said earlier, but you know what? we're going into hurricane season, and every time there's natural disasters, you always see people needing to rent equipment. and i think it's an interesting play. charles: yeah. i love united rentals. people never realize just how much business they do this their own town. years ago they came on the show and gave me a little truck, so i've got to love them. [laughter] mitch, have a good weekend. liz claman, we're looking pretty good as we head into the last hour. liz: you know, it's the little things that make us so happy. [laughter] thank you very much. charles, have a great weekend. the nasdaq's best record run has been under pressure, but it's now back on track as we head into the final hour of trade on this friday. the s&p 500 putting a bull's eye on its second record close in a row as nike adds fuel to the fire for the dow. the market momentum an extension of yesterday's bipartisan infrastructure deal rally. the $1.2 trillion spending deal

lighting up stocks from broadband to electric vehicles. coming up, the man in the driver's seat. a top ev charging station titan, charge point, telling us if the country's grid can handle the ev revolution. good question there. america's cruise industry setting sail for the first time since the start of the covid crisis, but will the waters be safe from the pandemic? carnival cruise's ceo is here on his plan to keep his passengers safe and what he is most excited about. plus, nba all star janice, will he be able to take his team to the first championship round since 1974 when kareem abdul-jabbar owned the court? i'm asking peter fagin who, wait until you see, he's live at the viewing area.

20,000-person capacity outside the stadium, you're going to see that exclusively in just a few minutes. but first, a couple of data points that are really looking pretty good as you look at the whole market picture. the so-called core pce, this is the fed's preferred inflation indicator, easing slightly last month. we're talking about month over month. inflation was less than expected higher from april, so up only half a percent versus the six-tenths of a percent that was expected. is fed chair jerome powell finally starting to look like he's right, that perhaps inflation is transitory or at least temporary? well, this as the dow jones industrials is on pace for its best week since march 12th. while both the s&p and nasdaq are on pace for their best week since april 9th. one market participant we follow here on " "the claman countdown" tweeted today, quote: shorting

the qqqs -- the etf that gives you exposure to 100 of the top companies, many of them big tech -- does think the herd might be getting caught up in the recent, quote, price momentum. let's look at the qqqs. so far let's see how he's right, we do have them flat at the moment at 349.90. still up 9% quarter to date, up 42% year the date. but doug also tweeted, quote: my friend dennis gartman, who we also follow, reverses his formerly bearish view. i was like, wait, what? i called dennis who says, no, he's still bearish, but he's unenthusiastically buying stocks instead of fighting that price momentum he says is sparked by the fed sponsoring, these are his words, sponsoring the bull market. as the nasdaq charges toward a fifth straight win and the s&p streaks to its second record close in a row, our floor show traders david trainer and teddy

weisberg are joining us now. anybody who was bearish the past ten years missed an incredible bull run are. and you look at that, right? there were scary points, certainly, but is now the time for investors to come off the sidelines, the ones who are too scared to do it? maybe we can show some of these 10-year charts, or is this bad timing to start going all in on stocks? >> first of all, liz, i would remind you and your viewers that there's nothing more bearish than a soldout bull. just even the david can gartman comments today. he's a great guy and he's very smart. i think fighting the tape, clearly, is a big mistake. it's always been a big mistake. the momentum in the lines of least resistance for the last ten years with listen ifty of pullbacks and plenty of opportunities and always scary when you get the opportunities, but we've had plenty of opportunities to buy stocks have

proven to be with the benefit of 20/20 hindsight clearly buying opportunities. and i would say nothing has changed as far as i'm concerned. as long as the fed remains in an accommodative mode and as long as interest rates pretty much stay on hold -- and that's even allowing for a little bump up in interest rates -- the economy's doing fine, corporate earnings are terrific, and we're about to go into the earnings period for the second quarter earnings, i think any selloff clearly has been a buying opportunity. the problem is, of course, the higher they go, the scarier it gets. but to stay out of the market -- and there are plenty of opportunities in the marketplace -- but to stay the away, perhaps it's safe. you can't go broke if you have cash in the mattress, but i think as far as the stock market's concerned -- [laughter] the direction is still higher. liz: yeah. and, david, to that end, i mean, the nasdaq up 442% over the past

