boost at that midday mark. we do see gains of 347 points. very close to the session is high at 35 if 8 points -- 358 points, but both the s&p and nasdaq are streaking their way to record closes. and as we see, bitcoin is also looking, well, yeah, let's keep the sturdy simile here, moving
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higher by 4.25%, now bumping up to 35,000 per coin as el salvador continues to move forward to be the first country to accept the legal tender. the company looking to strike while the iron is hot, crypto start-up strike. the ceo is here to talk about how he plans to make that happen. and the travel rebound alive and well in the u.s., but you guys have seen it, the summer rush getting too hot to handle. booked-up motels, rental car shortage. trip adviser's ceo is here on navigating the ups and downs of the reepping travel surge -- reopening travel surge. and charlie gasparino taxes us behind the curtain of elon musking's empire as he launches both his ev and space followers into orbit.
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we've got to start with this breaking news, more details minute by minute on what both americans and the markets have been waiting on for years. finally, a bipartisan package successfully hammered out in the 40 minutes by -- last 40 minutes by senators from both sides of the aisle with president joe biden making the announcement of a $1.2 trillion deal to overhaul the nation's highways, bridges and, yes, the promise to get every american high-speed internet access. >> nothing our nation can't do when we decide to do it together. do it as one nation. today is the latest example of that truth, in my view. liz: the ishares infrastructure etf is jumping right now, it is up 18 percent when you look at this process here. we also have pave which is another one, right? clocking a 21% gain year to date. but as always in washington, d.c., it ain't over til it's
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over. let's get to blake burman at the white house. blake, a victory lap, yes, but what is the next lap in this race? >> reporter: so things aren't straightforward here in washington, liz, is that what you're telling me? is that the way it works always? [laughter] so there is a bipartisan deal backed by the white house, a bipartisan group of senators but, right, not necessarily a straightly lap just -- victory lap just yet because we don't know if this will have support by the full senate and full house. the president was asked about this and said he, clearly, cannot predict exactly what could happen other than to say that they do have a deal on the largest infrastructure package that washington has ever produceed. let me walk you through, liz, some of the top lines and some of the details here. you're right, it is a $1.2 trillion package over eight years. the overwhelming majority of that, about a trillion dollars, to be spent in the first five years. so what exactly is in it? welsh there's a lengthy list of
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industries, but it includes clash 109 billion for roads and bridges, $65 billion to build out broadband infrastructure across the country and 15 billion for electric vehicles, something, as you know, that the president had been pushing for. as to, well, how do you go about paying for this? the white house fact sheet listed 13 different ways. let me show you some here. stepped-up tax enforcement on the wealthy using some covid relief money that a that is gone unspent along with redirecting unemployment insurance funds. the white house also says there will be a sale of some of the strategic petroleum reserves. now, the president saying today he didn't get everything he wanted, that republicans didn't get everything that they wanted, but he described it as a win for the country saying that we need to compete global hi when it comes to infrastructure. -- globally when it comes to infrastructure. watch. >> let me be clear, we're in a race with china and the rest of the world for the 21st century. they're not waiting. they're investing tens of billions of dollars across the
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board. >> reporter: liz, one other thing to keep in mind, there is this $1.2 trillion bipartisan infrastructure deal. we'll see if it eventually makes law, but democrats are also making clear that separately on a different track they are going to use the process known as reconciliation, the go at it alone strategy, to try to pass the other agenda items that the president has put forth. remember, between the american jobs plan and the more than families plan, roughly $4 trillion, so so this $1.2 trillion -- though it is large -- just a portion of what some democrats here in washington are hoping for. liz? liz: great, that was a great sound bite you picked about china because, yes, we are in competition. but the other point that president biden head simply was that neither -- made simply was neither side got exactly what they wanted. that's called a deal and compromise. blake, thank you very much. again, you know, i want to get straight to our market experts
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right now. jason katz and john gagly are carty of fidelity. gentlemen if, nasdaq and s&p were already hitting new all-time highs before word of the infrastructure deal was out, and both are on pace for record closes. so now in the wake of this first stage of the deal, this summer melt-up continue? can it last? or does it peter out just a bit? jason, what do you think? >> we have a confluence of events here, liz, that are very constructive for the markets. the fed is not tight the, they're not hawkish, they're just shifting from emergency conditions. and we're going to have low rates, at least fed funds for 18 months, and we're not going to have a taper until the end of the year. so that coupled with this infrastructure package which, but the way, doesn't come, supposedly, with new taxes and $4.5 trillion on the sideline, i think, is a recipe for a market that finds itself way to -- its way to 4400 by year end. >> we're at 4268 for the s&p.
