we should respect the bond market, and earlier in the year it's the canary in the coal mine. you stick to your guns, you stick to your knitting, that's why you're one of the best. erin, congratulations again, you really invested in great picks the last year. that's going to do it for me. the nasdaq started low, it's coming higher. liz claman, another final hour that looks pretty juicy. liz: i know. and it's like a horse us race, but the markets are moving in such a tight range, right, charles? we are looking right now, folks, while off the highs, we're looking at the s&p 500 trying to eke out its fourth straight record, the nasdaq looking at two records in a row. we to have the dow, let's call it a flatline here, still up about 6 points. the record rally comes as president joe biden has just in the past couple minutes made his pitch for trillions in infrastructure spending in wisconsin. talking a look at the lacrosse

hybrid, he also checked out a road-paving project. we're going to take you straight to the badger state not only for a live report, but also we'll take a look at the stocks that could run higher on any kind of infrastructure spending. plus, we will speak with the man who convinced the world's biggest chipmaker to set up shop not in its home country, but in arizona. former state department official and docusign ceo keith crock is here exclusively on the semiconductor shortage and what needs the happen next to get chip production back on track. plus, have you heard this name iron source? iron source usually spends its time monetizing mobile games like call of duty mobileing making money for the parent companies. today it is celebrating its first day as a publicly-traded company. the ceo is here as it adds some heavy metal to the market. first, let's get to this breaking news. president joe biden in la

crosse, wisconsin, at this hour drumming up support for the bipartisan infrastructure framework that would be the a largest long-term investment in the nation's infrastructure in nearly a century. if passed but congress, this includes the largest investment in terms of transit in history, the largest investment in passenger rail since the creation of amtrak and the biggest chunk of money going to repairing our nation's bridges since the creation of the interstate highway system. yeah, hello, lbj. and it even includes building a network of ev charging stations. a lot of them. the president, apparently, has just wrapped up his remarks in the past couple minutes. edward lawrence joins us live from the white house. headlines and we're going to scroll in some of these stocks that could really bounce. >> reporter: right, and that's one of the things, he's walking that balance there. ev charging stations, 500,000 across the nation, and republicans are looking for some of that traditional infrastructure that you outlined there. so he's making that case saying that his plans are working.

and using some of the data on the ground in wisconsin. may of 2020, the unemployment rate in wisconsin was 10.4%. in may of 2021, the unemployment rate, 3.9%. this is why he's saying it's working. this does not take into account the self-imposed government shutdown and now the reopening of the economy that's happened. in the drive to the site, the president going through lacrosse, wisconsin, was seeing some protesters. you can see the flags and the signs that they were holding there. some farmers are concerned about the proposals coming out of the white house. but the president is saying that his plans will build back better including this infrastructure bull. infrastructure bill. listen. >> this is a generational investment, a generational investment to modernize our infrastructure creating millions of good paying jobs. and that's not coming from me, that's coming from wall street. millions of good paying jobs that position america to compete if with the rest of the world in the 21st century. >> reporter: but with today

the support from republicans may be fading a little bit. now, the white house again saying that the two bills, reconciliation and infrastructure, are not connected. but listen here to senator roger wicker from kansas. >> we need to have a harder stance here. i understand that he's herding a lot of cats over on his side, but i think it was just a below the belt, right, when he did, when he made his comments that he tied the two. so that wasn't a mistake. i think it was very purposeful or else very dumb and stupid. so i'm furious. i would love to have seen an infrastructure plan. senators, democrats, republicans worked their tails off, they had a solid plan. >> reporter: or and roger marshall there, but you see very skeptical about what the president was saying. the president having to keep the republicans onboard as well as the progressives for his plan going forward at least for this infrastructure deal. liz? liz: uh-huh. trying to keep everybody happy -- [laughter] very hard to do, edward. thank you very much.

