tv The Claman Countdown FOX Business June 28, 2021 3:00pm-4:00pm EDT
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earnings start to come out the big surprise is energy stock s that's a place that you want to get into. there's still room with some of the names that have already gone up but oil is probably now, i see oil perhaps getting above $ 85 by the end of the summer. charles: wow. all right, 85, shah, you've been spot on, thanks a lot we appreciate it. sort of a sideways day, although liz claman we are building a little bit of momentum i'm calling that the cp effect. liz: okay, i'll take it. absolutely, we do have to keep an eye on everything involving the nation's scorching heat wave , driving not only temperatures into triple digits but wall street, heating wall street up with a double dose of new records. s&p 500 and nasdaq hitting intra day all-time highs they are both on pace to close at records , you can see the dow is lagging, boeing is really taking much of the wind out of the dow sales at this hour, the stock is the biggest drag on the blue chips after the faa revealed
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serious worries about boeing's newest triple 7 x jet and refuses to certify it. we'll tell you why in a second, but also, as airlines anxiously await their orders on this jet, frontier has no worries. in a fox business exclusive, frontier airline ceo is here on why he only flies airbus jets. whether he ever plans to buy boeing and how his ultra low cost carrier has chartered a course to profitability, plus the newest addition to the russel 2000 is zooming higher, on three weeks, maker of the all -electric so-called fun utility vehicle, is driving straight into the russel 2000. the ceo of the funky trike vehicle that goes 75 miles an hour is here, we'll show it to you and talk about what joining the small cap index means to his company caught up in a wicked meme stock rally and america's newest billionaire is here but he's no dot com tech millennial kid on his first day of trade, the ceo
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of beach body is here on his 23 year long odyssey to take his on -demand workout app public and his goal of making it the disney plus of fitness. yeah, but first, we've got the fox business alert, boeing unable to find any lift in its final hour of trade due to news investors find disappointing at best, alarming at worst. citing among other issues a serious incident on boeing's new 777-x jet during the test flight , the faa is for now rejecting approval for the jet to head into commercial service delaying it until mid-2023. this , not only a blow for the aircraft maker but also for some of the airlines listed on boeing's website as 777-x customers. okay, so as boeing drops 3.6% all of these airlines are awaiting orders. british airways, cafe pacific, e mirates, lufthansa, and singapore airlines but one
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airline here in the u.s. free of that worry, frontier. the ultra low cost carrier, operates a fleet of more than 107 all airbus aircraft to more than 100 destinations in the u.s. , latin america and the caribbean. this company went public on april 1, just as the world was emerging from lockdowns, the stock is down about 3% here in a fox business exclusive is frontier airlines ceo barry biff el. all right, so just give me a sense of just to stay on the news, this boeing issue. you guys fly airbus, correct? why that choice? >> thanks for having us on. we've chosen the airbus a-320 family and have been very pleas ed with it and it helps us deliver the lowest cost in the u.s.. liz: okay, but are you ever going to consider the boeing jet s? whether it's the 777-x or anything else? >> we have no wide bodies so just be clear we're only narrow body aircraft the 320 family
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competes with the 737 family and we have no wide bodies so obviously no 777s are in the considerations, and then familiar with the situation that you're speaking about, but look, we are a very competitive company and we control our costs and so routinely, we go to the market and we will compare boeing to airbus, and just so far, airbus is just one over the years but we will always consider new technologies and give boeing another run at it at some point in the future. liz: new technologies and maybe new growth that would lead you at some point to do routes, of course that could require wide body jets so let's talk about your routes you are no as the no - frill airline, and some of the prices i mean $26 for let's say a flight from cincinnati to orlando, denver to las vegas, 26 trenton to orlando , $34, the list goes on here. you got to give me a sense here on how bookings are looking as we head into the 4th of july
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weekend. >> so bookings are looking great. we expect to book over 90% over the next week, and i'm sure most of the industry will as well. the demand out there is huge, and this is really just mainly leisure demand. we've seen kind of the beginnings of business travel, but i don't expect you'll see that in full swing until after labor day and we haven't even layered in the international component, so you can tell that america and the world is really ready to get back traveling. liz: and some of the things that you offer, and i guess converse ly, don't offer, but you've got the perks and then you've got the works. these are your two bundles the works of course has just about everything where you can cancel at short notice, all kinds of things, 100% refund, flight flexibility, et cetera, but you know, i like one thing that you have here, families board first, right after the priority level, families get to board first, even at such low fares. can you just describe what the priority level gets ahead of
