now, ken? do you know, have you got the petal to -- pedal to metal? >> yeah, we don't get these conditions that often, my friend. doesn't happen that often. charles: i agree, you know? if people are waiting on the sidelines for the perfect time, this might be it. have a great fourth, my friend. all right. well, the markets look great as i hand it over to lauren simonetti. lauren, over to you. lauren: thank you, charles. well, fourth of july fireworks coming two days early on wall street. take a look, the dow, the s&p and the nasdaq aim for new record highs. the dow needs 144 points for its first record since may the 7th. it is awfully close. just below that right now. the s&p 500 looking at its seventh straight all-time high, and the nasdaq eyeing its 20th record of the year, 2021. most of the markets up two-thirds of 1%. they're spurred by the addition of 850,000 jobs in the month of

june. denny's hoping to add to that number. the ceo, john miller, here to tell us how his america's diner hiring tour is going. and microsoft 365's largest solutions provider went public today. we're twinge to talk to -- going to talk to its ceo about the big day and how surviving 9/11 in the twin towers drove his success. plus, yes, america's birthday is nearly here. the phantom fireworks ceo joins us in a fox business exclusive to tell us how sales are exploding post-pandemic. markets rallying to new record highs thanks to that better than expected june jobs report. the u.s. economy adding 850,000 jobs to payrolls in june, far surpassing the 700,000 that were predicted. but the unemployment rate rose to 5.9% last month, and that was greater than the expectation. well, earlier today ashley webster sat down with lay are

boar secretary marty walsh on "varney & co." to get his take. >> this report was a good, solid report. we're excited. it shows that president biden's economic plans are working. and we certainly still have a ways to go as we move forward here. i think that we will see, hopefully, hopefully we will see more people coming into the work force and getting jobs after labor day. a lot of that is due to the fact that more and more people are getting vaccinated every day. lauren: all right, let's get straight to our traders tom hayes and scott bauer. tom, you just heard the labor secretary. he says more people will go back to work when they're vaccinated, but how about when their state ends the extra unemployment benefits? >> well, i think that's a key factor, lauren, as you saw. actually, the number of unemployed people ticked up a bit to 9.5 million. that compares with 5.7 million pre-pandemic. the unemployment rate ticked up to 5.9%, that compares with 3.5%

pre-pandemic. that manes that the fed -- means that the fed is probably going to, as powell have been saying, taper becomes a 2022 issue. market is up, biggest gainers, leisure and hospitality picked up 343,000 and education, 269,000 jobs. i think there's an interesting trade here, because the thurm one factor in housing -- the number one factor in housing demand is jobs. and we did pick up 850,000 of those this year. one of the things that we're looking at is the mortgage originators. they've been beaten up in recent months, and united wholesale mortgage corp. is trading at 9.3 times next year's earnings, loan depot's trading at 4.8 times next year's and rocket mortgage 11.8 times next year's. so, you know, with the market up 90% off of pandemic lows, fining value is a harder and harder to do. but with 72 million millennials

around 30 years old starting housing formation and rates staying, the 10-year below 150 basis points, we think there could be a great opportunity here over the next 12-24 months. lauren: i want to go back to something you said earlier and, scott, let me bring you in. 9.5 million unemployed, right in but there are 9.3 million jobs that are open. i know it's not that easy, but why can't those people without jobs fill the jobs that are open? >> you know, it's a different skill set. it's a different labor market right now, and many of the jobs where people were laid off pre-pandemic have just not come back yet. but overall, lauren, if you look ated today's number here, today's number's not going to change the fed's view whatsoever. they've been anticipating an acceleration in the labor market. and you know what? maybe they're right. maybe that is starting to happen now. however, in the last two months -- just as the last two months slightly disappointed the

market where the numbers for both april and may came in below expectation, this one month of good data should not really make people that jubilant. hopefully, the pick-up in hiring does signal that, you know, the fed that people are going to and firms are going to have more success fining workers. that that's just -- finding workers. that's just going to have to play out. this pace of hiring does seem sustainable over the next 6-12 months, and certainly we all and the fed certainly hopes that picks up. lauren: what about wages here, tom? up 3.6% year-over-year. is that a lot? i ask that because you look at the price of most goods, and they've gone up a lot more than that. albeit, you can make the argument that prices are starting to come down for commodities and the like. but as the fed looks at the inflation situation, what do you think they do? >> well, lauren, i think you hit the nail on the head before. you know, 25 states still have extended unemployment benefits, the other 25 have extinguished