>> reporter: yeah. liz: always. always, and you're right there with the -- yeah, let's hope so. wisconsin, by the way, where the president is right now, absolutely wild housing market right now. there is a rush to scoop up homes in the badger state. demand skyrocketing there. but with low inventory and high building costs, the median purchase price in northeastern wisconsin has now soared to $192,500 through the first four months of 2021. this according to the wisconsin realtors' association who says that's a more than 37% increase from just five yearsing -- years ago. but if you broaden the aperture, this is the really a reflection of what the rest of the country is experiencing. the case-shiller index which tracks 20 major cities came out this morning surging 14.9% annually in april. that's the biggest gain, have to go back to december of 2005 to see a bigger one. if we're in a housing boom,

we've got to ask, should we be preparing for a housing bust? to our floor show, one of the foremost experts on the mortgage market, barry that a bean -- habub, along with scott redler. barry, boston's fed president warned just yesterday that the economy cannot sustain another 2008-style real estate boom/bust. does it look like we're headed in that direction albeit at a slightly different angle? >> hey, liz, great to see you. i don't think we're in for a bubble, but individuals could put themselves in their own personal bubble because if you have a home that's on the market, let's say for $400,000 and the is seller's listing it for $450 and you wind up paying 525 for it, you could put yourself in your own bubble. this market is so hot. we can't really compare it back to 2008 -- 2007 or 2009, because back then what you had was you had 3.7 million home for sale.

today there's only a million home for sales. back then you had 116 million households. today you have 128 million households. 12 million more households searching for how manies that are 3 million less or -- homes that are 3 million less. it's a really challenging environment. liz: well, i get it, but we are seeing still very historically low mortgage rates, right? i mean, barry, my question becomes if we start to look at people who have left money on the table by not refinancing, and i was looking at some numbers here, and it was the pretty interesting, there are a lot of people who did not reify last year, and they could have made back an average of $300 a month had they done that. what are we talking about with the average 30-year fixed mortgage rate at 3.02%? don't these things have to move when the fed has to move? >> so think about what's out there, number one. yes, you should refinance because if people are saying,

look, i want to wait for 2.5%, $300 a month that you could be saving today even if, you're right, if it comes down, it might take nine months, a year to get there. remember, inflation is running hotter. and at the jackson hole meeting, the fed might say they're going to start to taper mortgage-backed securities. the boston fed president along with the st.ed the president, bullard, is saying maybe the fed should slow those purchases down. so they're probably not the only two voices. you could miss this opportunity. if you think about the appreciation that you just mentioned, roughly 15%, and add that to am more fewization, pay down your mortgage a little bit, anybody who's got mortgage insurance, anybody who's got debt, think about pulling some cash out of your home, wipe out your debt, but then take that found money and don't blow it, pay accelerated payments on your mortgage and save time. liz: right. let's bring in another voice, and that would be scotted areler. scott, how do you play what

could be at several months or a couple years of a very hot housing market or some type of pullback? and that, i guess, would make sense if you start to see rates meaningfully rise. >> well, i agree with a lot of what gary said with this not being the same time frame of 2007-2008. i just want to add to it in that time frame i also remember people getting houses and apartments with no money down, interest-only, they were pieing three, four, five -- buying three, four, five of them trying to flip them. i don't see that happening in the housing market now. i think people have one home, some people moving out of the city, so it's creating more demand, so some pockets are increasing and some are off their highs like some major cities. so i don't think there's a bust coming in the housing market nor with these packages, to also get into the stock market. and most institutions now are making you put a lot of documents down. then it was like, okay, interest only, you got it, here's your fourth one, doesn't matter. that's not happening now.

that's why the market didn't get affected that much by this pandemic east. if you could afford to trade up, okay, you might be able to sell your house and you get a bigger house, just make sure you can handle your payments so so if the economy slows down, you can afford it. you were asking what sector do i think could give some alpha over the course of the next month or so that has a nice chart which is what i follow, i like the small caps. i think they've been in this channel now for multiple months. the iwm seems like it's going to break out above 234, and that could help power the stock market through the summer, so i do think there is a lot of healthy sector rotation and a lot of money going around, that's why the stock market's been technically working pretty well. liz: yeah. iwm reflects the russell 2000, the small and mid caps. it's had a pretty good year, up about 63%. barry, scott, good stuff as we watch a housing market that just

doesn't seem to quit. we've sort of seen that movie before and, yes, barry, i've seen the rock of ages poster. barry was a producer of rock of ages on broadway. i think i saw it 38 times. >> walked the red carpet with me. liz: there you go. folks, we do need to make a hard turn here. workers are racing around the clock to find the 150 people still missing six days after the champlain tower's south condo came crashing down. what building owners across the entire area of miami-dade county are now being told and ordered to do to avoid a situation like this ever happening again. we're going to take you live on the ground right by that building in surfside, florida. that is next. closing bell, 49 minutes away. now the dow is up 15 points. it's been a real push me-pull you here today, but we're comfortably above 34,200. stay tuned, we're coming right back.