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john, what say you here? we've got the infrastructure deal, we've got people returning , the lockdowns in the rearview mirror at least in this nation, and things just feel really good. i'm beginning to wonder, you know, the melt-up, what is the fuel that it needs to really continue beyond the next month or two? >> i'm with jason. and to me, it's not the news, but the reaction to the news. and the reaction looks super positive. if we were looking for etfs, looking at qqq. the nasdaq 100 is not just tech, it can proper, it's it can across all industries. so it's tech in consumer discretion like amazon and tesla. and if you look at tesla today, it finally broke -- it's been in a six is month funk, and it finally broke above that down trend today. so today this is a pivotal day the for some technology names, and they're all looking very positive on this news. liz: tesla up 4%, in fact, charlie gasparino is working
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that story, he's going to have much more on big news from elon musk. as we look, jason, where are the sectors that you absolutely say people have to have inside their portfolios to add some heat? >> well, look, i think what's brought us to the party won't necessarily bring us home. and i'm not saying to abandon the secular growth trade. i'm saying you need to look elsewhere. first of all, i dismiss inflation. if inflation is not a nothing burger, you have to have some treasury inflation protection securities and maybe some gold. on the growth side of things, instead of going big tech, what about go small tech or go home? the multiples of small it can or the growth rates, for that matter, are are exceedingly more attractive. small tech going to grow at 25 plus percent versus mega-tech the at 20. i'd also look overseas, and china you mentioned earlier as a competitor, their markets look interesting. they're trading at a 10%
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discount to ours. their earningses next year are going to grow double that than the earnings outlook. and japan looks interesting as well. liz: okay. anything else in. [laughter] so, john, you know, i'm looking at the bond market -- please, go ahead. we've got a lot going on here. >> i've got to tell you, i see the market as -- real estate partying like it's 2007. look at iyr, it's breaking all-time highs. and right behind it is xlf. financials have been in a slumber since 2007. these are names that are going up after 14 years of no growth. liz: hey, do either of you -- sorry to interrupt, but do either of you guys look at energy? i mean, it's up 45% year to date, it's the best performing sector here. it's on sort of a quiet riot here. >> you look at the disconnect between the price action of, say, wti and the actual performance of the securities, in spite of them being one of
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the best groups year to date, there's still a great valuation disparity between the two. so there's a lot of catch-up there. liz: yeah. john? >> i agree. there's a lot of hard work to do with energy. the every time it hits another resistance level, there's a line of sellers around the block. that's hard work. i like things hitting all-time highs, blue skies and easing pickings. and if you -- easy pickings. there's about four or five sectors that are in that space. it's easy money. i'll let somebody else duke it out with energy. liz: yeah. i like easy money too. who doesn't? [laughter] great to see you both, jason and john. we do have -- we're calling it a melt-up here at this hour. big moves in the markets and, of course, we're talking crypto too because there's major news here. bitcoin billionaire brock pierce took us behind the scenes on his move to help el salvador.
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now comes the hard part. up next, the ceo of strike is here. the company working to make the latin americans' crypto future a reality faced with some big hurdles ahead. we will hear strike's plan to scale those hurdles. dow holding on to gains of about 339 points. s&p and nasdaq on track for record closes. stay with us. ♪♪ the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq stay restless, with the icon that does the same. the rx crafted by lexus. get 1.9% apr financing on the 2021 rx 350.