them. so while the year-on-year wages are up, i think you're going to see a tremendous amount of labor supply come on market in september which may subdue the wage growth that we've been seeing in the short term. so when you think about 9.5 million people that don't have jobs, once those extended unemployment benefits roll off in those 25 most populace states, by the way, a lot of people will flock back in, and that'll put pressure on wages as there's more supply of labor and employers don't have to pay up so much to get anyone to show up. lauren: and one more for you, tom. the 10-year yield down today, down -- i think it's the longest losing streak of the year. what do you make of that? >> yeah. i think it points to what we've been talking about. you know, with 9.5 million people still unemployed, the fed is going to be in no rush to do aggressive tapering or aggressive rate raises. tapering becomes a 2022 issue,

rate raises become a 2023 issue, and we've got to get that number down. prepandemic there were only 5.7 million people unemployed, and until that happens it will be ped ifal to the metal, and that's kind of why we're looking at this opportunity in the mortgage originators because they have been beaten down so much, but that demand is going to come back in spades. and to your point with lumber prices collapsing, supply is going to come back online, volume is going to come back online, and we think that where to look over the next 12-24 months. >> tom hayes, thank you so much. well, regardless of what july's numbers are in a month from now, a restaurant chain is looking to be a huge contributor. denny's launching its nationwide america's diner hiring tour aiming to hire 20,000 new employees for its more than 1600 u.s. locations. and over the last year, denny's stock heating up, look at that, about 75%. so will this week's hiring tour

be that grand slam? to denny's ceo, john miller. welcome. >> well, thank you for having me told. >> so how many people have you hired so far? >> the hiring is going great. this is a 53-foot big red truck that feeds people whenever there's disasters like hurricanes or fires. we deployed it. it's a mobile kitchen. it usually brings people together when they have no power. but in this case, we're trying to empower people that want to go back to work. and it has been an interesting time as people sort of get out of the vaccine fears, so their daycare challenges and -- solve their daycare challenges and start to make their plans, and we just want to raise the awareness that denny's is a great place to be. we've got the an environment that's very value-oriented. people stay longer, we have a lower turnover than the averages among the industry, and we kind of treat people like family here. so we'd like to be able to take

people where they are. if they need job training, we have it. career pasts, we have it. if they're considering career changes, we have management positions open. and we've made it easier. careers.dennies.com is where you apply -- dennys.com. and if you stop by the diner while it's on the road in these cities, you can get a free red, white and but breakfast over the fourth of july, or the first 25 in any of the restaurants can get that free breakfast while they're asking for an application to come back to work -- lauren: so how many applications have you received? >> how many applications? i don't know. i should have checked on that. it's going well. i got pictures of the truck. it just landed in arcade a ya. we have a pretty good crowd there right now. lauer lauren i'm just asking because it's a brilliant idea. you have this big truck going coast to coast, essentially. i was looking at some of the cities that you are going to. missouri, guess what? st. louis, missouri --

[inaudible conversations] it ended their unemployment benefits on june 12th. >> we went to oklahoma city, albuquerque, flagstaff and now we're in arcadia. and remember, we have a couple hundred stores in and around the l.a. area. so as you can imagine, we'll have a big turnout -- lauren hawn and and i'm just wondering though, john, if you're going to have a bigger turnout because those states ended those extra unemployment benefits so, therefore, there's more desire for those people in those states to want to get a job because they can't get paid more by not working. >> truth be told, there is, there is -- applicant flow is picking up in the states where those benefits have slowed down or they've been announced to change. we think that'll happen. these are all temporary challenges across all 50 states. we think it's going to change pretty quickly. and listening to the session before this one, certainly by september you'll see a fairly material change.

so we do expect to be staffed, but at the same time, at our last earnings call we had only a third of our stores open 24 hours, and we are a brand that's always end open. so we're desperate to get back to that a always open position across all 50 states, and we need to staff up. so we're excited about being able to do that. lauren: have you raised wages or offered more perks to get people to apply? i know the free breakfast and the tour, but anything a little bit more substantial to the bottom line? >> it varies by state. so in areas where it's a little tougher, where unemployment is a little -- lauren: where is that? >> very strong economy. oklahoma, for instance, some other places, texas, south carolina, a lot of new manufacturing jobs being created so where the unemployment's a little lower, then we've -- the local franchisees have provided some incentives, some starting bonuses or incentives to make referrals from the current staff that works for us.