ten years. adding on another, well, let's call it 11 points right now. look at the dow up 250 at this moment, and you can see overall that there's been true opportunity if you hung on. so what are the opportunities you see right now in -- now? >> yeah, i do think you need to be selective, and i agree with your other guest, fighting the tape has been a losing proposition, for sure. i think this market's got some more legs for at least a little while. but to the earlier point to if, yeah, the bigger they are, the harder they fall. as we sort of look this aging bear market in the mouth, we need to be careful and make sure we're buying companies that have real earnings, because i think that's where you're going to be safe. it's a good place to avoid risk in a dangerous market, and those are going to be stocks like your intels, your hta, walmart, target. these are all on our long-focus list because they've got super strong cash flows and earnings and still relatively cheap valuationses. if you stay in that kind part of

the market, you're going to be much better off over the short and long term. liz: yeah. you know, look for companies that have cash flow and, certainly, earnings, as you say. really interesting picture here, folks, as we go about i want to say 54 minutes away from that closing bell. it's been an incredible week here in this week of june. thank you so much, david trainer, teddy weisberg. so, yes, we do have big movements at the moment. but in the meantime, we have a fox business alert. we need to look skyward right now, specifically at the stock of virgin galactic. shares are right now, yes, soaring after faa officials gave the space tourism company the green light to fly paying customers into orbit. yeah. regular people. virgin has about 600 ticket reservations that sold for about a quarter million dollars a pop -- no wonder the stock is jumping 40% right now. virgin's approval is the very first of its kind granted by the

faa. you know, virgin's been a meme stock, yeah. well, the meme stock of the week though still electrifying the reddit crowd, alfie. this is the company that makes artificial intelligence-enabled tablets for taxis, ubers and lyfts. it's been just an insane week for the targeted ad software company which jumped 107% on tuesday, then kind of crashed on wednesday. it still looks to claw out about 114% gain week to date. as we should while we're at it, check a couple of the other meme stocks, if we can, that have ridden the rally, but they're now kind of getting off the bus for the moment. game so many is down about -- gamestop is down about 5.7% and look at blackberry after the rating was cut on the software maker from sell to hold saying it's time the take profits. all right, from that rating cut to a raise, credit suisse upgrading netflix shares from outperform to neutral saying

they see a strong content slate starting this august into 2022 plus expect subscriber growth to normalize in the fourth quarter, okay? that's good enough for a nearly 2% jump for netflix. and in what has to be the best example in the past decade of buying lower and then selling high, panasonic revealing it sold its entire stake in tesla for $3.6 billion during the most recent fiscal year. back in 2010 the japanese firm purchased 1.4 million tesla shares at $21 apiece. okay? now, this past march -- assuming they sold at least around march -- hovered around 700. and guess what? the stock is still at 672 right now. panasonic says that sale will not affect its partnership with tesla as a lithium battery supplier. panasonic getting a 4% jump on the news. speaking of tesla, tesla is leading the pack of electric

vehicle stocks driving toward a potential $7.5 billion windfall courtesy of of the new bipartisan infrastructure deal agreement. coming up, the ceo of the company known as the -- of charging stations is here on how he plans to become one of the biggest players in president biden's goal to build out more than half a million charging stations. but first, the cruise industry coming back to life after being decimated by the pandemic. carnival corporations ceo arnold donald is about to chart the course on his cruising giant's return. yes, the return to the high seas. right here next. closing bell ringing in 50 minutes. the dow standing on gains of 267 points right now. don't go away. ♪ ♪ you packed a record 1.1 trillion transistors into this chip