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♪ liz: breaking news, we need to put up names like apple,
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facebook, google. here we go, apple and amazon moving lower, the other three, facebook, microsoft and alphabet, are slightly higher here, but here's the breaking news. u.s. house of representatives judiciary committee has voted to require big tech platforms to sell off lines of their businesses that they run on their platforms if they also compete against them. this bill heads to the house floor next, so we are watching apple. you can see these intraday pictures. they're starting to sell off, certain isly at least coming off their session highs. but we'll get more on this as soon as the information becomes available. you can see that amazon turning negative, just heading back down to session lows here. not by much, down by about 1.75%. all right, let's listen to this -- >> the future belongs to the bulls, and i commend this president, i commend this government for recognizing that innovation, you know, the world is changing, and we have to adapt to it if we wish to be the beneficiaries of it. liz: former child star turned bitcoin billionaire brock pierce. when he's talking about faving the bold, he was on
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"countdown" last week live from el salvador as the latin american country boldly making history by becoming the first country to adopt bitcoin as a national currency. but pierce was not the only person guiding the president in the process. front and center was jack mahlers, ceo of strike working with el salvador to set up the actual crypto infrastructure to make it happen. jack, great to have you. it's one thing for parliament in el salvador to pass legislation to enable the use of bitcoin throughout the country, but it's another to actually make it happen. what is strike's role in that piece of this? >> yeah. so i spent three months living in el salvador and built a relationship with the government as an adviser. and the two problems we set out
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to f th so financi i liz: you talked about software,e surprisedded a country that's been relatively abused by the system and insuring that they can latch on to human freedom and if hope and financial inclusion that's never been accessed before before bitcoin. liz: you're kind of going it without these big organizations that usually step in and help second and third world organizations get up to speed. >> you know, liz, i wonder why they're upset. from a high-level view, you're talking about a country -- a sitting president that has to look at 70% of the lives living within his country that don't have financial access, that don't -- can't live a high quality of life because they don't have a vehicle to save and grow well. and all he's doing is plugging into an open, contributed system to give hope to his country to bring financial inclusion -- liz: but, jack, sorry --
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>> no, hold on, who would be upset about that? liz: but they could lose everything. well, because there are stories, legions of them, of people being locked out of their accounts or, you know, there was just a situation recently where you had a bitcoin company in africa setting up and then absconding with the money. maybe they're working on the side of protecting these people. do you see that side? >> i think it says a lot more about the folks that are against basic human freedom and plugging into an open system than it is those fighting for human freedom. i -- the dollar is still legal tender. el salvador is not going against any pre-existing efforts. it's plugging into a new system where it sees hope and a better future for its citizens. i fundamentally see no issue with that. i think there's a lot of useful problems to solve with bitcoin. and the problems you're bringing up are to do with a surgeon cap or certain individual -- certain company or certain individuals.