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that? >> yeah, so the priority level, our elite travelers that travel with us a lot and/or spend a lot on our credit card they get the priority service but yes families are also at the top of our kind of customer base. we have animals on the tail which the kids like, but we really cater to each families. liz: well, you know, you got to give us a sense about what's going on with your fees though because yes you guys list yourself as this ultra low cost carrier but you know as well as i do there's people who are annoyed. you're always going to get annoyed customers but you recently back in may tacked on what you called a covid relief fee of about $1.59 per passenger not that that's that much money, but it was kind of hard to find, hard to see , and you had to let go of it a couple of days ago because there were complaints when people realized that. talk to me about better transparencies when it comes to
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tacking on fees that you guys will now implement. >> well i think tacking on fees is not the right description. we were actually being transparent. that's why it was broken out. look, i mean, we're very fortunate the entire u.s. industry is fortunate that the united states government stepped in and helped, but we, ourselves, still owe over $200 million to u.s. taxpayer, and we were being transparent to show we didn't tack on incremental fee. we just showed this portion of the ticket is going to help pay that back, due to the u.s. taxpayers but yeah, we're unfortunately, we were they spun it a different way and our transparencies was actually not being transparent, but look, the bottom line is we have to pay that money back, and it's going to come from our fares whether we break that out and show you what component of it goes to it or not the truth is we have to put aside money to payback government. liz: just as everybody is emerging, so too do competitors, you've got the breeze airline
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coming out, david neilman, of course the founder of jet blue is no stranger to launching successful airlines, spirit has already been in existence, how do you differentiate yourself? >> look, i think we continued having really low cost, not just from a ex-fuel perspective but from a fuel perspective as well, we burn considerably less fuel so we're the right thing for your wallet as well as the planet. taking a little bit extra care than most in the past in terms of the passenger experience, you mentioned we offered a works product, we offer a little bit more comfortable seat and stretch seating products so everything about the passenger experience is a little more up scale, so not only do you get a low fare, but you get a great value for it. liz: well, $26 i'm not sure you can beat that. barry, keep us posted we're watching the stock as clearly you guys are on the move. thank you very much and we'll be following your story. >> thanks for having us on. liz: we've got the nasdaq, folks
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, still mid-air, zooming toward its 18th record close of the year, and after hitting an intraday high, you do still have the s&p 500 in record territory, any gain for the s&p will do it. it's up about 5 points, both as you say, are looking very healthy here but the dow just 1% away from joining them in record territory, i want to bring in our traders scott fullman, and phil flynn. guys let me cut to the chase on this monday. what's the next hot sector and how can investors get ahead of it. we know energy reared its head for the past several months other ones looked really good you can throw in the term value but phil, you begin. what is the next sort of place to be? >> space. it's the final frontier, liz. i'm telling you, this is going to be a very hot sector. it is. i'm not kidding you. look at just what's happened in the last couple of days. i mean, virgin galactic of course got approval to take people in the space their stock went crazy, the u.s. has a space
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force now, and we probably need one because they are admitting there's ufo's out there so it's going to be a lot of money spent in the space. i'm telling you we'll have to think who are those guys but any way, and there's a lot of great stock opportunities, virgin galactic of course is very popular a and but there's other ones more traditional like a defense stock where we look at northrop grumman for example,, n oc. this chart looks incredible very strong stock, it looks like a solid mover as well, but if you want to be a little bit more speculative, you can go to nokia for example. believe it or not, nokia got a contract with nasa to get self- service on the moon, seriously. i'd end up on the dark side of the moon and couldn't get a signal but that's a really speculative one but also there's one more i want to get in before we go, aerochat rocket 9 holdings they build space ships so what space ships need so this