and then in other areas where people are starting to walk in the door pretty briskly, they're varied across the country. the company's stores average around $15 an hour for hostesses -- i mean, for our servicing cooks. so it's really not a starting wage question, it's just really about people finding that time to move back to where they expect to be post-pandemic. and it is unfolding as we speak. lauren: it is. and in the jobs report that we just received for the month of june, the leisure and hospitality sector creating about 360,000 new jobs. so as we look at this economic recovery, it kind of is coming full circle, that now all sectors are open, ready for business and, hopefully, the employees do come back and do come back to denny's. what's your favorite breakfast in. [laughter] >> we certainly are counting on it. lauren: john miller, thank you very much. >> thank you for having me on

personal data to america's meat and gasoline supplies. up next, what the newest public company in the market is doing to protect the data of millions of microsoft software users. we go live to the nasdaq and we ask the ceo. but first, let's check the big board of the dow. up 160 points to 34,794. "claman countdown" coming right back. ♪♪ limu emu... and doug. so then i said to him, you oughta customize your car insurance with liberty mutual, so you only pay for what you need. oh um, doug can we talk about something other than work, it's the weekend. yeah, yeah. [ squawk ] hot dog or... chicken?

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♪ lauren: okay. didi's stock sinking just two days following its $4.4 billion ip o, down 7% today. why? the uber of china came under investigation. the chinese cyber is space agency is looking into the company to, quote, protect national security and the public interest. well, maybe they should talk to our next guest, the data management cloud solutions company just hit the market this morning after going public in a spac merger with the apex technology acquisition corp.. and just ahead of the company's first closing bell, we welcome the ceo and cofound, t.j. young. thank you, t.j., for coming on.

congratulations. >> thank you, lauren. it's good to be here. lauren: so you've been in this business. you founded your company, what, 20 years ago. >> that's right. it's not usual to find a 20-year-old software company at its most exciting juncture of its evolution. lauren: and why is it exciting right now? is it because with the pandemic everything and everyone shifted online to the cloud and security is a key issue or something else, in your view? >> yeah, lauren, you know, in the software business we always say a year is an eternity. we were able to successfully pivot from content management to then cloud. we were actually the first, one of the very first microsoft staff partners to invest very aggressively into microsoft cloud. this was back in 2011 days when microsoft wasn't cool at the time. and we actually have the platform play, we were able to do the end to end kollab management protection as well as migration integration of microsoft cloud data. so we have done this for a long

time. and now, as you correctly point out, the pace of which enterprises and companies are going to clouden mass if because of -- en masse because of this accelerated schedule brought about by pandemic. so more people are onto cloud, there's more data to cover, and there's more risks around oversharing. you talk about security. so that's very much what we do. we enable enterprises to collaborate with confidence. lauren: microsoft is now $2 trillion worth of cool. how are you protecting their software? >> yeah. so microsoft is a massive ecosystem producing the singular cloud platform, but there are many different businesses. they're as sophisticated as someone like goldman sachs, highly regular lawsuited or as -- regulated or as somebody down the street with just five people. we actually help companies to help protect their data a because the way cloud software, especially something like team,

they're designed to be very viral. it's very easy to share, very easy to use. but then what comes after that? there's no clean up. it's estimated that 90% of enterprise data leakage happens unintentional wily by internal actors. this is where our software comes in. digital asset management, of are retirement, of recertification, of actually powell and insight to look at -- policy and insight to to look at where the potential mistakes and policy violation occur. 60% of our customers are to regulated industry, government, financial services, retail, manufacturing, yeah. lauren: it's a hot topic when a pipeline and a meat supplier are both attacked -- >> absolutely. lauren: -- right after the other. look, you were looking to tap the public market through a traditional ipo last fall. you changed your mind. you went through a spac, and you raised $495 million in cash. what will you use that money

for? >> well, we have very clear five-vector growth. we'll focus aggressively on taking care of our existing customers to grow from 110% to 120% which is the golden standard in the world here. so that means our business will grow at 20% year-over-year by just taking care of our existing customers. we have expanded investment into our direct sales organization. today we have over 25% of the fortune 500, vast majority from large enterprise. so we expanded our steals team by -- sales team by over 50% in the last four months. so that help us grow into 2022 and beyond. and also very importantly, because we've been doing enterprise sas, with that soft war, we do the government data instances, we see that small businesses are coming to us. managed service providers who build a business of reoccurring managing small business data in the cloud are coming to us to use our enterprise grade solutions to manage hunts of ten -- hundreds of tenants.