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there is no central point of failure, there is no central counterpart that can make any decisions on behalf of the government. if the president is to go haywire and lose his mind, the bitcoin network is going to defend against it and not care one bit. it's giving this country hope, i see no problem with that, and i have a problem with those that do see a problem with that and are trying to if the in the way. i find that morally wrong. liz: jack mallers of strike. wow. come back, we're following this story from every point when it comes to el salvador becoming the first country to accept bitcoin as legal tender. strike, of course, is right in there, so please come back. thanks so much. >> let's do it. thanks for having me. liz: you got it. how can new home sales sink to a one-year low during or a sizzling hot housing market in well, the perfect storm of thin supply and rising prices taking
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the blame, but could a quieter, yet controversial practice actually be to blame for the housing crunch? with the closing bell ringing in 38 minutes and the dow up 330, the new phenomenon of whisper listings. that's next. ♪♪
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liz: lighteninging up pop stocks, let u.s. solar companies sunpower and and first solar as the biden administration wans some imports of solar -- bans some imports of solar products over inhumane use of the uyghur-forced labor. we do have sunpower moving higher by 2%, first solar by 6. but then flip it over to see the impact on those chinese solar stocks, both falling at this hour. bed bath and beyond popping right now after bank of america gave it a buy rating as meme
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made mania has helped it surge 73% this year. bofa is saying it's all about the fundamentals, bed bath and beyond up 3%. before it was a meme stock, bed bath and beyond was really struggling. back in 2019 it traded as low as $7.50 a share, and as you see where it is today, we're looking a lot better than that. buzzy news at this hour regarding a spac merger. buzzfeed going public with reverse her diswrer spac company -- merger spac company, 890 fifth avenue partners planning to buy complex networks under the deal. the parent if company will be called buzzfeed. 895th avenue partners is up 92%. the red hot u.s. housing market is now getting even hotter. the surging buy your demand is pushing real estate agents
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toward a controversial practice that some say is now making an already tight situation even worse. whisper lustings. they're also known as pocket lustings. this is when an agent sells directly to certain customers without even publicly listing the property at all. real estate brokerage redfin estimates that whisper listings have jumped from 2.4% to 4%, that's just since november of 2019. what is the potential problem here? to one of the most in-demand areas in the nation right now for real estate, miami beach and ash hi webster who's live there on what whisper listings mean for buyers and sellers, i guess, amidded today's crazy real estate market. >> reporter: well, you're right, liz, and don't say too much. i just parked my mercedes amg gts, i'm coming into the house now. this is a $34.9 million home in the very ritzy neighborhood of palm island of miami beach. this house has been on the
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market for well over a year, and it's by whisper listing. why do sellers want no public listing? well, they want to protect their privacy. they don't want strangers coming around the house. and so the buyer, they're getting a head start on the yen public, maybe into another, you know, into a property that no one else knows about, and maybe they can win the contract because we know how competitive is it is. let me bring in liz hogan, an agent for luxury properties here in the miami beach area. and if, liz, you have this property. you tried the whisper listing -- >> correct. >> reporter: -- and it didn't work. >> it didn't work at that time, maybe today it would because of inventories so tight right now. you really only have about two months of inventory. healthy market's around nine months. >> reporter: i wanted to ask you, you said a lot of your clients are coming from out of state. no big surprise. california, for one, but we know new york9 and the exodus.
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what about those hedge fund managers? >> definitely have a bunch of hedge fund people coming here. i sold a home sight unseen for almost $10 million for a hedge fund manager. he's now looking for office space, and he plans to bring about 30 of his employees with him. we believe there's another wave coming. we have senior managers and lieutenants behind this many. >> reporter: have you ever seen anything like this? >> 18 years a i've been doing the job, i have never seen anything like this, and that's across the board for every agent you'll speak to. >> reporter: i guess the good news is you're busy, the bad news is there aren't enough homes to sell. >> there respect enough homes, and that's why we do have these whisper listings. we spend most of our days calling agents, do you have anything coming up. we're really trying to do everything we can just to source different properties for different buyers. >> reporter: liz, thank you very much. and, liz claman, you know, it's interesting because a healthy market in miami would have nine
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months' worth of inventory. right now it's less than two months and shrunken all the time. shrinking all the time. so, yes, whisper or pocket listings, as they are known, are growing in popularity. but there's no guarantee that it's going to work. las vegas les listen, it's like the -- liz: listen, it's like the hunger games down there. [laughter] i'm sure they love all the new w yorkers flooding down. [laughter] i know they don't. go back home, people. thank you, ashley. >> reporter: exactly. thanks, liz. liz: ashley webster. you got it. a historic win for tesla sending shares of the electric vehicle giant to their highest level in nearly two months. we'll tell you what's super-charging the stock next. charlie gasparino has some scoop there. plus, the ore other star in elon musk's tech universe, oh, yeah, charlie breaks it on ipo chatter and if his latest tweet could put elon back on the sec's
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radar. closing bell, 28 minutes away. we are till seeing a pretty hot market market. we're slightly off session highs, but the s&p still looking at a record close and, oh, yes, any gain for the nasdaq, that'll do it too for a record close. stay with us. ♪ ♪ talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact. you feel that? we just had a moment. [chuckles] who would've thought it? geico. save even more when you bundle home and car insurance.
