volatility goes out you get a lot more from the options play, and that's why some of the smarter money went into those options plays as we saw these growth stocks start to come back and now of course excell. charles: right. i'm loving it. i mean, it's phenomenonal and a lot of retail investors are going that way. ryan, michelle couldn't pick two smarter people really appreciate it. liz we've got momentum as we head into the final hour of trading. liz: well yeah, it's kind of like that taper talk from the federal reserve is giving markets a way to find their footing at this moment right? after the release of the june segment the nasdaq is now looking at its third straight record close, that's not such a neat trick because any gain would give us that, but the s&p definitely needed let's call it exactly 8 points to hit new record, well it's there. it needs well let's call it nine points to do the trick so you've got to stay tuned for that the s&p is up 16 at the moment. the dow needs more like 210

points so with the dow up maybe four it doesn't look like that anything could happen, you know in this final hour of trade. this happens as the big apple today honors the doctors and nurses and all of the other hero s of the pandemic, with a parade down the canyon of heros. we've got the chairman and ceo of biomarin pharmaceutical. he and what he's learned since the coronavirus pandemic took more than 621,000 american lives and disrupted the global economy he's here wait until you hear what he did during the pandemic and what he and his company are doing now. a fox business exclusive. visa plunging head-first into the crypto world, you can soon buy nearly anything with digital currency, and with that visa brand attached to it, giving a lot of people confidence to finally take the crypto plunge. the visa chief financial officer is here to explain why the major shift, plus the fortunes of two actresses going in opposite

directions, as reese witherspoon aims for a deal and jessica alba 's honest company still hasn't found a bottom yet, plus charlie breaks it, on all of the goings on at the summer camp for billionaires on day two , in sun valley, idaho and yes, i am sure he's caused all kinds of drama and trouble, because that's what charlie does over there. breaking news no, we begin with tropical storm elsa. we need to let you know that at this hour it's over northern florida and southern georgia. it is now a tropical storm. there is a warning still in effect from florida north to south carolina, elsa is still dumping rain and packing winds of up to 50 miles per hour, after coming ashore this morning on florida's west coast which is unusual, right? the damage does appear to be limited, at least in tampa, but it is expected to turn north northeast later this evening and it will pass through the carolinas and head out to sea, on friday. thousands though are without power in florida at this hour,

but no u.s. deaths reported right now. that is certainly good news, now some of the storm stocks are on the move at this hour, we should look at generac for example, down slidely but lows lowe's and home depot the go-to stock when it comes to big storms, home de depot up 1%. we have to get you this fox business alert if ever there were a sign the country reopened that sign appeared in new york city this afternoon. look at this , the big apple holding its very first parade, yes, in nearly two years but this time, the stars parading down the canyon of heros weren't athletes or astronauts or war heros. they were the thousands of essential workers and first responders who fought tirelessly for 15 months to help move the empire state through and beyond the global pandemic. sandra lindsay, the nurse from

queens, the very first american to receive the pfizer vaccine, and the grand marshall and the choice is significant because she represents not just all the healthcare workers who helped save the day, but hundreds of thousands from the pharma and biotech community who helped create the covid vaccine in record time. joining us live, one of those crucial people, biomarin chairman and ceo, jj bi enemae, they helped supply freezer space for the vaccines which require subarctic temperatures to stay viable. welcome back. thank you so much for coming on. look going back to march and april and may of last year when the world was gripped by fear and death, what goes through your mind when you see this parade honoring all of the front line workers? >> yeah, i mean, i think obviously, this was a terrible situation, that we made sure our top priority was to make sure that we could continue to make our life saving therapies

available to patients around the world and we have not had any discontinuation of supply. unfortunately, the covid-19 prevents some patients within the first few months of the epidemic from getting their injections, their in pro venus infusions of our product, but this is basically over now, and we are definitely seeing a re bound in the second quarter of this year. liz: yeah, a rebound certainly, and that's great to hear and we're looking at the stock market that is very strong, certainly today and hitting all-time records almost daily, but you've got to tell me, because when we look at the vaccine, in the rear view mirror at least the creation of it, it really appeared that in the past , vaccines were developed and measured in years, and how long it took to develop. now, measured in months. just amazing. at what point, if you can look back a little bit through that prism, at what point did you