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is going to be a very hot sector and you're getting in fairly early. liz: uh-huh, and who knows, who knows if you get elon musk taking star link public. there is always that, scott full man, your next hot sector, we've got an investor audience that's watching right now, very eager to get into an area that isn't overbought. >> so i'm looking really at two areas right now. first is leisure, but not hotels , not the airlines, but basically, going to the great american outdoors and that's why we like american outdoors, aout. stock looks really great, and we think that this is going to be a popular company for this summer, because again, the consumer is having a difficult time booking trips, getting hotel reservation s, so if they're looking to get out of their house and go some place why not the great outdoors? and then secondly, we have
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lincoln educational services. you know, as the economy starts to ramp up and jobs are opening all over the place, a lot of people want to get retrained and they want to move into something else and this is a company that can help them and to bring them up to speed and get them ready for that potential new job and we think that that's a great opportunity there and the stock is looking very favorable against its competitors right now. liz: okay, good ideas all around we're watching all of this , and folks we do have the dow jones industrials now down 209 points low of the session a loss of 247 , yes a lot of that is boeing as we pointed out we're keeping an eye on that. phil, scott, next time, we'll see you thank you very much. >> thank you. liz: and peloton holding strong, but planet fitness sweating it out as a new fitness competitor blank checks its way on to the u.s. markets today. beach body flexing its muscle on its first day as a publicly- traded stock after completing a nearly $3 billion
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three-way merger with shak back spac, and connected by company mix. coming up, the tri-merger crown ed beach body ceo carl daic hler a billionaire but what are his plans to make the competition feel the burn long term? with the closing bell ringing in 47 minutes carl is live with us on the "claman countdown" when we come back. don't go away. ♪ all by yourself.♪ - oh. - what? rain. cancel and stay? done. go with us and get millions of felixble booking options. expedia. it matters who you travel with. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly
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liz: breaking news, we've got facebook stock jumping at the moment right now it's up more than 3% after a federal court just dismissed the federal trade commissions anti-trust case. dismissed it against the social media giant, so yes, facebook is popping $11.85 to 353.22 however the judge did say that the ftc 's complaint was too vague, giving the agency a chance to amend its complaint with more clarity. now, the d.c. federal courts dismissal of the ftc suit looking to breakup facebook social networking monopoly deals a blow to u.s. regulators and quite frankly politicians on both sides of the aisle who are
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speaking to reign in the power of big tech from this intraday chart you see facebook was kind of bouncing around not really doing much and then boom, it took off just at the top of this hour, it is clearly on the move, right now up 3.5%, and by the way, facebook at a $1 trillion market cap, i just want to check that because it's moving all the way all around, well it's just slightly off it now. on the news it was 1 trillion and now it's at 846.5 trillion, so we're keeping an eye on facebook, but let's keep an eye on your muscles and get ready to flex your trading muscles, beach body is now publicly trading under the ticker symbol "body" following the closing of its three day marger with shaquille o'neal backed spac, forest road acquisition and a company called mixed fitness right now shares up 4.25% in its first hour of final hour of its first day of trade, let's get to the man whose wallet certainly has a
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beach body after today's debut, ceo and newly-vietnammed billionaire carl daikeler. you know, in a nod if you'll forgive me to the grateful dead, what a long, strange trip its been. what is it like to see the baby you started in 1998 hit the tape today? >> well you know what? i've been doing press all day, liz, and i'm so grateful. you're the one person that actually acknowledged the fact this company has been around since 1999, and what's so exciting about it is we have put together literally the only comprehensive company that includes fitness, nutrition, peer support, and supplements that will assist you getting results. it's the only one traded publicly here on on the new york stock exchange under the symbol body and you can say that my wallet got fatter. honestly i haven't sold a share in this company. this is an opportunity for me to see a dream come true in a big way, and i'm, this is not a day