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or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. ♪♪ liz: okay. we're about to take you somewhere i bet none of you have been in the last year. right to the celebrity edge which is set to depart from fort lauderdale, florida, tomorrow. can you see the lido deck there? the first cruise ship to depart

florida in 15 months. or shares of royal caribbean up 2.5% on the big day and another huge ocean-going cruise line fearing up to sail from u.s. waters again as well. this just ten days, carnival vista will set sail from galveston, texas, to the western caribbean on july 27th. carnival is going to resume cruises from alaska to seattle, and then on the 31st the mardi gras will deport to the western and eastern caribbean. parent if carnival corporation's stock has fought tooth and nail to come back from its 2020 low of just $8. the largest cruise operator in the world currently trading higher by 2.5% to $28.16. it has been a long and tough road, but ceo arnold donald is joining us live from carnival corp. headquarters in miami. arnold, having gone through an epic business height mare of the

15-month -- nightmare of the 15-month shutdown, what are your emotions? >> well, good afternoon to you, liz. we are so excited to welcome bests back onboard here in the united states. you mentioned carnival vista sailing from galveston. we have carnival horizon on july 4th sailing from miami if, carnival miracle you manged in seattle july 17th, been you mentioned. but i also have majestic princess is going to be sailing end of the month from seattle as will new amsterdam from holland america. then we have a plethora of sailings over in europe, greece and london. we have three different brands sailing out of south hampton in the u.k. so it's a very exciting time to finally be able to welcome our committed and dedicated guests who have supported us throughout this back onboard. liz: yeah, i can only imagine. well, so you've been sailing the costa line and some of your

other line, as you said, out of europe. tell me about the booking trends there, and do they portend anything for bookings here in the united states? >> i believe our business update just a couple of days ago, the booking trends are comparable, europe and the u.s., if you look out, if you look out into 2022, for example. both are at the high end of the range of the historical range for bookings. bookings have been robust, price environment is strong. with the actual sails, we've purposely limited over in europe the occupancy on the ships as we were working through protocols because with, keep in mind, we were sailing in europe during the pandemic with unvaccinated guests. we had universal testing, enhanced medical screenings, mask wearing, physical distancing, etc., etc. but the guests had a great experience. our guest satisfaction scores were sky high on the cruises we

had. and now we're excited to be able to expand our offering and increase the number of ships and the itineraries. liz: arnold, let's talk protocols, covid protocols. and this just as this highly contagious delta variant of the coronavirus is ramping up, spreading here in the united states. you know, i know you guys have a whole bunch of protocols in place and at least for now these are all-vaxxed ships from the united states. but the south florida sun sentinel has this headline that it just came out with that says covid will lurk on every cruise ship. the question is how much. you know, what is your answer to that? how do you sell squeamish or worried passengers on future cruises if they aren't going to be all vaxxed? >> first of all, liz, honestly, people are chomping at the bit to cruise again. we do not have an issue being able to fill the ships. people are ready to sail.

they know the long history of the cruise industry in terms of dealing with viruses once they're understood, and they've developed appropriate ways to prevent or to treat, etc. so we don't have a big crisis of confidence or anything in cruise. in fact, we have far more demand than we have ships available to ply right now. but the message -- to supply right now. but the message is, look, if the virus is in the community on land, and it is and will be, then, of course, you can get it onboard despite all the thing we do. now, the u.s. primarily is going to be vaccinated guests onboard, and vaccines are just a huge game-changer. and, of course, i would encourage everyone to get a vaccination. it's the best way to protect yourself and to protect those that you love. so we encourage earn. but even with -- everyone. but even with some mix of unvaccinated guests onboard, we're going to, obviously, test unvaccinated guests. so they'll be tested ahead of time so, hopefully, we can mitigate the amount of virus that comes onboard.

then we'll have additional protocols with mask wearing, other special things for the unvaccinated. so the chances of an outbreak are very limited. and, in fact, as i mentioned, we sailed in europe. as an industry, almost 400,000 guests about a month or two ago, and we had less than 50 cases of virus onboard the ships even when the pandemic was on the wave without everyone being vaccinated. so i think we're in pretty good shape as we look forward, and people should be able to cruise with confidence. we can't guarantee there will never be a case onboard, but the chance of an outbreak is very low. liz: yeah, of course. outbreak very low. during the past year, you just mentioned more demand than you have for ships. the past year you sold some 18 ships. some of those were because of age. i know one of them was 25 years old, and you're just, you know, adding to the cycle here. but do you expect to sell more or get rid of more of these ships and then move in brand new ones? tell me about your order flow.