realize that biomarin could be a part of this sort of all hands-on deck movement? >> well, i mean, again, i think what the covid-19 has shown that actually, there is a possibility for regulatory authorities and governments around the world to actually move barriers to develop the rapid development of successful life saving therapy and i think hopefully, thanks to the amazing work, a company like moderna, pfizer, who in record time developed this product, hopefully, this will remain a case study to actually allow the rapid development of future life saving therapies in the future, and as so which should have been the case for biomarin, most of our products were approved in record time our average time from first in-human to approval is about

five to six years which is the average for a bio pharmaceutical product. liz: well yeah, you were already known for commercializing therapies at a much faster rate than the industry average but that makes me come to what we're looking at with your stuff, so this is the one year picture but if we were to go back and see exactly what happened in january, that was that you had rocktavian, which of course is a hemophiliac therapy and the fda said we want to see another two years of data before we can approve this thing can you give us a sense because hemophilia touches a lot of americans, can you give us a sense of when you expect approval and how that process is going? >> yeah, again i think it was we received the news from the fda in august of last year, and they cannot move the goal post here, but we had to prepare for it in a way because we had a phase iii trial that was ongoing , and we got the one year

data at the end of last year, so we'll give the two year data at the end of this year. we have already a couple weeks ago filed again in europe, so we should get a regulatory decision in europe in the second quarter of next year and if everything goes well, also, in the u.s. in the fourth quarter of next year. liz: can i also quickly ask you about the short stature therapy that you're working on for dwarfism and that of course be voxzogo. i am hearing that could be what they call a blockbuster drug therapy, and that be a bullion or more. tell us about the process there and where we stand. >> yeah, so actually, this one was developed in about eight to 10 years. it took a little longer but it's a very exciting therapy and it's for a disease called achrondroplasia, which st. number one cause of human

differrism in the world, and we think that about 24 house, 25,000 of them will be eligible for therapy with our product. this is the first drug ever approved for achrondroplasia so we got a positive opinion from the european review committee two weeks ago, so it is extreme ly likely basically guaranteed we'll get approval for this product in europe by the end of next month and very likely hopefully in the u.s. at the end of the year. so new approved therapy. liz: i was just going to say we cannot thank your team enough for all that they have done during covid and everything they are doing for very rare, but certainly devastating diseases, and we'd love to have you back. thank you. >> thank you. my pleasure. and again, the gene therapy product for hemophelia is a therapeutic revolution for these

patients, about 120,000 patients in the world, so thanks for having me. liz: best of luck and thank you very much. we need to get to this breaking news president joe biden right now on the campus of mchenry county college in crystal lake, illinois at this hour he is expected to push for free community college, this is part of his american families plan and of course as you guys know, college debt has sky rocketed now to $1.73 trillion is growing six times faster than that of the economy of the united states edward lawrence joining us live from the white house right now with more on the president's visit to the land of lincoln and edward, obviously, there are stock plays here and business ramifications. reporter: yeah, big deal and the president started his speech about five minutes ago or so, talking about the infrastructure plan, the bipartisan deal saying that we can get it done and then he pivoted to the american families plan, specifically talking about colleges and child care. now, the white house is building

him as the explainer-in-chief on this trip and explaining to the american people why we need to spend this much money in order to do the certain programs that he liked to do like making two- year community college free, for everyone. that's going to cost $109 billion. another $80 billion going to expand pell grants to $1,400 each, $39 billion for tuition subsidized for two years, for families making less than 125,000 a year and enrolled in historically black colleges, that's $228 billion in spending right there. the president saying minutes ago that we can afford that and more , listen to this. >> my plan will reduce student debt for future teachers, double the size of annual federal scholarships for future teachers , and we'll also support $100 billion in-school infrastructure peoples including community college to make sure that there are safe and health it places for learning. reporter: spending, spending,