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♪ liz: okay. let's pull up tesla shares. they are jumping to seven week highs right now after the tesla model 3 nabbed the top spot in a crucial lust. it now become -- list. it now becomes the first all-electric vehicle to get the top number one position in cars.com's annual american made index. the model 3 drove past all other american made cars which ranks new vehicle by how much they contribute to the economy from the standpoint of everything from factory, job creation, manufacturing plants, to
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sourcing of parts from companies also here in the u.s. tesla's model y, it got the third spot on the list. today's top nasdaq performer, tesla, up 4%. and, by the way, that is now putting it above its 50-day moving average, showing a positive trend. as tesla gains about $25 per share right now, it's not just tesla charging up fans of elon musking's empire. the tech titan revealing on twitter d that he would to do his best to give long-term tesla la shareholders preference to those ipo shares. let's bring in the resident elon whisperer, charlie gasparino. >> i'm whispering to somebody, one of my sources, right now. [laughter] what was that again?
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starlink? by the way, don't you find this a little faddish? he comes out, he wants to do a public company, and then the, you know, i'm going to give you guys, you know, first performance. and all of a sudden shares of tesla go up for some reason. liz: what's wrong with that this. >> i'm not saying there's anything wrong with it, it sounds like -- what was that network irrational exuberance? i mean, it is, listen -- liz: no! the total opposite, charlie. he said we gotta wait until we get reasonable cash flow, revenue, etc. -- >> why'd the stock go up? liz: once we do -- >> that's the problem with -- liz: it's on the list, bra. >> by the way, i guarantee you -- liz: charlie is like that -- >> liz, you doesn't know that list existed before with. [laughter] before today. i guarantee it. nobody did. okay in i didn't. [laughter] liz: that's true. i didn't. >> none of the producers knew it. it's not, like, when i'm talking
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about, like, the nobel peace prize here. we're talking about some obtuse list -- [laughter] an obscure list, i'm sorry, and that's the problem -- liz: this country loves lists. >> i will say, liz, i will say this, yes -- liz: okay. >> buzzfeed did go public through a spac. but -- liz: well, they're going to. >> yes. if there is one proxy out there for irrational exuberance, it is -- aside from amc and the meme stocks -- it is tesla. liz: don't say it. don't say it. do -- that's not true. >> it's true. and i'll tell you why. by the way, the cars are amazing. look, i've been in them -- liz: yes. i got one. it's amazing. >> they have great pickup and everything. but this company's books don't match what they -- the financials of the companies don't match the stock price.
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it's very -- liz: well, amazon didn't either for years. >> oh, yes, it did. because what amazon -- liz: no, it didn't, it lost money for years. >> it had free cash flow that it plowed back into the operation. they don't have that luxury at tesla. now, they can raise money, which they've done because they have a very high stock price like amc. but, you know, this is a company that at some point you would i think when the government, different administration comes in where the fed starts raising interest rates, if you're an investor, you know, you've got to really bewarely of this company -- be if wary of this company. by the way, it's also off its highs of the year. the numbers don't match up very well. and in a rising interest rate environment where with risk gets more properly priced, liz are, then you don't care -- what was that, the chinese list that you just mentioned? liz: no, it's cars.com.