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liz: we have this breaking news, the white house has just announced that president biden will be

visiting surfside, florida, on thursday where just six days ago this horrific condo building collapsed taking the lives of at least 131 people. 150 -- 11 people. 150 others are still reportedly missing as rescuers search for any signs of life. miami-dade county has now announced it's going to be launching inspections of all buildings that are more than five stories tall and 40 years or older. while officials are calling for audits within the next 30 days, top inspection consultants are saying, well, that's great, but we really worry that momentummed hand power and enforcement will delay these safety checks. ashley webster is live on the scene in surfside, florida. ashley. >> reporter: hi, liz. and you're right, the massive effort to start auditing these older buildings in the walk, of course, of the collapse of the champlain tower has really ramped up, but the question is how many people are there available to do that job. there are experts who are saying

you cannot rush this. you really need to look at each of these buildings carefully so that 30 to 45-day deadline that's being put in place by the county, there are questions already being asked about that time table. let me get out of the way, liz, as we look down the street here. this is where the rescue workers down the street, you can see the latest shift coming off here. there's 210 personnel working 12-hour shifts around the clock. they say they haven't given up hope. they're continuing to surgery, but it hasn't been -- to search. but it hasn't been easy. there are still pieces of debris falling off part of the building that is still standing. that has prevented the searchers from getting to a 45-feet area to check in there. of course, the debris itself is not stable, and then we have these waves of storms that come through. so all in all, a very difficult task. that effort goes on. now, a building report done on the champlain towers south in

2018 revealed all sorts of problems. in part, let me just give you a part of what was discussed by the engineer who did that inspection. it said visual observations revealed plaintiff -- many of the previous garage concrete repairs are failing resulting in additional concrete cracking. new cracks are radiating from the originally repaired cracks which is evidence of poor workmanship performed by the previous contractor, and the president of the homeowners association of the collapsed building had said just two months ago, liz, that the deterioration of the building had gotten a lot worse since that 2018 report and that the cost of repairs would be in excess of $16 million. an assessment that the owners of the, you know, the condos would have to pay. so clearly, all sorts of questions. but that deadline of checking each building within 45 days, we spoke to a home inspector who said that's probably not a good idea. take a listen.

>> i would say it's impossible. i would say most inspectors would just don't want to do it because you're putting yourself up for failure at the end of the day. the outcome is to do a good job, not to -- it's not how many buildings can you do, it's to do a good job. >> reporter: it could take weeks or months to get to a cause of this. they're going to have to move very slowly, but at the same time they're trying to find any survivors. but there has been a lot of attention, liz, on the pool area and poor drawnage allowing water to seep down into the underground garage, and a pool contractor reported hi last year reported that there were huge cracks in that basement lawyer in the garage. -- area in the garage. and, of course, what her concerns were, hourfully, turned out to be true when the building collapsed. but again, the actual cause is many, many months or many weeks if not months away. and in the meantime, city

officials are doing everything they can to make sure something like this never happens again. liz. liz: ashley, thank you very much. keep us posted. if there are any developments on finding anybody. we have a new player in the gaming space joysticking its way into the public markets at this hour. coming up, the company that your favorite app makers have tapped to help bring their games to your fingertips and your payments to their coffers. but it'll have to slay a few competitor drag gones in the process. dragons in the process. the iron source ceo is here on his plans to do just that and win over investors. closing bell 40 minutes away, the dow climbing now. stay tuned, we're coming righting back. with one companion that hedges the risks you choose