>> as you pointed out, we have or will exit 19 ships in total. it's about a 13% reduction in our original fleet capacity say pre-covid. but we have new ships coming in. we're very excited about mardi gras. you mentioned her in the opening comments. she launches on july 31st out of florida, port canaveral, and we're so excited about it. she is truly a testament to her, the original mardi gras which 50 years ago started our corporation. and some say the advent of modern cruising. but this ship is phenomenal. guests will love her. it includes many features including the first roller coaster. anding having personally ridden that roller coaster -- [laughter] i can tell you, it is a deal, a roller coaster at sea. but our capacity, we were at a 4.5% capacity growth pre-covid. with the ships we've exited and

the new ships coming in, almost every brand has a new ship coming in between now and 2025, through 2025 growth will be about 2.5%. liz: aye if aye, captain. arnold donald, thank you very much. >> thank you, liz. much appreciated. see you onboard. liz: anytime. all right. [laughter] i need a lot of dramamine. i'm that person. all right, from the high seas to the hardwood, the milwaukee bucks are about to throw one of the most epic block parties of the year as the basketball powerhouse sets its eye on the nba finals. in a "countdown" exclusive, president peter fay begin is about to give you -- peter fagin is about to give you a show and tell of the viewing park in the heart of milwaukee. that is next. closing bell 38 minutes away. we've got between on the screen. the russell 2000 up 15 points,

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♪♪ liz: well, look at nike stocks. nike shares are just doing it for the dow jones industrials. the stock is surging to a record high at this hour aft the sportswear giant announced sales are jumping so high, that they've upped the full-year sales forecast to more than $50 billion. nike shares are up 15% right now, and as those shares rise, so too does the stock of one of its biggest star athletes. bucks' all-star forward known as the greek freak, he's from athens, greece, yes, needs four wins to reach his first nba finals. tonight he leads the bucks into

game two of the nb with a eastern conference finals looking to tie their series against the atlanta hawks at 1-1. just hours before tipoff in a fox business exclusive, we're taking you live outside the pfizer forum where bucks' president peter feigin is standing by. what is the buzz like in downtown milwaukee right now in. >> liz, it's just warming up. welcome to the beer district where it's beginning to hum for game two of the eastern conference finals. ♪ ♪ liz: oh, i can imagine. okay, tell us what we're seeing behind you. is this where you're going to have the viewing party in because i understand that you're ready for, what, 20,000 capacity? >> yeah. i mean, it's really created a phenomenon. when we built this arena a little over three years ago, we built it to be a melting pot and a destination and how do we bring the entire community together. i think in our wildest dreams we never thought we'd build a

meeting place that would bring 15-20,000 people together to watch a game outside and dwarf the group inside. liz: you know, i'm looking at some of the area here, and you're going to have how many screens? describe it. give me some fun facts of what you're doing to attract people who can't get inside -- >> well, all the fun i stuff, everything you would think in the city of milwaukee. about two dozen bars, about four food trucks, everything from brats to your chicken fingers to several screens throughout, like, the 7-acre area. and it's all about activity, engagement and having fun. and we've created the production as big as it is inside outside to kind of create that event. liz: peter, tell me about hiring because i'm sure you need a lot of food service workers and security. what has the hiring situation been like lately? all we hear around the country is shortages of labor.

tell me how hard or how easy it's been to get people to come to work and if you're offering incentives. >> it's the number one challenge, and we've offered incentives. we've got the highest minimum wage in our state. we launched the $15 minimum wage when we launched the arena, so in our case, we are using all of our suppliers and partners to recruit from minneapolis to chicago to iowa as well as our partners at the green bay pack chers and the milwaukee brewers -- packers to figure out how to is service a crowd like this at a high level. liz: you know, you talk about the halo effect of a series like this for the city of milwaukee. talk about the revenue that you believe this will -- [audio difficulty] >> you're really just super-charging everything from hotel nights to local