now the president also picking this school because it has child care within this college. now that's another program he wants to expand. he wants the federal government to pay for child carat community colleges, he wants to mandate employees at early childhood education programs, make $15 an hour and finally no family earning 1.5 times the state median income should spend more than 7% of their income on children under five, all of this , again, cots money. the president is eventually going to have to talk about how we're going to pay for all of this , liz, and as you know, that's going to come in the form of taxes. back to you. liz: yeah, education means scholastic and chegg, grand canyon education that one is up about a quarter of a percent along with universal tech institute. we'll be watching all of this so incredibly closely i think, because it is an economic issue definitely. edward lawrence, a lot of spending though. we'll be watching. thank you very much. >> thanks, liz. liz: the shocking move treasury

yields are making today crashing through a key level sending taper chatter off the charts. what happens to housing stocks if and when the fed begins to scale back its massive mortgage backed security and bond buying programs? where should you be stashing your money ahead of the feds all but certain next move? closing bell, 48 minutes away. the floor show, the be and only is coming up next to tackle that question, and look at the markets and the records that we are on track to make in just a few minutes. the "claman countdown" is coming right back. this may look like a regular movie night. but if you're a kid with diabetes, it's more. it's the simple act of enjoying time with friends, knowing you understand your glucose levels. ♪♪

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liz: have you seen the 10 year treasury yield hovering at 1.31% at this hour, following the release of the minutes from the federal reserve's most recent meeting in june, but the benchmark dropped to an even more stunning level around 8:38 a.m. this morning you can see it on this intraday picture here. the 10 year yield fell below 1.3 % for the first time since february 19. normally that's a sign of flight

-to-quality so what got investors so jittery, anticipation of taper talk from june. okay, so according to the minutes, while fed members felt they had not yet seen enough " substantial further progress in order to pullback on the $120 billion they're spending per month on bonds" several members said they were starting to see the benefit of at least reducing the $40 billion part of it they spend on mortgage backed securities purchased every month the mbs purchases have been put into place to stimulate the housing market during the pandemic but the housing market is on fire right now and has been for months, so what happens to housing stocks when the fed starts tapering? to our floor show traders kenny palcari and teddy weisberg , who i think combined have about 300 years experience on the trading floor. will the fed start to taper mbs 's first and what happens to housing-related stock s when they do? >> i should only hope they

start to taper mbs first. is there any reason and you said it right at the top of the show. why are we supporting the housing market when it's blowing the roof off the place, right? even last week, he goes i'm afraid that maybe the fed is fueling, he's afraid? he's really afraid he thinks they are doing it? they are doing it there's no reason, so if they are going to start tapering in my opinion they really should start tapering the housing market and if they do is housing coming under pressure? yes but honestly it should. have you been out there to try to buy a house recently? it's crazy. liz: i know, hovnanian up 211% and they had like a reverse stock split, it was nuts, but all of these are going off looking great. >> but they won't even, if you want walked into one of those new home builders, lannar or kb homes, you'll go to buy a house and say i'm going to pay $800,000 for the house whatever, they won't guarantee you that's the price of the house when they get done building it because they can't which is ridiculous,

and so in my opinion, it's all fueled by the fed. they've got to stop and pullback liz: teddy, a week ago, jim grant of the famed grants interest rate observer sat on this show and accused the fed of malpractice saying you guys should have started tapering at the last meeting and the fact that you didn't is a real problem. so do you go into or away from housing stocks it's like give me shelter away from housing stocks if tapering starts? >> well, by the way, i can't believe kenny's enthusiasm for a fellow of his age. he's pretty good, but liz: that drew blood, kenny. >> listen, i think the issue here now, you know, we're not going to be able to figure out what the fed should or should not be doing and i think we let the market tells and mr. market

never lies and now we go for the bond market too but maybe there is a side barisha use here aside from the fed and tapering and that is that whole reopening trade could be teeter ing a little bit at the moment because of the resurgence of this delta virus around the world. clearly, we're not out of the woods yet. yes all the signs in the u.s. , the u.s. economy is doing fine and we're about to get into the second quarter earnings and by all accounts they should be better-than-expected if this quarter's anything like the past quarters we've had, but the market continues to put out a good performance, and as long as the fed is on hold, for whatever reasons, it's going to be a positive for the housing stocks. i mean, have they created a bubble in housing? perhaps, have they created a bubble in the equities market? perhaps. but for the moment the lines of least resistance for both sector s, both housing and the overall market in my opinion , remain positive and higher.