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for me to take anything off the table. this is a day for us to achieve something that i think is truly possible, and that is to expand this business beyond north america, to the world, and we're so grateful to everybody whose supporting the stock today. its been a pretty wild one. liz: your timing is pretty good here. listen, we're right in the beginning of summer, people are, of course trying to get up, get out and move. you are, obviously very subscriber-focused, couple million subscribers. can you give me your current number of subs at the moment? >> we have 3.2 million subscriptions, okay? now there's some people who have multiple subscriptions inside there but that's the most recent number i can use and it's an interesting point that you make, because people talk about, you know, going back to life as normal, but for most of us, i don't know about you but for me, life back to normal does not include regular fitness, like i'm not motivated to work out, so if i can't get it done first thing i wake up rollout of bed
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in the morning and push play on my smartphone or on my laptop and get it done, i'm not going to do it and go out and do it and that's what we're bringing to the world. access to fitness that you get done in 20-30 minutes, you know what you're going to eat for the day with meal plans that we provide and you get the results, and then you go out and you look great as you go about the world and do the things that you love. that's what we specialize in. liz: what do you brussel at more being compared to peloton or being compared to apple fitness which by the way i thought be much more of a thing. everybody talked about apple fitness blasting out on to the scene during the pandemic and it be a peloton killer or a beach body killer. it's kind of neither. >> it's hard to create content that influences people to stick with it. i mean, it's really hard. now peloton has done a terrific job of getting people to stick with us because they pay $3,000 for a bike and you'll stick with that thing and that's what's
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beautiful about bringing mix fitness into the catalog of beach body because we're doing that for around $1,300, so you're saving a lot of money you get this great content and you have an incredible experience, but i think what apple really validates for us, which is why i think you're my friend, former chief strategy officer at disney , recognize in this company when he was looking for the company to put into their spac. he said these guys, beach body, know how to create content and choose trainers that are the best in the world at what they do, and that's, i've got to say, it's a bit of an art, and it's something that we grind on every single day and are going to continue to do for the next 20 years, and that's just not something that you can jump into and say let's be experts at this right away, and that's the difference. liz: you know, it's almost like kevin is a secret weapon not so secret, obviously, but he launch ed the disney streaming platform disney plus and you say you want to become the disney
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plus of fitness apps, so you got to tell me what the plan is because you've got potential shareholders watching, and you've got shareholders looking at your answer right now. >> well, you know, this is why kevin's joining the board. he sees the potential. 150 million people in north america are obese or overweight they haven't made their choice yet. they are looking for their netflix of fitness or their disney plus of fitness. we have never advertised the beachbody brand nationally. like we've never told the beach body you heard about p 90x, insanity, 21 day fix and now people understand the company behind these brands that exists on a platform, and i think that's an incredible opportunity for us to bring this affordable, effective solution into the household so that we can get more of this 150 million people who are suffering back in shape and feeling great, and that's what's so great about running this company. liz: you don't need to spend
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marketing dollars, you're good enough you're like benjamin button aging in reverse. i mean, if that's beachbody, carl, [laughter] people are going to be on that party train. carl good luck and thank you, the stock right now as we said, looking very strong here, beach body i believe is up about 6% right now, last check, yeah, more than 6%. congratulations. >> thanks, liz. liz: carl daikeler of beachbody, the heat is on across the nation from california to oregon to washington state, all the way to nyc. yes, the record high temps are roasting the nation, but how do you profit off this? yes, the stocks going red hot in this sizzling heat. we're going to name them for you and take you live to the center of one of the worst areas when it comes to the heat wave, closing bell ringing in 36 minutes, dow is down 184, but the nasdaq on track for yet another record, it's charging higher by 126 points, don't go
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liz: we've a fox business alert, cruise lines are hitting rough waters at this hour in today's pop stocks the markets cruising sinking to the bottom of the s&p carnival leading the charge to the downside after saying it plans to sell $500 million worth of shares to bolster its operations, which ceo arnold donald just told us friday, will be kicking back into high gear in july in the u.s.. ccl down 7%, okay and they have a pretty good cash position, so when you do these floats it becomes dilutive, and then you can look at rcl, royal caribbean whose celebrity edge became the first ship to leave the u.s. port since the start of the pandemic on saturday. that stock is down 6 1/3 percent as it continues to deal with renewed covid fears and norwegian down 5.6% kind of getting swept down with the same
