right now you want yesterday it was where, arrival of paypal investing and jp morgan in 1851. i'm getting confused but 200 years ago, test have a great weekend, i appreciate you and i want to hand it over move it sideways,. >> i personally think they might take it for the weekend and run but maybe not. thank you so much. happy weekend to europe. record highs to red arrows, the dow accelerating losses heading into the close of final hour of trading 244-point that seven tenths of 8% so let's keep perspective, s&p and nasdaq hitting all-time highs at the beginning of the week so the question is stopped down, what

can you do to wrap up investment? plus robin hood, e*trade and sulfite giving new online competition. the ceo, i started to loyalty and investing one of the biggest names in the market. we will get into that retail sales supply soon take over the retail revolution? one ceo is helping mike the founder, julie will be here to talk about that shopping dining out, hiking threatening to stop america's post- pandemic dharna and changing taxi while on just how dangerous the delta variant really is. information.

let's get to the markets on this friday as we head toward the weekend. this past monday, all three major averages it record highs but look where we are right now. nasdaq on facebook worst week in two months and the others heading gone for up nearly 1%, nasdaq one and three quarters%. the question is, what's been driving markets after hitting all-time highs as we said at the beginning of the week inflation fears, rising college 19 delta variant cases all with earnings seasons getting underway. investors are taking a wait and see approach could it be all for it right to the bar and get some opinions. george is draining. scott, let me begin with you. you say we are still pretty close to all-time highs, rights? >> absolutely and child made

great points previously, with some of the earnings results we fencing from some of the companies and we are just at the start of earnings, they been good and stocks have gone down a bit. that's okay. possibly investors maybe taking profits off the table, taking money off the table here, that doesn't mean necessarily in the long run it's a bad thing for the stocks. what i truly believe, this is not, because this summer in the past, i'm a formal greater from the people would be taking vacations but we are not think that because everybody is working remotely anyway the most part, to me it's a nomination profit-taking but big concern over the delta variant as the economy may peak out and has growth, may peak out to me is a

concern but the overall trajectory of the market feels like it's a downside right now but let's keep in mind we are a percent or two off all-time highs. >> rights. let's keep perspective. george, the mood is still, you also think the delta variant along with inflation rate hikes from think it's all faked into the market. >> i think the market has taken hyperinflation, delta variant, possibly higher interest rates into account and totally faked into the market right now. i would respectfully disagree, i think the trend of the market overall is traders people who buy and talk, there's no reason not to, we are in a fairly nine. , it could be a summer with

sector rotation number one. i think probability of even a significantly higher price between now and labor day. >> george, let me follow-up -- go ahead, scott. >> i could seek the trajectory of the marketplace was gone investment community, investors are feeling right now like there is a downward trajectory i am saying the opposite that it's not. we are still just a percent or two off the all-time high. >> all right, listen, george only follow up with you, who are searching for a bit of direction right now we have not gotten into inflation, how much of a problem is that, could that be a real problem as we move forward if the fed is wrong? >> it could be a problem in the future for now.

there is trust in the fed. chairman powell is up for reappointment or not and of course describe possibly is correct, to keep things benign that's reassuring to traders because there is not much competition currently in the bottom market and he will do good for lower interest rate, more permissive climate the next several months. >> scott, to pick up but i think george was saying, where is the alternative text there is no alternative, or not getting much anyway so you might as well enter the stock market, is there any particular sector you like in this environment? >> i'll be honest with you, i still like cybersecurity, i

really do this most recent little pullback i just went to paul and say a little bit of a call back, i really like it. i like cap, especially if rates are going to stay in the 150 and below breaks. i know we are about 130 right now, that is good for hyper growth stocks, but for some of these big names so i like tech going through the rest of the year here and frankly, the banks are a perfect example of the numbers we saw jp morgan, it's blue the doors off the expectations and the stocks are gone, i think they are a buy opportunity. >> very quickly, george, expect names and financials by on the deck. >> i would much rather be in new tech stocks.

i think they are a bit yesterday. these prospects, i would go more to the breast tello dock than older tech names so tech yes as opposed to established leaders spirit what you're saying is is long in the tooth. sorry, i had to say that. george, thank you very much. anyway, thank you very much, appreciate it. elsewhere in the markets, but going -- let me have a look. when for the lowest weekly close and more than a month as a popular crypto currency years. reporter: 30,000 mother, the support level so many people consider key whether it can hold it or not, one of the offerings on the financial search platform magnify. bitcoin is not your cup of tea,

there are many other options and categories 5g, electric vehicles, pretty much everything else in the market for magnify is a subsidiary platform to fashion it announced kathy would has joined its board. the same manager is personally invested in it. she believes in it. get straight to the ceo. exciting times for you. explain to me competition, why is your platform better than others? >> thank you, great to be here. exciting times. i have been around for a long time but the same all these years as they have an incentive to get folks to trade excessively. we know from the work and

academia and otherwise excessive trading is related to detrimental outcomes. whether you create incentives to commissions or do it through auto flow there are questions around this as we are, i think the incentives is to get people to do this. we are trying to build a business model for incentives online with incentives, want to be a platform on them with intelligent give them a modern e-commerce experience starting with search keyword at google or amazon. we believe that has the opportunity in the marketplace, we think there is demand for it scene apart from we feel cautiously optimistic about. >> are you going to do something similar like robin hood or you offer shares of stocks? is an area you would get into?