interest rates are probably going nowhere for the moment. it's going to be a while before we see any bump in interest rates, and it's the movement in interest rates that is going to throw the cold water on the housing market, but it's going to take more than a couple of bumps. it's going to take we're going to have to see interest rates move substantially higher because there is pent-up demand for housing and simply not enough housing around to meet it liz: well but kenny and i don't mean to say but, but don't fight the fed. i mean, do not runaway from a momentum trade; however we're trying to let our viewers know in advance, hello, be careful. think may eventually come to pass sooner rather than later, right? >> right and i think that's the key, right? and i think that some of the , you know, the news is conflicting again today, right? there's some that think we should have started talking about it, even begun tapering sooner and others think no we're not there yet. i think we're going to hear it in august and the tapering is going to start later this year, post-october i think, november

or december is where i think it's going to start and then the next conversation is going to be about interest rates. look and i said this a couple weeks ago. a couple of others have already floated the idea of a mid-2022 rate hike. now the fact is that they floated it so it's out on the table. it is on, you know, we hear it, and so if things get , if things continue to get excitable like this and the market continues to be strong, they are going to go back and point to that comment and say well, this was out there , we put it out there, so everybody should have been maybe expecting it, and i think that's where the markets going to get caught because i do think that rates are going to start to rise earlier than what jay powell tells us and i don't think the markets pricing that in. liz: you know what? roan and martin got nothing on polcari and weisberg. thanks great to see you. now we're all showing our age. kenny, teddy great to see you thank you very much.

anchors aweigh, the pandemic reeling in major gains for one particular industry, we're sailing into the boat boom next, closing bell 37 minutes away, the dow up 97, we are on track for a record for the s&p and the nasdaq, don't go away.

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liz: fox business alert pop stocks are kind of looking a little bit more like flop stocks in this final hour of trade, did i, we've got to look at that because it's getting even deeper into the ditch at this hour after falling dramatically, something like 21% , plus yesterday, shares are down another 4.8%, after china's epic crackdown heard around the world on the ride hailing giant and other chinese tech titans which list in the u.s.. research group s-3 is now warning that the smackdown from china could lead to a new burst of short selling, in chinese

firms, that list here in the u.s.. well china's anti-capitalist defensive which included new fines today against alibaba and tencent over "unreported merger activity" are tracking china's u.s. listed tech titans. that equals 6% over just the past two days, but if these companies in china think that maybe listing closer to their home gives them a pass, well it's not helping shares at this hour, look at the china- based ev maker getting slammed down about 6% after its first day of trade in hong kong. shares at one point dropped below their offering price, intraday before recovering to close flat on the session. the brakes also being hit on a much of china's ev sector look at neo, lee automotive all down starting before the bell this

morning, neo down 8%, and america's tesla, which has had its fair share of china-related speed bumps as of late down 2 1/3%. and meme mania original power players are losing steam, amc theaters hurling toward the fourth straight loss in a row, down 10.5% the longest los ing streak since may, and gamestop is down about 5.25%, ready to lock up its fourth straight loss and worst set of consecutive downward moves since may as well, chatter on reddit reportedly saying that meme traders are waiting for the mother of all short squeezes to send shares of the reddit fades to new all-time highs. how much higher, right? their performances are already oscar-worthy, amc has seen gains of nearly 2,100%, gamestop up 924% since january. to the pandemic boating boom. it's showing it still has very

strong sea legs first time boat ers still soaking up inventory, driving up prices by snapping up any sea worthy craft they can get their hands-on. witness my executive producer jumping into the water feet- first last year at the start of the pandemic, he wanted a boat when vacations got canceled the nation went into lockdown, and that's his famed son phillip, the real captain of the little maco hads pro. they are using it to fish in port jefferson harbor, the long island sound, just to get away from it all. anything on that line, phillip? all right before we find out they aren't the only ones jeff flock is on, there it is nice fish. jeff flock is on the water in chicago, with more on the new crew members powering a boat business boom. jeff? reporter: the family is not alone liz, everybody wants a boat these days and that's driven up the prices of boats as well as used boats, not just new boats, but used boats.