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big wave there. all right, microsoft big teching its way past the $2 trillion mark the windows 11 and teams maker hitting new high, jeffrey says there's plenty of room for these records to run, analyst brent thill raising price target from $280 to 310 per share, we're right now at 267. he's got hopes for microsoft's cloud pc platform launch. another firm throwing in the towel on trying to rate gamestop, yeah, these researcher s just they can't do it. it's all over the place, baird now suspending its rating of the original meme stock, blaming the impact of its social media popularity on shares. now, only three of nine original analysts remain in the game, so to speak, when it comes to rating a video game retailer, baird is calling sebastian saying it will remain in neutral until a meaningful update on gamestop's new business model, shares continue to jump 2.6%,
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sebastian's price target by the way still stands at 25 a share. yes, folks, rub your eyes here, gamestop right now is at 214.93 a share. to meme mania's other ogs theatre chain amc shares jumping after f-9 fast and furious sucks box office debut, the ninth sequal in the franchise raking in $70 million this weekend by the way that's the biggest opening since the start of the pandemic. amc also seeing its busiest weekend in the u.s. since march, with more than 2 million theatre goers coming through the chains doors between thursday and sunday, amc popping 7.8% of $ 58.27. a cool air-conditioned movie theatre probably looking pretty good in face of the record heat blasting across the nation. weather particularly on the west coast and the northwest coast
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reaching tip triple digits from phoenix to seattle, portland, oregon you're hearing a lot about that. let's take a live look at the weather map. look at these temperatures las vegas 106 so las vegas is always hot, phoenix 108, seattle 109, portland 115 degrees, you can see that spokane is at 106, mother of them all, death valley , california, at 120 degrees. the heat wave causing a strain on power grids across the country, texas where grady trimble has more on the wide- ranging business impact as mother nature turns up the heat and there are ways to profit from the heat wave, right , grady? reporter: there are, liz. ironically today is one of the cooler days of the past week and a half or so, but last week 's heat wave here in texas was the first real test of the summer for the power grid here in the lone star state. the governor here as well as er
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cot which operates the power grid insists that there's plenty of reserve capacity going into the summer months, but there are some experts who really doubt that. they wonder whether we are getting too close here in the state of texas to not having enough power in case some of the plants do go out so we talked to those experts about what to look forward to. they say the weather is getting more unpredictable here in texas and other parts of the country and because of that, operating the power grid is getting more unpredictable as well. >> you know it's kind of like the way we headed into this february, where we had done fine in the februaries before but we have a grid that's really not prepared for extreme weather, not prepared for a few things to go wrong and because we're on this isolated grid. reporter: that, of course the reference to february's winter storms here in texas, that knocked out power to about 70% of the lone star state, and because of that, there have been some laws passed to make changes to how the power grid is
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operated here in texas, independent of other power grids across the country we should mention and you touched on the pacific northwest, liz. it is getting really hot there in a place where they are certainly not used to it. 115 degrees is the high today in portland and there are some serious concerns about heat- related illnesses and deaths because a lot of the homes there, they don't ac because they simply don't generally need it. we should also point out as far as the power grid goes here in texas, $73 billion in the current infrastructure bill proposal would go to updating the power grid all across the country, we're not sure exactly how much of that would go to texas but certainly something lawmakers and the people who live here are looking at because they've dealt with so much over the past six months or so. liz? liz: yeah, and we're looking at air conditioner retailers, they are mostly higher, pool corporations, folks, up 1/3 of a
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percent but it has been on a terror i don't know if we can show pool for year-over-year but we talked about that in the morning meeting and let me just pull this up because i've got to tell you its been pretty impressive to see a company that does pool equipment and pool building very nice move year-to-date and we're talking about a gain of 74% year-over-year, and maybe we can show generac too, because we've discussed that, of course maker of the big generators are seeing a nice moved to it is higher by 3.5%, and let me just quickly tell you what it's doing up 236% year-over-year, up 80% year-to-date so there are ways, of course to profit off a very hot time, lots of stocks and of course the utilities as well. grady trimble thank you very much. riding meme stock mania right into the russel 2000, and we talk the reddit room and what today's entry into the russel