that represents 40% of microsoft's cloud market today. so it's a tremendous field for us to grow into. in addition, we're investing into vertical solutions as well as in day in data in-country clouds. every time microsoft with drops into countries, we see our business grow. so we see an opportunity to go after africa, we have 45% of our business in north america and the rest in western europe and aipac. lauren: i do want to get this question in because it's a good one. we're talking about one more than holiday, the fourth of july, but another major american event, 9/11, really shaped your personal life and your professional life. you were in the world trade center, the 14th floor, i believe, and you got out. >> my office was the 40th floor. world trade the center 1, lehman brothers. i was on my way to work, and i was across the river in jersey. you're from jersey, you know

that. i was trying to get across because i saw the first building hit, and i personally saw the second building hit, the south tower. and that is a life-changing event for all of us. so i decided to go back to grad school, get a doctorate in data mining and machine learning and started avepoint. lauren: so your company was born in the wake of 9/11. >> that's right. and now we're a public company, and great companies are made in the crucible of being a public company. i'm quoting the sounder of cisco here, and we're very, very excited to leverage the capital market to grow much faster with strong tail wynns. we built this -- tailwinds. we built this business with no debt. there's only seven other public companies in the software space like us here in new york listed on nasdaq and nyse with that tube of growth profile, possibility and revenue level. lauren: t.j., thank you so much for telling your story and congratulations.

>> have a great fourth of july weekend. lauren: you too. are you ready to wreak out the backerlers? -- sparklers? the new threat creating major fireworks ahead of the fourth of july. the phantom fireworks ceo is here. and the high price boom not ending there. we're hitting the road to find out how much your holiday weekend getaway could cost you as prices at the pump creep higher and higher. let's check the markets because stocks are creeping higher too. the dow jones up 161 points, on track to set a new record high. ditto e for the s&p 500, it's up 30 right now, and the nasdaq surging 108. we're coming right back. ♪ ♪ they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq

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♪ lauren: the most expensive gas in the country is getting more expensive. california increasing its gas tax yesterday. and while the increase is only

one-sixth of one cent, it does increase the amount of taxes per gallon to 51 cents. the tax increase coming just a day ahead of the busiest travel weekend of the year. record number of drivers hitting the roads. and jeff flock is one of them. now, jeff, you're in chicago. those gas prices are certainly rivaling california. >> reporter: you know, it's high all over, but i'll tell you, lauren, i think this year probable more so than in orr years we don't mind as much because we can get out and go places. of course, when you've got a lot of people on the road, of course, you've got a lot of traffic, and that's pretty much what you see out my front window. trucks and people in rvs and everyone going everywhere. take a look at the prices we're paying at the pump though. we're at about $3.13, the national average right now. that's about a nickel more than it was just last week. it's a dime more than it was or so a month ago. and almost a dollar more than it

was a year ago. but as you report, despite the high gas prices, people are still out on the road. take a look at these numbers. as you report, an all-time record. they're predicting 43.6 million people on the road this independence holiday. that's a whole lot more than the 32 million last year and more than ever before, even before the pandemic. so i guess we're coming back. overall travel the up 34% from the cars, 163% if you're going by plane and 40% overall. and as the aaa folks told us, despite the high prices and the increased costs, people are happy to be out there and going. lauren: jeff, one question for you. >> reporter: yes. lauren: at what point is there demand destruction? at what price point do, you know, do people back away and say, you know, we're just not driving that far even though we can't wait to actually go somewhere because we finally