it's also driving up the interest in fractional boat ownership, or at least access. lots of different ways to do that now, kind of airbnb boats. this is a company called sail time. there's other ones, get my boat i think is one of them, the freedom boat club, where you can not have to own and maintain a boat, but you get access to one. ryan remsing owns the chicago franchise of "sail time" what am i looking at here a 45-foot? >> this is a 45-foot oceanana sailboat. reporter: if liz wants to buy this and she could 250-$300,000 for a used one right? >> yeah, that be used one. new one might be 400. reporter: what do i pay to get access to this for a summer? >> if you're doing it the smart way with sail time for $12,000 you'll be able to take the boat out seven times per month, all season long, so that be 35 sales reporter: and no headaches whatsoever. john palmer is a guy who you

have been in the mackinaw race, you used to be a boat owner and now you do it this way, why? >> yes well it just got me out into a finer yacht, got my family out on board, easier and its just been a great program. reporter: no headaches as i spin around here liz, maybe you see , jeff if you can spin and see , we're surrounded by boats here but there's a real shortage. you said, ryan, that your broker came to you and said hey do you want to sell your boat? it's like the cars these days or houses. people say hey, you want to buy or sell it? >> yeah, all the boat dealers are having problems getting new boats in. reporter: supply chain stuff? >> yeah, over the last year, so a lot of the used boats have been selling and now they are just running out of boats for sale. reporter: i want to leave you with one thing, liz and that is did you know according to the national marine manufactures association, 95% of the boats sold in the u.s. are actually made in the u.s..

these right here, that john would love to take out right now , this was made in south carolina and so, you know, save america. buy a yacht. or some sort of boat. liz: [laughter] okay. reporter: or join sail time, says ryan. liz: you buy the boat, i'll buy the dramamine. i am a land-lover. reporter: yeah, i know you california girls, you like the beach not the boats. liz: yeah. i like the surf boards no problem. jeff flock, live on the lake there in chicago. the pandemic, of course has made all kinds of definitive calls and goldman is joining in making its own definitive call, naming outright hads which digital currencies a bank believes will eventually reign supreme, who the big bank is crowning as the king of crypto, we'll tell you next plus what visa's chief financial officer has to

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liz: goldman sachs has crowned in a note to clients what it believes will be the top cryptocurrency and they say it's ethererum and the ethererum blockchain saying it has the highest real use potential, and that it's native currency et her could overtake bitcoin as the top most widely-held cryptocurrency and until that happens others are going to check all of the boxes route. just yesterday on the show, block 5 ceo, zach prince, remember he showed off his brand new block 5 crypto rewards credit card, built in partnership with, yes, you see

the logo there, visa. this segment became wildly popular with viewers who up until they saw the visa logo, may have been a little hesitant to consider bitcoin, so we said do you know what? let's bring in a advice from visa, the chief financial of th er vasant prabu is joining us. thank you for being here. visa just announcing partnership s with what 50 crypto -related companies a you lower classing customers to spend digital currencies on everyday purchases. give me a sense of the interest so far, and what you have been seeing from customers. >> liz, thanks for having me. yes, as you said, you know, what we like to do is to move money and help people do what they want to do with money, and in that context, from our standpoint, you want to make them useful so we have signed up and they issue our credentials and you can use them at 17 million merchants around the

world to buy things, goods and services, much as you would any other currency, and we do everything for you so the merchant doesn't have to do anything. they get their payments in dollars or pounds or euros or whatever currency they want and we do the rest, and in the meantime, what you're doing is using any cryptocurrency balance you have with the issuer of the card and using your cryptocurrencies to buy things. we seen $1 billion worth of volume so far. it was almost nothing a year ago and it's growing very fast. liz: can i clarify that, did you say a billion or a million? >> a billion dollars in volume. now in the broader context of visa, it's not a lot, but it started from nothing and it's going very fast and what it has really demonstrated is that cryptocurrency can be used to buy goods and services, and they can be used at a lot of merchants around the world and we can do that for you without you having to do anything or the merchants having to do anything.