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liz: the russel 2000 and russel 3000 just got a little more fun. arcomoto, the company behind the fully electric fun utility vehicle zipping on to the key small cap indices today, what a ride the stock has been on, yes it's up 6% right now, but ticker symbol fev shares up 257% over just the past year, as the auto industry shifts into high gear on all kinds of electric vehicles. the reddit crowd also kind of contributing to this super charged performance, but joining us now on a fox business exclusive from the hot eugene,
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oregon, of all places, is the man behind the vehicles, founder and ceo, mark frohmeier. welcome back, congratulations on joining the russel. you must be out there, what's it like? >> thank you, liz and thanks for having me back on the show. well, i just got back from a run , it was 91 degrees when i started and it's just this is not typical eugene weather. although i guess it's sort of maybe it's the new typical, but we had i think we hit 111 degrees yesterday which was the final day of the olympic trials here in eugene, and they actually had to even sort of postpone a bunch of the events until the night because of the temperatures, so we're definitely feeling the effects of our cooking climate. liz: well, let's get to your cooking company, arcimoto, and
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these hhstrike vehicles that are motorcycle class, when you first joined us several months ago, it is still a very young company, but you now have orders. you now have a rental business in four different states. talk about how business has been for this all-electric so-called fun vehicles or arcimoto. >> we're basically pushing forward on a whole bunch of different fronts, we've been in production now for about a year and a half, delivering some of our very earliest vehicles to early customers. a big part of our experience model is vehicle rental, so the fuv is a really joyful experience, and we think it's a great experience in first rental operation up in key west, now we have one in san diego in eugene, and that's kind of how we're intending our initial customers to actually try it out. that plan was put on hiatus at the beginning of the pandemic,
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but now that things are opening up again, we're pushing full steam ahead on vehicle rentals, and then we also just purchased a new facility to go into what we consider to be true mass production, and so we're working very hard to do the planning for much higher volume production that we're aiming to kickoff at the end of next year. liz: okay, they go about 75 miles an hour so they are approved for regular road driving and it's not just about fun. these are delivery vehicles you've got them for first responders who are purchasing some of these. you are now going into something called the cameo, which be for i love this the movie business because anybody ever on a movie set knows you've got a lot of different golf carts zipping around, but look, we're in a heat wave right now. doesn't look like that thing has air conditioning, it looks boil ing hot, or freezing cold, depending on the snow that will eventually hit eugene, we hope. >> well actually, even driving it around yesterday in 100-plus degree heat, it's a ton of fun. you get at least air in from all
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directions, but i think to the point that you were driving at was really important about the arcitmoto is the platform itself, about right sizing the footprint of daily mobility because the way we transport ourselves typically is in full size cars and we're almost always driving alone or just with one other person, and so the idea of arcitmoto is to really build special purpose vehicles for different types of the last mile or the last 10- mile trips, our initial vehicles are open and you can of course add various different kinds of enclosures but there's nothing about the platform itself that prevents us from doing the fully embodied hvac and in fact those are on the drawing board for subsequent iterations. liz: okay, yeah. princess would need air conditioning for sure that be me it's great to see you we're watching the company very closely, because as you join the
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russel 2000 and the russel 3000 this could mean a real bump beyond what we're seeing today. thank you very much. >> thanks so much, liz great to see you. liz: same here. the world's largest crypto exchange getting blacked out across the pond. why is the uk cracking down on binance? yes, coinbase's competitor, plus , the man who moves the crypto markets like none other, ready to write the book on his electrifying life, literally, the book, charlie breaks it on the power player helping the entrepreneur and inventer put pen to paper for the story at tesla, spacex, the boring company, and more, yeah, elon musk the book, closing bell ringing in 15 minutes we're coming right back.