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back to back wins in today's pops driven by one of the crypto's biggest fans looking to succeed where many before her have not. ark investments fund queen cathie wood pouring kerosene and lighting a match by adding a seventh exebb change-traded fund to her arsenal. this one, yes, would be foxed on the crypto universe's founding currency, adding herself to a long lust of hopeful -- list of hopefuls a awaiting a green light from regulators to start their own bitcoin etfs. bitcoin right now is up 5.5%, now well above $36,000. yeah, before the week started we were more like 30,000. and fueling bit queue, right? -- bit q, right? it is also moving higher, one of its holdings, coinbase, extending yesterday's gains, and right now it's up 4.25% lifting bit q up about 3.7.

and we also have gray scale bitcoin trust. okay, this is an interesting one. it is shooter higher by 6.5% after morgan stanley revealed it's bought more than 28,000 shares of the bitcoin investment vehicle. it's a trust, folks. it's got a lot of bitcoin in it. it's not exactly an exchange-traded fund, but cathie wood wants to be the first to pull that off. we shall see. for its part, morgan stanley is a huge winner on the s&p, and we should show goldman sachs as well. they're vaulting into the dow's winner's circle, 3.25%. goldman if up 1%. santa coming early after passing the federal reserve's stress tests, the financials increased their dividends. in fact, i think morgan doubled its dividend. jpmorgan flat to slightly higher, but that's something investors immediately love to see, and they are snapping up shares of morgan right now. there are but for citigroup

investors, yeah, that one's kind of a lump of coal. the big bank leaving its dividend, ouch, so you have stu down 2.25% -- 12eu down 2.25%. c suite selling is shocking shares of luminar. and it's not just any member, it's the ceo, austin russell. he became the youngest self-made billionaire when luminar went public back in december. well, now he's selling 10 million shares of his a.i. start-up at $22 apiece. that price a more than 5% discount to yesterday's close. austin russell's stake now stands at 28% of the company. shares down 4% to 22.23. the 60th spac merger of 2021 is now complete, and there's a good chance you're already either a customer or potentially an indirect investor through some of the biggest names in the app world.

iron source power 89 of the top 100 games on the app store including words with friends, call of duty mobile. specifically, iron source enables parent companies to make money as you play away. the $11 billion tech titan officially hitting the market after a blank check deal. stock up about a quarter of a percent right now moments before its first closing bell. we welcome iron source cofounder and ceo. tomar, congratulations. this is a bug deal. i mean, when you started the company 11 years ago, did you ever imagine you would become the biggest listing on the israeli stock exchange, let alone on the new york stock exchange? >> no, not at all. [laughter] i had no clue. no one can really know that. but i'm very happy we did, and thank you for having us. it was a dream come true. no one could imagine if it would be this massive and this so much

fun. liz: we've got to explain to people. you do hope gaming giants monetize games, but how are youen abling, or let's just say, any game developer to turn their creation into a moneymaker? >> yeah, that's actually a great question. so one of the beautiful things happening in our industry is the -- [inaudible] you don't really need to be a aaa gaming company to have to -- game out there. you can be a very small indie developer focusing on great content, and you can take the content9 and fully scale it to a very scale a bl, successful business. probably you know of games that were very small developers that managed to make it big, really big thanks to platforms like us. liz: tomer, look, you are

raising $2.1 billion for the company. please tell me how you guys plan to spend that. >> so we've been around for over a decade, and we've always been able to grow organically, and we decided to go public at this time and specifically in the partnership being probably the best software investor out there because we want to really -- the public equity that we have will be used to consolidate the market around us and be more aggressive than we're already being in the last decade acuring companies and melting them into us. liz: there are a lot of competitors -- maybe not a lot of competitors in this space, but big ones. you obviously have ad mob which, of course, google alphabet runs. these are big sort of dragons you need to slay and keep away.