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what do you mean chinese? >> does it make a difference? cars.com? liz: well, the ford mustang got the second place position. >> and, you know, the stock -- where are shares of stock -- liz: doing well. >> ford's up today because of this? liz: well, you do have ford, which has done very well, it's been on the run down -- >> there we go. so think about this, ford's number one on your list -- liz: it's up 159 if %. >> today. they're telling me to wrap, but give -- i'm going to give you some less irrational exuberance. ford is down on the day, it's number within own your wonderful list. tesla is up on the day -- liz: number two. >> and it's number two. think about how -- liz: no, ford's thurm two. >> whatever. you get what i'm saying. liz: he's got his blinders on. [laughter] >> [inaudible] liz: charlie gasparino. all right, listen, i'm going to punch you again and hurt my hand. >> i know, i can tell. liz: all right.
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charlie gasparino. all right, from los angeles to new york city to orlando, america's hottest travel destinations are welcoming back tourists with open arms, that is if they can got there. coming up, the major headaches facing travelers across the u.s. and the advice from one of the top travel names in the nation on how to handle it all. trip adviser ceo steve copper is here in a fox business exclusive. we're 18 -- let's call it 17 minutes away from the closing bell. dow charging higherrer by 337. -- higher by 337. ♪ ♪ ♪ ♪ ♪ ♪
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♪♪ liz: two of heavy hitters hitting the gas ahead of earnings as one meme stock favorite runs into a speed bump
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ahead of its latest report. let's tackle these, right in after the bell we've got nike moving higher, analysts are expecting the sneaker giant to earn 51 cents a share with revenue expected to come in a little over $11 billion. that stock is up about a quarter of a percent. fedex is really on the move, it's up about 2.25%. fedex, as we were the first to tell you just a today or two ago, that this were forced to suspend freight shipping service to about a, well, 1400 customers earlier this month? to ease congestion? then they had to turn around on that. they did a 180 because there were so many complaint because some of these 1400 were smaller companies that really need fedex to deliver their supplies. the boom in shipping still expected to bring more than $21 billion in for the fedex. so those shares are moving higher. blackberry, though, down 3.5%. reddit room darling is up more than 167% over the past year, not as popular today ahead of
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its report. the software market which used to be the blackberry phone maker expected to report a loss of five cents for the first quarter. shares now stand at $12.71. the first new mega-casino on the las vegas strip in more than a decade opening its doors today. the $4.3 billion resorts world las vegas is the most expensive developed ever in sin city. but getting there could be a roll of the dice as travel hassles abound. you're talking about soldout flights, pilot shortageses, inadequate airport staff -- actioner right? -- not even -- tsa, right in is the travel sector way behind in handling this post-pandemic boom? let's bring in trip adviser ceo steve copper. steve, just talking to my brother, he said, liz, there are no rental cars anywhere in new york city. we're going there, we can't find one. this is ridiculous. you know, if you can get a seat
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on the plane too. what does this tell you about the post-pandemic travel boom? >> it tells me it was very hard to predict when exactly travel would resume and how quickly. so as much as we all see the challenges in getting that plane, getting that rental car, you have to appreciate these companies are actually doing a heroic job restaffing as quickly as they can to meet what's, frankly, an unprecedented jump in demand literally month over month over month since most americans have been vaccinated. if you've been vaccinated, you're so much more likely to take a domestic i trip. you feel safe and you're ready to go. we've all been cooped up, so we are with getting out there and moving. liz: okay. so give me advice because as we looked at all of the stocks, your stock has done particularly well when it comes to your field and your sector. you're up 128% year-over-year,
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to you're to doing a lot right. what is your advice for people who can't get a rental car in some of these big urban destinations. >> you just -- empathy here, you just need to plan a bit more in advance and look at some of the other choices in terms of may not always have to be a rented car, it could be an uber or leavitt to try to get around -- lyft to try to get around. you can do it. i was recently traveling, i was able to find a rental car in major cities, so that's possible. of course, i'm going to urge everyone to plan early, to take advantage of sites like ours that really help you plan out all the things that you want to do; the flight there, the hotel booking, it's the experiences, the tours. and it's hard the tell right now what's going to be selling out because not only is it the traditional beach vacation, the cities are really coming back. and that's pretty exciting to see. if. liz: steve, we heard the i-word a lot lately, inflation, when it comes to materials, food prices.