can? >> reporter: i think under normal circumstances we'd already be seeing it. you go up a dollar in the past year, as much as it's gone, highest since 2014, we'd already be seeing it in a normal year. this time, however, we've got all this pent-up demand, and people willing to spend more to travel, i think, than they normally would. lauren: you must be right, because you showed $4 and change at a chicago gas station earlier, and my jaw dropped. jeff flock, thank you. [laughter] >> reporter: happy fourth. lauren: happy fourth. >> reporter: you and stuart varney. lauren: i've been hanging out with him too much. billionaire richard branson said to be the world's richest man into space, announcing its founder would be on the next test flight of its spaceship slated for july 11th. that's a full nine days before jeff bezos is supposed to take

flight on blue origin's rocket. but krispy kreme, yeah, they're slipping in their second day of trade, shares popping more than 23% yesterday in the doughnut chain's nearly $3 billion return to the public markets yesterday. but today the picture is, i guess you can say, a lot less sweet because the stock is down 7.7% at 19.32 a share right now. mgm announcing it will be sourcing lithium for its ev batteries right here in the u.s. the hummer and volt maker working towards making its entire auto lineup all electric by 2035. and up next, will the latest global supply shortage turn your celebration of america's birthday into a dud? we're talking to ceo of phantom fireworks next on "the claman countdown. "

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u.s. money reserve is one of the most dependable gold distributors in america. ♪♪ lauren: the demand for fireworks is skyrocket aring, but supply is down just about 30%. why? you guessed it, shipping delays, manufacturing delays sparked by covid-19. so what can consumers expect to see at their local supply stores this weekend? if you haven't gone out yet and you want to have a party and set off some fireworks. we're going to ask the ceo of phantom fireworks. thanks for taking time out to do this interview with us. how busy are your stores? >> we are really jamming. if you could be at one of our stores today -- lauren: we're -- we are. >> oh, then you're seeing a lot of demand and a lot of people, and i think you see the smile on people's faces thinking about

their barbecue or picnic on the fourth of july. lauren: screen left. look at all those people at a store in pennsylvania. you know, it's amazing when you hook at those customers are probably paying more, and you can tell me how much more because you're paying more to get your fireworks from china because supply e is down, manufacturing issues, but also shipping problem. and you can't just, you know, fireworks are explosive. and you can't just easily ship them. right? >> well, consumer fireworks are shipped as a flammable commodity. they're really not explosive, but they are shipped with high hazard labeling. so it's hard to get a large number of containers of consumer fireworks on a single ship. we're limited by rule. lauren: so how much higher have prices gone? >> we're probably at 30% higher, and that's just part of the problem. the other problem, of course, the fact that we don't have the variety we've had in past years

because we only received about 70% of the fireworks we ordered. and so there's less variety, but we do have -- and here in the stores, so you probably see a lot of fireworks. we do have product on the shelves now, but we expect by tomorrow night or fourth of july day you'll see a lot of empty shelves. lauren: but this is a good problem to have, right, bruce? i mean, last year bored people lockedded down for months lit their own fireworks, even the display fireworks were canceled. this year, well, you've got both. you have people excited, and you have those big fireworks displays popular again. so i'd imagine you're in a nice spot. >> we are certainly having, if we're having a problem, it's a positive problem. we're selling out of our goods. but it is, it is difficult to digest that we could sell probably 50% more if we had the

inventory. [laughter] lauren: we have the inventory for the -- will you have the inventory for 2022? >> we certainly hope so. we're planning for that, and our orders are going to be much larger than this year. we just hope that the shipping crisis ends soon. and i'm sure many other industries feel the same. the fireworks industry is highly seasonal, and as you can see the crowd in the store, it only happens once a year. so we, it certainly is. lauren: not to dour the mood, but it you look at temperatures rising out west, fires, what's your message to people who might want to light some fireworks if they're living in those parts of the country? >> well, we, we're -- we sell fireworks, phantom sells throughout the united states, and we're certainly aware of in states like california historically they have a high fire risk.

so so the products that are sold in california are not the products that you see in the stores that you're at today. they're stationary, they only give off a fountain effect, they don't propel themselves in the air, and we encourage people in states where there is a high fire risk to only use approved fireworks regulated by their state laws and the state fire marshal. so we tell everyone, use it safely, respect where you're at and respect your neighbors and your pets. lauren: bruce zoldan, happy forty of july. thank you very much for the -- happy fourth of july. thank you very much for the time. >> thank you for having me. lauren: a new short seller on the prowl if. up next, charlie breaks it on today's misfortune could mean to the future of meme stock mania's favorite trading platform which is the app robinhood. and let's see how cryptos are trading today. yep, all down across the board.