i know it's not exactly an apples to apples comparison, but another israeli company is trying to help out with montization -- monetization. tell this investor audience why your stock should be the one they invest in. >> so the app economy is huge and super interesting. it's derivative of the fact that we all spend many hours a day on our mobile devices. we do everything in our mobile devices. work related, social media, entertainment, everything's done on our mobile devices, and most of the time we spend on our mobile devices, 83% of the time we spend on our mobile devices is within apps. we are really powering that economy. we are the ones really helping those content creators, those ad developers in creating great content, we help them scale. and we target two main constituents of the app economy, the app developers and the --

so -- full end to end solution. as far as i know, we're the only ones doing that. liz: really quick, and i do just want to let you know as you're speaking the stock is continuing to climb. you're now up a percent. the global chip shortage, i know that it has hit a lot of the hand seth devices -- handset devices, etc. is that a thing? are you seeing the effects from that? >> sorry, i couldn't hear the last question. liz: the global chip shortage. >> yes. so, look, we operate in a global economy, right? we operate with all the different app developers, all the telcos world wild serving all of them the -- worldwide. and i think personally i'm very happy to see thing bity -- that buy into it, and we hope to continue like that. liz: okay. tomer, we're watching, and congratulations to you and the team starting 11 years ago. [laughter] yeah, market cap, not bad.

tomer, thank you very much. well, from video games to your debit card, you know those little microchips that help you pay with just a wave of your credit card? that's the latest product taking a hut from the global chip shortage. coming up, the man who has convinced taiwan semi to bring production to the u.s. he's here in a fox business exclusive on where things stand and when this semi conductor shortage might come to an end. closing bell, 27 minutes away. we're coming right back. ♪ ♪

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♪♪ liz: well, president biden is racing to get his infrastructure bill passed. the global shortage of semiconductors continues. now, the biden administration and, quite frankly, the trump administration before it, pushing congress to do something. biden is trying to pass $52

billion in funding for chip production and research before congress leaveses for august recess saying the situation poses a national security issue. in the meantime, the former undersecretary of state for economic growth, keith crock, has been meeting with the governor of arizona along with, executives from two of the most important players, intel and the world's biggest chip foundry, taiwan semiconductor. taiwan semi is the biggest of the big. keith crock yesterday at tsmc's arizona office, the taiwanese giant -- which, of course, the world depends on for microchips -- has basically started to build a $12 billion chip factory in the state which crock helped facilitate when he worked for the trump administration. joining us now straight from those meetings in phoenix, arizona, in a fox business exclusive, keith crock, who's also now the chairman of per due's center for -- purdue's center for technology.

what happened in those meetings with taiwan semi? >> well, they told us about what they've been rolling out. they've already broken ground. they're beginning to lay the foundation. they'll be building out over next year, and they expect to have some of their first production runs in 2023. now, here's the great news, liz, is that, you know, that largest onshoring in u.s. history that we were able to pull off, one of the predictions we made -- and that was a $12 billion investment -- now they're going to be doing six phases over the next six years up to $75 billion. they're going to invest in this facility in arizona. and that also is coupled -- you know, we had two theories when we did that. one was that it would spur the other check up manufacturers to build in the u.s -- chip manufacturers to build in the u.s. as opposed to israel,

ireland and particularly in china. so intel has now announced $20 billion going into arizona. and we're also working with samsung, and this is going to be in that order of magnitude. so it's not going to solve the chip problem shortage overnight, but these are the most sophisticated chips. it is so vital to national security, liz. and we were talking with governor doocy, because he was so instrumental in getting tsmc to make that commitment. liz: oh, i can imagine. we do have this senate bill that officially has a name, it's called the u.s. innovation and competition act, it is squarely aimed at competing with china. you, of course, have been at loggerrerheads with china especially when you were with the trump administration. what is there to fear about china in i know, and we can show the map, how many foundries or fabrication plants we have here

in the united states which has really slowed to a tiny trickle, and then you compare it to the map of china and how many are there. but talk to us, convince us that this is a national security issue and not just a, hey, we want to steal business from china. >> right. and, yes, semiconductors is his obsession for a simple reason, and that is semiconductors lay the foundation for literally almost all technologies whether it's 5g, a.i., cybersecurity, biotech. it is, it is absolutely the key. and this is why when we worked with senator cornyn and senator warren and helped design that chip to get that manufacturing back here to the u.s., it was down to about 12%, it was going down to 8%. the other thing that went along