liz: i have to believe, vasant, that when people saw the visa logo right there on the card, people who had additionally wanted to dip their tiny pinkie finger nail into the crypto waters to see what it was like and had been nervous but now that you guys offer this rewards card or the transactional cards, that involve cryptocurrencies, they may have felt better, and i'm wondering if that's why ether and litecoin and bitcoin are all trading higher today. what was at the heart of why visa wanted to get into this end of the business? >> well, i mean, whether they are trading higher or lower could be a whole range of factor s. from our standpoint we view our role and it has been that and it's a digitized cash to help people use digital forms of payments. we do have 160 currencies around the world today. for us, cryptocurrencies are other forms of currency and to the extent that visa wanted to

use them to pay each other, to pay merchants, to pay businesses , et cetera, and then we want to facilitate that and we will only do that in compliance with regulations and we only work with the entities that are, you know, complying with all of the laws and are regulated, and yes, you're right. when visa does something, given the brand we've built over the years, our commitment to security, to reliability and trust, hopefully that helps people do better, that it's going to be secure, it's going to be safe and it's going to be complaint with all of the laws and it helps them use the cryptocurrency balance. liz: vasant, visa doesn't do anything that doesn't, at least, make sense for the business. what kind of transactional fees do you get each time somebody uses this card? >> it's no different than what we would with any currency that we transact in, you know, we do transact in lots of different

currencies, and we would do the same with cryptocurrency. we view ourselves as a network of networks and so we will connect to whatever blockchains we need to, much as we do today with other networks, and most of the fees are issuing partners and not really by the consumer. liz: okay. vasant prabhu, cfo of visa, when visa put its a stamp on it, it's very much a sign of future things to come so thank you very much. >> thank you, liz. liz: billionaires, tech titans, media mavens descending on sun valley idaho, berkshire hathaway warren buffett is there, and cheryl sandberg and bob kraft

showing up all arriving in idaho today and of course charlie gasparino in the thick of all of it, stirring the pot. charlie breaks it next on what's going on and what kind of deals are being discussed, and another place where you can find business billionaires and entrepreneurs, who started from nothing my everyone talks to liz podcast, this week, i look back at some of the top successes and american dream stories for a special july 4th week recap episode from anastacia of beverly hills, immigrating to the united states from a tiny small village in india, you've got to hear their success stories now, available anywhere, where you get your podcast, closing bell 15 minutes away, the dow just a few minutes ago hit a new high, but we're still up about 109 points and we are watching these levels in the markets, stay tuned, watch them with us. the world's first fully autonomous vehicle

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liz: reese witherspoon's media company, hello sunshine, creating some major market buzz. the wall street journal reports the star-owned firm behind hbo's hit "big little lies" is now working with investment bankers to shop itself around as the streaming wars create an explosion of massive deals from amazon, mgm, netflix, entertainment partnership and discovery's pending purchase of at&t's warner media. at&t by the way also owns a stake in the actress' start-up so why do we have apple on the screen? because apple is reportedly among multiple suiters showing interest in buying the company, which could net $1 billion in any deal made. apple plus already home to another hello sunshine title, the morning show, apple one of

the dow's shining stars for a second straight day, right now, powering higher by 1.7%. now, as reese looks for majority and a fame, jessica alba's company showing star power doesn't always work on wall street. shares of the honest company, right now, trading well below the consumer product maker's $16 ipo price, and down $34 since, 34% rather since closing at $23 on its first day of trade the stock now down 1.7% today, alone, standing at $14.84. and over the company's future after a disappointing loss in its first quarterly report as a public company last month, clearly, still at work here. >> the stars arriving in sun valley idaho, jeffrey catsenberg, and steve schwartz among the big wigs chat ting it up in sun valley as they arrive at the big shin-