restaurants, to the cultural activities. and you can imagine our timing after the pandemic, how great this is for an innext of life -- injection of life. it's really kind of just incredible what this has done and what the possibilities. we hope to be playing for another month in the nba finals, and that will help us springboard and really jump this economy way beyond where we thought we'd be a month ago. liz: there are so many publicly-traded companies in milwaukee and, of course, in wisconsin. we can put up those stocks that are probably benefiting in some way, shape or form. but how about steven a. smith of espn who was kind of dissing milwaukee? i know he had that conversation with damian woodty on the air -- woody, do you really want to go to milwaukee, and smith said, hell, no. >> well, liz, i know your

passion for the city, and i'm sure you were insulted and taken aback with. mortified. i think this is another chance for us to beat our chest and really show the world what a great city this is. not just a great city, but a great city that continues to improve in such a way. so we're very protective. this is like one of the great communities. it's encircled, obviously, around this team, and i think it's going to help us get even more exciting about beating the world and winning an nba championship. liz: peter feigin, and yes, on any given day on the weekends i am wearing this. i love my milwaukee bucks shirts. i've got about three of them, and i go walking in fort lee, new jersey. go with, bucks. i'm one of you guys for now, at least for now. all right, peter, good luck to you guys. fiserv forresulting we'll --

forum, we'll be watching closely. >> all right. go, bucks. liz: peter feigin of the milwaukee bucks. all right, chargepoint shares, you know this company? they are showing some super power. look what they've done in the past year, a gain of 214%. but could this just be the beginning of an epic boom for the global everything v charging station tie -- ev charging station titan as the biden administration if gets ready to pile billions into the charging industry? the ceo answers that question and more next. closing bell, 27 minutes away. we are looking good as we head into the final couple of minutes here. nasdaq, though, still in the red by 5 points. ♪ ♪ i became a sofi member because i needed to consolidate my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense

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♪♪ liz: president biden charging up the markets yesterday upon that announcement of a $12 trillion

bipartisan -- 1.2 trillion infrastructure deal and that it had been reached. including in that plan, the largest ev infrastructure investment in u.s. history. $7.5 billion earmarked specifically to build out a network of half a million ev charging stations along highways across the u.s. and then another $7.5 with to provide new electric buses and transportation systems. so to the company that already has a jump-start on this, chargepoint. not only designs and manufactures both public and residential ev charging stations across the u.s., but has already built out a global network of more than 175,000 active public charging stations. since going public via spac reverse merger about three months ago, the stock is up 52%. but if you encompass the company with whom it merged, that is up 220%. to the man in charge at chargepoint, ceo and president pasquale romano. welcome to "the claman

countdown." let's get to the news here. what will the bipartisan infrastructure agreement mean if it really comes to fruition to both chargepoint and the nation? >> so if you look at the ev charging landscape up til now in the united states, while it's had good state-level support, it has not mustered great federal-level support for pan-u.s. programs. and i think this is going to be great. they're going, through the d.o.t. and doe, allocate the funds to every segment that matters for ev charging. is so when you think about that 500,000 headline, it's a headline, i think, to kind of evoke the right kind of idea. but we have been in conversations with the administration on how to partition that. so this should be incentives for especially multi-family. it's a challenging market to crack. incentives for workplaces,

incentives for highway fast charge9 and the like. so i think there's a lot of thoughtful work being done on how to construct that program to really supercharge the deployment of infrastructure directly to businesses, by the way, so businesses essentially see a low cost to put that infrastructure in. liz: well, i would imagine. you just said in conversations we've had with the administration. talk to me about those conversations. tell me what, what they don't understand, what they do understand about this and what you'd love for people on both sides of the aisle to understand about committing about $15 billion to the whole ev pie of this infrastructure plan. >> sure. i think what's being done is a lot of very thoughtfulful conversations with all the stakeholders in the industry from energy through vehicle manufacturers and infrastructure, doing it all together. and, you know, what really needs

to happen is an understanding that driving an ev is not like driving a gasoline car. you onboard your fuel largely while you're parked. so you can be parked in a lot of locations including at your house, work, around town, so you need programs that allow for adequate balanced incentives in all those environments. so everywhere you go as a driver you have access to top off as you wish. liz: it's great to make this goal, and i'm all for it. i got an electric car. i'll never go back. i think it's fantastic. i never liked going to the gas station, but i do have to ask, you know, can this great idea really be handled by this nation and its aging electrical grid? right now we are in the midst to of a crazy drought, very high temperatures. portland, oregon, is going to hit 110 degrees this weekend. and here suddenly everybody's driving electric cars.