with it was another bull that we helped design with senator schumer and senator young, and that's the $150 billion endless frontiers act which is the ten critical national security sectors which are those sectors that i just rattled off. now it's combined into a $250 billion u.s. innovation and competitive act. it's known as a the china bill. passed in the senate, going to the house. i'm sure there'll be a few adjustments. and the reason why this is so important, liz, is that the chinese communist party is a real and urgent threat to our democracy. and i tell silicon valley companies, they're a real and urgent threat to your business. they don't want to just compete, they want to put you out of business. and they deal that by stealing intellectual property, not playing by the rules, using slave labor, coal-fired power plants, that whole thick. and as you -- that whole thing.

and as you know, we were instrumental in defeating huawei and the ccp's master plan for controlling 5g, which is vital. liz: well, as we look at some of these companies, you know, over the past year they have soared because there is such a shortage, huge demand. and, you know, we've had a lot of car companies come on, and they tell us there are a minimum of 34 chips in each car and, obviously, elon musk has talked about how the supply chain nightmare is just a disaster, so we're watching it. and i know it takes a long time, but you there at the helling. with taiwan system my, let's wait and see. i'd love to be there for real groundbreaking, keith, okay? >> all right, liz, you're coming out. it's going to be quite an event. and this is critical to our national security and for the productivity of the united states. you know, talking with a number of these -- liz: jobs, sure. got it. >> right? and there, you know, they have guys working overtime if it

wasn't for that. so they're working on it. liz: okay. keith krach at the helm, thank you very much. let's get to facebook, folks. facebook crossing, as you know yesterday, the $1 trillion mark. where the social network stands at this hour on big news, and it broke about an hour ago. with about let's call it 17, 16 minutes to go before the closing bell, what a story. marlo hernandez joins my everyone talks to liz podcast. after integrating from cuba to miami not knowing a word of english, marlo pushed his way through medical school with a lot of debt. medical school debt and then he started a business while he was in medical school. what was that buzz? to build an empire -- that business? to build an empire of clinics to disrupt the entire health care industry and provide affordable care for all. hear how marlo went from immigrant in miami to medical

mogul running a publicly-traded company. it's everyone talks to liz, you can get it anywhere you listen to your podcast. please tell me what you think of this one. tweet me @lizclaman. just let me know. 15 minutes away from the closing bell, dow is up 10. ♪ ♪ it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile-

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♪♪ liz: well, facebook shares slipping despite the launch of a newsletter product called bulletin. this came out just about an hour ago. the social network's new stand-alone platte form for paid articles -- there's malcolm gladwell, they've got a lot of big names who are going to put up articles and podcasts, origin agoal content. this is a clear shot across the bow at substack.

the latest push into news-related products. and i bring up substack because the whole theory about facebook, and what do they call it? they call it destroy mode, you either copy, acquire or kill. facebook sees competition, they either copy it, buy it or somehow figure out how to kill it. the move come one day after facebook shares hit all-time highs yesterday after a judge dismissed a federal and state-level antitrust suit. every bit of regulatory action against dismissed. why? because the judge said that the government did not prove that facebook was monopolistic in its behavior. a record-breaking move did thrust the market cap briefly above the $1 trillion mark threshold making it the sixth wealthiest company in the world. you can see it's down about 1.4%, and what does that mean? well, profit taking.

the stock is down and below $1 trillion at around $800 billion or so as the market cap. as facebook did dodge that regulatory bullet yesterday, wall street's worried the stock market's top cop is coming for them, and they're frantically seeking clarity from the securities and exchange commissioner chair gary gensler. charlie gasparino, you've been beating the wishes on this one. -- bushes on this one. what have you found? >> well, you know, the sec chairman is a bug job. it's going to be a -- a big job. it's going to be a transformational sec, at least that's what fenceler is promising and signaling to wall street executives and others who are meeting with him trying to figure out where he's going with tough. and what's kind of interesting about this, liz, is the timetable he has to push through this agenda which is haley on discuss closures of environmental issues and carbon footprints for companies, twrsty and things of that nature if, softer issues than in the past which was the sec mainly forcing