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liz: well we do have digital currencies bouncing back at this hour, despite the world's largest crypto exchange by volume, getting banned by the brits. yeah, bitcoin is now above 34,000, we finally have ethererum backup 2,000 and litecoin is up about $8.90 to 136. binance had been set to launch its own crypto marketplace based in the uk called binance markets limited but that product has been banned. regulators say the exchange does not meet its anti-money laundering standards and binance 's main website outside the perview of britt and's financial conduct authority can still be used by the fans to make trades, meanwhile dogecoin is making a big move on yes, you
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guessed it another tweet from elon musk this time in support of calls to reduce dogecoin' transaction fees, doge moving higher by 4.25% at this hour and with binance getting booted from the uk we do have coinbase up a significant amount here, 9.6% higher for coinbase, as perhaps there are fewer options at least in that part of the country for people to trade. in other elon musk news, tesla speeding past a speed bump in china the ev maker issuing a recall of nearly 300,000 model 3 and model y cars related to the electric vehicle autopilot feature and it's a software fix you don't have to drag the car in but this as elon musk is making a pretty electric friday ing move of his own. charlie gasparino is here on elon musk, the book. charlie? charlie: well, there's been other books on him but this be , if it does happen and it's still
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an if, liz, it's not guaranteed there's a negotiation going on and if this does happen, it's going to be probably the , you know, the book on elon musk just like walter izaacson' book on steve jobs was the book, and that's the famed author, fox business has learned that he is speaking with or having an employee tended conversation with elon musk the tesla founder , spacex founder about doing his biography in the same way that's the deep dive, 50 interviews, two years and you're right the definitive book about a major person in finance, and that's what the biographer, we should point out that walter izaacson is a long term journalist, academic, biographer he doesn't need any introductions by me but he's one of the best at this and seriously contemplating doing something and obviously, in order for this book to happen, you need izaacson to want to go ahead with it and again he's not
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fully committed and they are still talking and you also need cooperation with elon musk and you know, mr. musk is a little fickle when it comes to the press. i do hear though, from my sources, that isaacson is the type of person he would want to do with his biography. the one fly in the ointment is i would say a lot of people compare elon musk to steve jobs, you know, mr. isaacson has done that recently on a yahoo finance piece done an interview with him , should put up the quote, it's a fascinating quote, in some ways he's the steve jobs of our time and crazy enough to think he can change the world and might be one of the ones who do change the world. one of the problems with that is , liz, is that when mr. isaacson did the book on jobs, he already came back to apple, saved it out of bankruptcy and transformed the company into this iconic company that dominates how we
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communicate and listen to music and you name it. it was a transformative company. i don't think you could say that about tesla right now. not only does elon musk -- liz: yes you can. we're going to fight about this again? charlie: i don't drive a tesla. i do have an iphone but i don't drive a tesla. that's the problem. liz: we're coming right back.
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♪ ♪. liz: supply down, prices up. chip giant nvidia, one of today's big winners on the s&p and the nasdaq. it is 40 billion-dollar purchase of semiconductor architect company arm holdings reportedly getting key support of three of arm's top customers. among those who have given the stamp of approval, fellow
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chipmaker, marvell technology. all the names, sarge, are moving higher. sarge one of our favorite traders. you like the intel two names. micron jumping. why these two? >> nvidia is fantastic. it is more than a gpu story. it is exposing to data center thanks to the acquisition. cryptocurrency, artificial intelligence. just signed a deal with google either this morning or yesterday. actually i sold some of this today. i had 780-dollar target price on the stock. it swamped my target price. i took rest of my shares, heading up to 920 is my highest target price i could find. that is my target price. i jacked up the panic point as well. as for marvell, they're integral to the upgrade cycle. you heard of microsoft, amazon,
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samsung. i think marvell only started to grow. doubling over two years but only started to grow. this one i think retail investors can afford. liz: sarge, listen, great picks. i have to ask you, we're at a record high for the nasdaq. record for the s&p. you're very disciplined. you said you even took money off the table with some of these favorite names. what would you do overall about the markets? what is the advice to our viewers as we continue to go higher and higher? >> i'm skewing towards the tech names right now, towards the nasdaq names. i believe the technical set-up for the nasdaq composite is actually superior right now. they're breaking past the pivot point compared to the s&p 500 or the, or the transportation average which is actually much worse off. so that is actually a harbinger of if you're a dow theorist, maybe the dow shouldn't be as high as it is. i do believe whether the economy grows like joe biden likes he wants to or doesn't grow, we'll have to pour money into the
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semiconductor names, into the software names no, renewable energy. those are areas of technology i think you can make a home in. liz: sarge guilfoyle, great to see you. thank you very much. [closing bell rings] we look to close at or above 14,500 for the nasdaq, up 140 points. that is a brand new record. same for the s&p. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. a lot tonight about too much spending, too much taxing, too much regulating. let's go right to capitol hill for all the latest on the infrastructure swamp. here is the great hillary vaughn. good evening, hillary. reporter: good evening, larry. after this weekend president biden walked back the threat not to sign the infrastructure bill unless it came with a reconciliation bill with all the extras, republicans today are not buying it. senator t
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