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let's talk about travel inflation. if you look at some of the airbnb or vrbo prices out there, they are skyrocketing. hotel rooms are jumping in price where they were so incredibly cheap because they were trying to encourage people to come back here. what kind of travel inflation are you seeing, and where is it the hottest? >> i think there's still a tremendous number of bargains to be found or very reasonable prices to be found president bush anywhere you want to go outside of -- pretty much anywhere you want to go outside of maybe the hottest places right now. we've just introduced what we think is an amazing product, trip adviser plus, which is a travel subscription product to help find some of those, to help deliver savings. it's a $99 a year price. it's a relatively easy entry point, and it allows travelers to save money on a ton of different hotels and experiences, rental cars, upgrade your rooms, get late
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checkout, lots of deferent perks throughout the cycle including addressing that inflation question that you just were asking about. it's a great way to turn some of those dollars into ways to extend -- turn some of the savings on that trip into ways to extend the trip. liz: what are the most searched destinations right now? >> so in the pandemic it used to be pewly beach with, sun and sand vacations. outdoor activities. now what you see merging in the top five are the more traditional. it's vegas, it's orlando, it's new york city. in addition to the myrtle beach and miami beach, and that'll round out our top five. it's great to see people looking and being willing to go to places that are traditionally more crowded. liz: well, i find it all really interesting to see how quickly we see the snapback after the lockdowns of 15 months.
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steve kau finishinger of trip add visor -- kaufer, thank you very much. arnold donald is the ceo of carnival cruise lines, he's right here on "the claman countdown" tomorrow. i know a lot of you are dying to get on a cruise ship, so we will have him tomorrow to answer some of your questions. closing bell ringing in seven minutes, "the claman countdown" coming right back. ♪ ♪ with cutting-edge tech, world-class interiors, . . extraordinary runs in the family. visit your local mercedes-benz dealer
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so we're already six months in, ready to best that 33 number. so we'll be watching it. oil, oil has been crazy, right? up some 50% so far this year. our countdown closer says precisely the reason you need to run in the opposite direction for investments. carol pepper, pepper international ceo. has three specific names she likes. let's get to them. you have three etfs that focus on the total opposite of fossil fuels, correct? >> hi, liz. i live lit, l-i-t. the core ingredient for electric cars, lithium. and love pave. we got an infrastructure deal today. i think that etf will do better. they are all doing wees and great plays for the next 12 to
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24 months. so you're driving the complete opposite direction of energy which has been the best performer of the year. give me a sense where these names are going. i agree with you, we showed pave at the top of the show. president biden announced a bipartisan deal on infrastructure. to that end, lithium why will that outpace old school energy. >> old school energy had a great run. i think we'll see the top of that market, once the price gets high enough, we'll see supply coming back online in large quantities. that will naturally start depressing the price. it has been a good run this year, i think we're heading to the top. i don't think we're going back to 100-dollar oil. liz, i manage money for people over $100 million. we're always looking to get in early on a trend and ride it all the way up. you're a little bit late on oil right now. you're very early into the electric car boom and the infrastructure play. if you get in now, you will be
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very happy over the next couple years you did. liz: we like to be happy with investments. carol pepper, thank you. it is great to see you again, carol. all right, folks. as the bell rings. [closing bell rings] focus on at least the nasdaq and s&p. record closes. by the way this is the first four-day record for the nasdaq since february. that will do it for "the claman countdown." thank you so much for joining us. larry kudlow -- ♪ larry: hello, everyone. welcome back to "kudlow." i'm larry kudlow. so the talk of the town today is an alleged bipartisan deal which is being called the bipartisan infrastructure framework. hot oaf the presses at this moment i don't know if the senate gop leadership, that is mitch mcconnell or for that matter of the senate majority conference will back this infrastructure framework, five republicans negotiated in good faith. they did a deal with the white ho

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