companies to disclose material events that could impact the stock and its earnings. he's got a small window at least according to people at the sec, what they're signaling to people on wall street, that he knows that in 2022 you can have a republican congress. particularly if you have a republican senate, the senate provides oversight over the securities and exchange commission. these policies, if he pushes them out in 2022 or 2023 when the senate turns republican, if it does -- a lot of people think it could -- they're going to be pretty hard to get through. he's going to be up on capitol hill a lot explaining himself, playly in the -- particularly if the republicans take and the house and the senate. he's going to do it faster than you would otherwise see it, these corporate disclosures could be put down as a rule in the fall and approved by the sec through a party-line vote, five

commissioners, three democrats including distanceler, possibly by the end of the year. -- they know, you know, pat toomey has said it, he's the senator on, ranking member on the banking committee, a republican, he's going to hold gary gensler's feet to the fire if he dose with this way. -- he goes this way. he's got a short window. along the lines with what biden is doing with budget reconciliation and other measures to essentially pass spending bills that he's worried9 won't get through congress if it's a republican congress. so that's where we are right now. you know, with what i'm hearing from people that gensler's agenda is heavily influenced by elizabeth warren, the firebrand senator, democratic senator from montana. no fan of -- from massachusetts. no fan of corporate america. and that's why the republicans are so up in arms. they believe elizabeth warren may be calling the shots at the sec. at least that's what they're telling us. and with that, if they take control again, liz, and it's an if, not saying they are, it's

going to be pretty interesting to see what happens. we should also point out that gensler has other issues on his plate that he's going to look at gameification of wall street, cryptocurrencies, you name it. he's going to look at traditional things as well. back to you. liz: okay. yeah, i don't know. worked at goldman sachs, kind of split down the middle. thanks, charlie. we're coming right back with the countdown closer's small cap names. not just the reddit room darlings. stay tuned. ♪♪ just to let me down ♪ ♪ and mess me around and then ♪ ♪ worst of all ♪ ♪ you never call ♪ baby daydreaming again? but i love you still you know i'm driving, right? . . it's another day. and anything could happen.

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♪. liz: there is one characteristic among a lot of the meme stocks names, they're small caps but it is not all about the meme names when you come to the russell 2000. just yesterday fun utility vehicle company arcamodo seeing a 250% run over the last 52

weeks. gamestop a lot of names that started in the russell, our "countdown" closer said if you stick around you can find meme names worth investing in the small caps. craig callahan is with me now. let's get to the names, craig what have you got? >> we think the small cap leadership that goes back to last fall is very sensible. also dividend paying stops, their leadership is very sensible and we think sustainable. one favorite is a small cap bank stock out of maryland, kerney financial. we think they will grow earnings 10% but over next two years 15% year-over-year. looks like a good acquisition candidate for us. liz: kerney. let's put up the chart -- for get it, the russell does not pay dividend but obviously this one does. talk about the yields you're looking at in a name like this. >> right around 3%. that is difficult to find

nowadays in such a healthy, growing prosperous company. liz: i apologize if you already said that i didn't hear it. you're saying it. 3.25% for the dividend. not bad. you like a company called chart industries. shares are up 250% there. you just don't need a arcimodo, right? >> we like the cyclicals, consumer discretionary, industrials and chart industries is right in the middle of industrials. so we have them about 25% below our estimate of fair value and earnings growing at 33% next year around 22% the year after that. so it is a very healthy, prosperous, growing company. liz: craig, we're looking at a record on the nasdaq again today. a record on the s&p, at the close. a few seconds away, are you worried things are getting too frothy? >> the way we do value, we see

the market below fair value. expect it to move higher the next year. liz: higher the next year. lovely to have you, craig callahan of icon advisors. [closing bell rings] four records in a row for the s&p 500, two straight for the nasdaq. what a day. it is only tuesday, folks. dow is also higher by just three points. that will do it for "the claman countdown." "kudlow" is next ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. folks, it is bad enough that president biden and democratic leadership essentially double-crossed the gop bipartisan infrastructure package that includes the democrats who participated in it, bad enough, but it is really bad that the pelosi is holding the infrastructure package is holding it hostage, hostage to a tsunami of tax hikes and increases that will