to we even have the capacity? and what do we need to do to get there? >> one of the interesting things about electric vehicles is they can -- they're tolerant of the rah rate of charging being variable. so a utility can move up and down the charge rate into your vehicle if it's plugged in because you're sort of topping off. you're not that sensitive -- unless you're driving on a long trip, you're not that sensitive to charge time. so it affords a great balancing resource, essentially, that utilities can use to fill in the peaks and valleys, so to speak. second point is while we all hope we make this transition as fast as humanly possible, there are somewhere with around 15-17 million new cars sold a year. and so to turn the fleet over 280 million or so vehicles that consumers like you and i drive on our roads, it's going to take

the better part of 20 years. is so we have time to, as we fill in this infrastructure with the growth, we have time to do it. liz: i know that you just struck a partnership with mercedes, and if anybody doubts that the world is going electric, you've got other partnerships with all kinds of companies whether it's nio out of china, volvo, my9 yacht, hyundai -- fiat, general motors and then, of course, with other charging companies, ev go, green lots, ev connect. what other companies are you hoping to really strike partnerships with, and is there really any turning back? >> there really isn't. and, you know, for us it's about bringing the fueling experience into, you know, the mobile era so the companies that we're also working with that you didn't mention for our consumer, google and is apple and mobile

platforms. you have to think about not only the in-dash navigation application or the auto oem general application on your mobile phone, but then the mobile phone natives platforms plus on the fleet side you have a whole litany of players in the software space on the telematic side, on the route planning side. so it is a giant software integration game. but as you said, that's what makes driving an electric car feel so great. it's so modern, right? it's plugged -- it feels like your mobile phone or your computer. liz: yeah. well, you're driving an iphone. checkpoint -- chargepoint, rather, we are watching it very closely, and thank you very much. i'm sure we'll have you back soon because, obviously, we're waiting on hearing whether this fracture deal really comes to fruition. thank you. >> thank you, liz. liz: amc about to do something

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'cause we are. ♪ liz: we have this breaking news, we need e to take you to miami where search and rescue teams are now passing 48 hours of scouring and climbing the rubble for survivors as that apartment building collapse in surfside, florida. here are the latest numbers. 159 people remain unaccounted

for, 4 confirmed dead. of course, florida governor ron desantis is on the scene. he has said today that definitive answers as to how this happened are needed as the cause is still unknown. the governor says he has spoken with president biden who immediately pledged financial support and said he will send a federal investigation if team if needed. but this video that you're looking at right now is, of course, first responders desperately trying inch by inch to very safely, because the building is still unstable, climb through and find survivors. they have reportedly heard some tapping, they have dogs who can hunt out and find these perhaps survivors. we'll be watching it very closely and bring you any new developments as they come. let's shift gears to meme stock mania, specifically movie theater giant amc. it's about to break a four week winning streak. shares slumping more than 6% this week, but perspective here, still up more than 300% over

just the past month. and year to date, talk about a blockbuster performance, amc looking at a jump of 2,500%. let's get to charlie gas gasparino here on the longer term outlook. >> you're heard that saying waiting for gadot, haven't you? something that you're waiting for that never quite happens? liz: samuel beckett, yeah. >> that's what's going on with amc. one of the big sort of parlor games in the investment world right now among traders is trying to figure out what will be the catalyst to finally add reality to this stock price. i know it's down today. it's a money-losing, bet-laden theater chain that wasn't doing well before the pandemic, doing well now. it's fueled by all this buying, and people are trying to figure out what is the trigger. i just want you to know, i think this thing's got longer to go for a lot of reasons, along the