dig, but it's big big tech stealing the thunder, joining us now, in the thick of it all, charlie gasparino. was that spielburg i saw there? looked like it. charlie: maybe, i don't know, by the way, steve shorts i worked with at the journalist amazing he went from reporter to media executive hasn't happened in my case unfortunately or fortunately, let's get caught up on this odds and ends before we get into some of my reporting my earpiece is malfunctioning. bill gates is expected to attend the sun valley conference as we first reported, speak on friday. he's expected to address climate change. as these tech giants are coming to sun valley, there's a major regulatory assault, and you know , they must be talking about this inside. they aren't letting us in but apparently the biden administration is where the action is in washington, not here with these guys, and there is a planned major regulatory assault being planned on these folks particularly in the tech world and it's mainly aimed at amazon and google and here is

how you know it's coming. the biden administration is considering at least two fierce critics of those firms, as their anti-trust chief. one is karl racine, d.c. attorney general and the other is jonathan kantor, he's a plaintiff attorney whose critical of google and is taking cases out against him, so this is pretty interesting, we understand that this announcement could be made imminently and could be made today, tomorrow, we understand it's coming close, and if that happens, i mean, those two guys could be a third choice, i mean, who knows, jonathan sallat, another d.c. based attorney always rumored to possibly be getting the job and they may go somewhere else but those are the names very anti-tech and as much as david zazlov is talking about how deals come down remember the discovery chief running warner media said yesterday oh, it's going to be lots of deals? i'm telling you the regulatory mood in washington is to break these companies up, not to make

them get bigger and i think they have to realize that as rich as they are in there, this is billionaires paradise, right, liz? it's a bunch of bureaucrats who make 150 grand a year in washington, that's controlling their fate right now, and i'll tell you, the trump lawsuit today was interesting against facebook and twitter, as you know, he's saying they are depriving him of his first amendment rights by not letting him on those platforms. he'll probably lose that case there's no first amendment right to be allowed on a platform. liz: we're showing cheryl sandbe rg right now. charlie: right, but she wouldn't answer any questions on this but here is the thing. this lawsuit, i think, has a political potential. not a legal potential. jonathan turley, the law professor, frequent guest on fox news and fox business, andrew napolitano, our old colleague both say zero chance because you don't have a first amendment right to basically a platform, but, it's going to shine the

light on the double standard of tech. they got they are acting as gate keepers, and they have section 230 protection against liabilities and i think that's the big problem those guys in there have. back to you, liz. liz: good stuff, charlie, good stuff. it's gorgeous there, thank you very much. charlie gasparino, small caps, the key to big profits today's countdown closers, all over it. this may look like a regular movie night. but if you're a kid with diabetes, it's more. it's the simple act of enjoying time with friends, knowing you understand your glucose levels. . . with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) only 6% of us retail businesses have a black owner.

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let's not ignore the russell 2000. the russell 2000 has struggled the past 48 hours. heading into the close we're looking small mid-caps off the low of the session. that is the second day in a row we're seeing more than 1% drop or at least around there. the russell 2-k is the best performing average over the last year. it has jumped more than 60%. our "countdown" closer said he ain't giving up on small caps yet. he is of course craig hodges of hodges fund. what are the your three favorite names in the russell? >> the three favorite names, my favorite name is in the cement business, eagle materials. there is a major, major shortage of cement. we haven't produced any new production it like 20 years. there are big shortages. eagle, is also a wallboard producer. all the building you hear going on, eagle will be a big beneficiary of that.

i like builders first source which is a components manufacturers for building supplies. tremendous savings for builders and such to use cora gifted stuff that builders produces. i like spirit airlines. [closing bell rings] >> off about 25% from its high. they are going to have great earnings with domestic travel. stuart: good to see you. craig hodges ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. let me get this right. in biden world it is okay to shut down oil and gas drilling in the u.s. like keystone pipeline, anwr, dakota access pipeline, okay to argue for a green new deal, that we may perish for carbon emissions week after next. we will need to shut d