>> yes, we will have trading, i think robin hood has done an amazing job with access bringing people into capitol markets. fractional trading with the technological element of that which increasingly is going to get commoditized. we will have that as well. >> one of the criticisms of robin hood is that it makes it like a gaming situation and younger investors you obviously would like to tap into kind of lose perspective. i know you kind of cover that a bit in your first response but how can you make sure people are not treating it as a casino and really drink proper due diligence? >> absolutely. there is nothing wrong with gamma fine. the question is, what are you game a fine? we are trying to on education.

if you do games with training, that's where the issues stopped. i think we all know access to intelligence can be detrimental but you couldn't do the second step without the first cap so we believe it's here because of the times and access has on many people in yet finances, it's difficult to understand. it's like searching for prescription medicine names so when we started your article, we started with proprietary it allows you go and that led us to about 10 million users searching for things that led us at the natural extension to allow that to act on it. >> it is certainly a hot sector. we wish you the best of luck.

thank you for joining us, we appreciate it. from online trading to online shopping, retail sales eat up one ceo looking lead the ai resolution into your closet. we are talking to the ceo next. the closing fail rings and about 47 minutes from now. the claimant caps on coming right back. ♪♪

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the new sleep number 360 smart bed is temperature balancing. and it helps keep you asleep by sensing your movement and automatically adjusts to keep you both effortlessly comfortable. proven quality sleep is life-changing sleep. only from sleep number. thanks to vaccines, pent-up demand detail sales are surprising 6% in june. sales closing on clothing accessories jumped 47% year over year, even battery pre-pandemic levels, pretty impressive. the question is, is artificial intelligence the future of shopping, online fashion startups, the guess is looking to revolutionize post line shopping. sounds good. here to tell us all about it is the founder and ceo yes. julie, thank you for joining us.

have found a ton of experience in this field, chief marketing officer, chief digital officer at sephora search. you know what you're talking about so you decide to come up with this, what does this service do how does it set itself aside from all the other services? >> thanks for having me. it's a great question. they yes is a new platform taking advantage of advancements in technology to make consumer shopping experience easier and smarter so we are a woman's fashion shopping app and next generation department store using technology and ai to adapt to each chopper so we carry an assortment online and we continue to add more brands, levi all the way up to chloe and product and everything in between and the goal is to be the largest matching destination

where you can find everything you want in one place but where the experience for each user's personal and effective so we think about the fashion when we talk about the yes. >> how did you come up with the brand, the yes? i am fascinated by. >> front part of the concept is that shopper indicates yes and now when shopping so as you see things as you are browsing or searching for something, you can say yes or no and we learn as you are shopping what you like and don't like and the concept as we are built on top of this ai layer that understands each user similar to apps like stratify pandora where they learn proper since overtime, they make recommendations for you, that's how we are built but it's all about getting through to your yes so yes and no is about getting feedback. >> it makes perfect sense now.

is this the way the shopping is in the future? i know there are some who are older and they like to feel the fabric get a sense of it, go in the changing room and tested and they don't want to be bothered with ordering online and having to send it back but you think obviously this is a growing area of the market? >> i do and i don't think physical retail is ever going away, i still love to shop and start as well so that will always be there it's been there since the beginning of mankind with market i do think we have seen a number of things happen. one is the improvement of online services over the years. i've been in this space 20 years, it's just continued to grow because if you're looking for something specific whether it's i want this made well genes are looking for something or, it's much more efficient and effective to do that kind of search online, if you're going

to browse and store, you never know what you will find some really the purpose of shopping i think has different elements to an online service it well but we believe that not well enough, we can do better and what's interesting is the sector has shifted and we have seen as a result of the pandemic a big shift to online so they are saying about five years of growth happened this past year in terms of the shift online so that change will really become the new base so i do think growth is huge however we can make it easier for consumers to shop online article to match you to the fashion that's right for you. >> very good. anything that allows me trying to avoid trying to find a parking space, my bunny slippers are zero cake with me. best of luck with the project. thank you for joining me today.