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♪ lauren: well, boeing finding itself left out of the dow's rally today. take a look at a shares here. they're down 1.3% after a boeing-made cargo jet operated by transair was forced to make an emergency water landing near hawaii. the 737 had been awe attempting to return back to the honolulu airport before touching down in the ocean around 2:0 this morning local -- 2:30 this morning local time. there were two pilots flying the more than 40-year-old plane that reported engine problems shortly

after takeoff, confirming the loss of one engine entirely. both pilots were rescued safely, thank goodness. one was found just clinging to the plane's tail, the other nearby in the crash's debris field. it just sends chills through your spine. they're both okay. the engine maker, pratt and whitney, says it is cooperating with the investigation into the crash. taking a look at the share price, raytheon stock trading up but it did announce a $2 billion contract with the air force. well, a bad review for amc rocking shares into the close. iceberg research revealing via twitter that it had taken a short position, squarely blaming the theater chain's shaky fundamentals, that's a quote, for its bearish stance. the meme mania favorite right now down 6%, but i i love giving the year to date figure. amc is up 2,300% this year.

however, could this crash call on amc posing even bigger threats right now to the reddit room trade thing platform of choice which is robinhood as that app prepares to go public? joining us now, charlie gasparino. so you looked at iceberg research, and they say short amc. why exactly? >> by the way, they're not the only ones saying this. this has been bouncing around for a while. and the sort of investment thesis is this: the fundamentals are horrible. we don't have to go through that. people aren't going to movies as much even before the pandemic. 2019 was a lousy year for amc. then they got hit with the pandemic which was catastrophic because they closed down movie theaters. but still the trends are not amc's friend. that's the fundamentals. but what's interesting about what the other part of the argument is against amc is that a lot of reasons why this stock is pumped up is because of call option buying.

and when you buy calls, you actually have to -- when you sell calls, you actually have to buy the stock to hedge against that sale because, guess what, you may have to deliver the stock if shares do go up as they are going up. so it leads to a sort of feeding frenzy. and most of the sort of call-related rallies are temporary. they don't last forever. that's been bouncing around the markets. i've been talking the a lot of traders about that lately. that's what, essentially, iceberg said in its research. by the way, i know nothing about the research team, i'd never heard of this team -- lauren: me neither. i had to look them up. >> the orr thing to watch with this stock, begun, i'm skeptical that this thing is going to end anytime soon. i think there's, you know, as long as you have 0% interest rates and the fed printing money and government checks getting out there, i think there's a lot

of reason to keep, you know, give people reasons to speculate in stocks. but another rationale out there for the slowdown in the meme stock investing is that there's a little bit of -- there's a lack of real buying pressure now. the volume on this stuff is pretty low because there's a lack of conviction on the stock on the long end. volumes have dropped off in the daily trade thing. finish so you put that all together, and that's what people like iceberg are coming up with. again, i think there's still some room here. it's pretty interesting though, if you look at the robinhood ipo, how much they attribute the buying of amc and these meme stocks on their bottom line. if you look at the list of things that they basically said are risks to the business model, up there very high was the end of the pandemic because people are not going to be trading as much, but also the end of the meme stock main ya which when that meme stock stuff started kicking in, robinhood basically started turning profits late

last year and this year. so this whole meme stock thing gave robinhood a huge lifeline in terms of its ipo. lauren: right. >> and one orr thing to throw in there -- other thing to throw in there, there is this social media thing among the amc devotees, they call themselves apes. ooh ironically, shorting shares of robinhood at the i if po because -- ipo to hurt the ipo price. we should point out that many of the amc apes think that shorting stocks should be illegal, and they think that there's a ca a ball out there to destroy naked short selling which there's been no evidence -- lauren: well, the transparency when we do get it, that robinhood i portion o, we did get information about it, a lot of those reddit room traders, if you will, caused robinhood to have to curb some straying in gamestop and -- trading in gamestop and other stocks, and they lost accounts because of

it. >> well, you know, in their defense, they would tell you it was technical reasons. they didn't have the cash on hand to settle the trades. lauren: right. >> you know, they just got done paying a fine. part of it was because of some of those issues. you could make the case that they should have foresaw that, but they didn't. this is a nascent company. so it's interesting. both movements, both things are interconnected. the amc meme stock craze and robinhood's longevity and its ipo, and they're going to come together in a couple weeks. i think at the end of july, right? lauren: the new modern way to trade. charlie gasparino, thank you very much. our countdown closer says elon musk and three other major market players you should be hitting the gas on now as the post-panpandemic shifts into hih gear. yes, we're at session high, dow at 185, set to close at a record. s&p up seven in a row.