same line why fannie mae took ten years to deflate. but this has something, in my view. but traders are trying to figure out what's the trigger. and what we're hearing is right now a lot was priced into the stock is the expectation of a very good season of movies, blockbuster season, you know, people going back to the movies. that is already priced in. and once those numbers come out, liz -- at least this is the theory, i'm not saying i agree with it, but if you're trading this thing, it might be something to look at -- the stock will deflate somewhat because then people will not focus on that part of the fundamentals, but the bottom line which is prolonged losses, stock being diluted massively because the company wants to sell more shares because it has so much debt on its books, and that's what people are saying. i don't necessarily agree with this. i think this thing has got more to go. but that's what traders are talking about. so if you're trading the stock,

you know, just something to be -- and, obviously, people are trading it. [laughter] there wouldn'tif a movement if they didn't. something to be aware of. switching gears a little bit on tiktok, i know you and i were obsessed with it last summer -- liz: yep. >> we broke the story here at fox business that tiktok could be sold to microsoft, there was talks. that didn't happen. then oracle got involved in not really a sale, but something like a joint venture. then trump, obviously, lost the election, and now everything is up in the air. this thing will probably be mostly done with and resolved, from what we understand, towards the end of the year. and it's just when they pick, they appoint some more people inside cfius. i think there's an assistant director role that needs to be filled. once that happens, liz, the word is that they're likely to make a final decision on this. and that's when you could see

maybe oracle try to go back in or maybe the biden administration will say, hey, all that noise about tiktok being an arm of the chinese government, no great evidence here. or maybe they'll say china is really a bad actor. maybe we have to ban them. and everything we have to put back on the table. i would think even microsoft, you never know, they may get back into it as well. so that's where we are with tiktok. it's when they fill cfius that i think this thing is going to start getting resolved, and people are talking about, you know, filling the position, he has a few months to go, towards the end of the year, liz. back to you. liz: okay. i now have 207,400 followers on@red fox liz on tiktok, charlie -- @redfoxliz on tiktok. [laughter] >> whatever happened to -- [inaudible] liz: oh, yeah. well, he's still there. a whole bunch of people follow us. charlie, we'll see you next time. >> do you remember what he --

liz: no, i forgot. of course i remember. [laughter] we'll be right back with the case for cryptos and the case for the stock coinbase. ♪ ♪ (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, ... urney. and along the ride, you'll have many questions. challenges. and a few surprises.

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liz: folks two and a half minutes left to trade for the entire week. look at the dow it just touched session highs, doesn't go up more than about 300 points it's up 278, and s&p up 14, the nasdaq up 11, the s&p heading towards its second record close in a row. all major indices are going to close out the week with gains the dow seeing its best week since early march, s&p best week since february, and nasdaq having its best week since apri. all right, its been a very wild week, for bitcoin. bitcoin heading back down toward 30,000, as it slips another 13% this week at 32, 317 right now but our countdown closer has one bitcoin crypto play he really

still likes. todd horowitz, host of the bubba show has been picking bitcoin, talk about coinbase. >> hi, liz. you know coinbase is looks like it's a solid company, there are actually real earnings and they are regulated which makes getting into their crypto space a little bit safer for those who have a faint heart, and don't want to play in that $30,000 environment, so i think it's a stock that, you know, gapped up on its opening when it first came out and now, it's selling down around that 220 level and it's a great area to start to step in. some of the volatility is coming out of options so we've setting in, because they benefit from not only bitcoin but other cryptocurrencies and they are very selective on the ones they put in their exchange, so i think it's a really solid play. liz: thank you very much. bubba horowitz, todd it's great to see you thank you very much on this friday, and folks, it has been a wild week, but this

market defies gravity, again we are seeing dow up triple digits looks like a gain around 243 points. >> [closing bell ringing] maria: the s&p will close at the second record in a row. that'll do it for the "claman countdown", we've got meme stock s and larry kudlow is coming up next. larry: hello, everyone. welcome to kudlow, i'm larry kudlow. so, we begin tonight, what did they know and when did they know it? the they in this case, is the five republicans who participated in the final bipartisan infrastructure session with president joe biden , and it sure looks like they were double crossed. a classic bait and switch. the victim of a big lie in full public view. by all accounts, the idea of linking a hard infrastru