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>> lauren: four minutes and 15 seconds till the weekend, everybody. and the closing bell will ring, and the dow, the s&p 500, and the nasdaq if they stay where they are now, they will close at record highs. yes, volume is light, but this melt up continues. all three averages in the green on the week. it is two weeks in a row for the nasdaq, which is the outperformer today. advanced microdevices the biggest s&p 500 winner this week, up almost 11% this week after rival intel announced its up coming server processor fell behind schedule, good news for amd, the stock is up because of it. take a look at walgreen's, the biggest drag on the broader market this week, down about 8%. they admitted yesterday that they will see reduced revenue in this current quarter because fewer people are coming into their stores to get vaccinated for covid-19. well, with the markets set to

close at new record highs, our countdown closer has just launched his own etf to help investors capitalize on the next decade of what he calls the roaring 20s. the ceo is here now. thanks for coming on. >> thanks for having me. >> lauren: why launch this etf now? >> it is the perfect time, isn't it? last year was probably one of the more difficult years that we have faced as americans, fighting the pandemic, and by my measure, we've pretty much defeated covid and people are out spending money in record amounts. the vibe is just amazing in all the major cities. bars are full. restaurants are full. full sporting events. so this is a great time for investors to look for growth in their portfolios, and that's why we launched the etf is to give people access to our ideas. >> lauren: we are looking at what is in this etf. let's look at some of these companies. tesla, tough year for tough year for tesla, i know 2020 was a

spectacular year for them. they have great news today, right? quarterly deliveries topping record 200,000. why do you like tesla? >> well, i love the company for many reasons, being a leader in self-driving ai, ev vehicles, energy and storage but when you look at their success in growing their business even over the last 12 months, it is unparalleled in certainly the auto industry or even most industries, but, you know, tesla was hampered in the last couple quarters with the launch of the model s and x and getting that out, and those deliveries have started with the tesla model s which i took delivery of a few days ago. it is most incredible -- >> lauren: whoa. >> oh yeah. it is the most incredible car. i call it a fighter plane, ever made. the fastest car on the road. it is the safest car on the road. it is beautiful. and now -- >> lauren: and expensive. >> yeah, it is expensive, but it is a whole new refresh cycle for model s owners with a lot of margin for tesla. deliveries are ramping for the

model s in q3 along with continued just enormous demand for electric vehicles as oil and gas prices continue to go higher. >> lauren: why did you put mgm on this list because, you know, yes, vegas reopening, pent up demand, but why mgm over the other casinos? >> i have been an investor in mgm and mirage back in the day for most of my life. casinos are a good business in general. it is a reopening play but also on-line gambling play, falls into our theme of things that used to be illegal which are cannabis and on-line gambling. we are investors through bet mgm. interactive corporation iac is also an investor in mgm and bet mgm. on-line gambling component along with the sports properties mgm is involved in las vegas as well as the physical casinos, it is everything you want to be happening in a stock. fairly reasonable valuation despite its run-up or recovery. so we're very bullish on the future of las vegas and mgm is

the best player. >> lauren: thank you very much. you like mgm are firing on all cylinders my friend. enjoy the new car. record closes for the dow, up 150 points, for the nasdaq and for the s&p 500, that will do it for the claman countdown. hope everyone has a beautiful 4th of july weekend. kudlow is next. welcome to kudlow. i'm in for larry kudlow. our top story today, the u.s. economy adds 850,000 jobs in june, the biggest gain in ten months. the unemployment rate rising to 5.9%. edward lawrence is live from the white house with details. >> 850,000 jobs added back what's very interesting in this one you mentioned the unemployment rate ticking up to 5.9%. that's because there are 18,000 fewer peo