>> interesting. yes. three breakthrough cases on the yankees ratcheting up the chatter on covert strip shots. we will speak to one medical expert on the prognosis for vaccinated and unvaccinated when it comes to the rapidly spreading delta their history theme parks facing a new car to ride as they came to recover from the pandemic and the shocking freezing the amusement fading at your favorite amusement parks. market selling off as we have into the final hour. the dow is up to 44, s&p and nasdaq are up half a%. we'll be right back. ♪♪

theme parks are in for a bumpy ride after a year of closures

and capacity limits. amusement parks facing shortages during their peak season for staple foods like chicken tenders and catch up in short supply and let's not forget lack of workers. sometimes it's a challenge to keep the lights on. let's go to lydia who is at sesame place. in pennsylvania. hi, lydia. >> a lot of smiles here today as i'm checking out is comfortable one on sesame street but the operators are so delighted to welcome back all these people. how to come back on this hot summer day but it doesn't come without challenges because they are short of workers. they have about 500 open positions right now and keeping the operations going is all hands on deck. >> everyone is experiencing back of the flock right now, it's a challenge to see how we not make

it impact the guest. working foodstamp the other day maintenance and engineering director is operating arrived, head of hr during the turnstiles were everyone is willing to do what ever they need to do. >> according to the bureau of labor statistics, employment and amusement parks are slowly recovering. the storm is down about 56000 workers. some theme parks across the country have to come back on hours and days of operation but they will not do that. instead they are cross training workers they do have she might find the same person operating arrived and also in the kitchen, they can maximize their workforce that way. 500 open positions, they are really putting more effort into recruiting for those. they pumped wages to $16 an hour from a bonus of $500 and allowing toys opportunity to earn an extra $2000 this summer along they help that will attract the workers they need so they can keep operations moving

smoothly as possible this summer. >> that's a lot of money and incentive. lydia on sesame street. thank you so much. appreciate it. by the way, special programming note, july 2:12 p.m. eastern making money with charles payne, will present an one hour special called pratt america from the military to the marketplace resumes to interviews, charles will take questions from veterans looking for jobs and overcoming the challenges of reentering the workforce. if you are veteran with question, don't hold back. e-mails us, you never know, charles my answer your question live on air next wednesday 2:00 p.m. china's backlash against u.s. ipo showing apparently no signs of ending. let's go to jerry lewis with the

details in today's foxbusiness brief. >> hi there and happy friday to you after chinese regulators rated the right, cybersecurity concerns. the rate follows the order to remove them from app stores citing fears over protecting user data. down about 3% at this hour. here at home, live nation getting from goldman sachs, initiating shares of the ticket master parent on a coming surge concert. trading a little lower by 2% today. jana, here is a story relink the nasdaq one fourth second straight day as it gets ready to join another explosive club. twenty s&p 500 after axion merges with astrazeneca. madonna trading at new all-time

highs up 9.4% today. madonna, one of the top guns in the fight against covert but as the delta variant spreads, are those vaccinated still safe? and investigator madonna j&j trials appear to answer that question and more. the claman countdown is coming right back.

markets just hitting session lows, as we edge closer to the closing bell, without 284. s&p and nasdaq is down. this asked for the first time since january, covid-19 cases are rising in all 50 states.

people taking money off the table as they head into the weekend. los angeles county even reinstating indoor mask and it regardless of whether you've been vaccinated or not and other cities putting their own policies in place. chicago city is placing arkansas sorry on travel advisory list. let's go to the o'hare airport in chicago with the latest developments. grady. >> people here don't seem to deterred by the uptick in cases you mentioned. there have been a lot of people at o'hare today even though, as you mentioned, arkansas and missouri are on both travel advisory list. these are the first two states on that list in several weeks. there have been no states for quite a while now and people coming from those places into chicago if they are not vaccinated, they are asked to either get a negative covert test within three days arriving in chicago were quarantining ten days upon arrival but the airline industry is experiencing

leisure travel, more than one and a half million passengers caps on through checkpoints every day across the country's, basically the end of may the last two months now and the airlines have been benefiting from that. american is bringing back on thousands of flight attendant who took voluntary leave. the airline is adding 800 flight attendant positions by march of next year to keep up with the travel demand so people don't seem to be to deterred by this. i do want to take vegas because it's not just los angeles bringing back mass in vegas, public health officials are recommending but not mandating people wear masks indoors whether they are vaccinated or not. some new restrictions and recommendations going into place but doesn't seem to stop people from hitting this summer season.

>> interesting stuff. as you say, anti- f passengers are there, appreciate it. in regard to this rise in cases, is it an over reaction to the various court good reason to be concerned time to bring in the doctor. training is now, the principal investigator of both maternal and j&j vaccine trials university hospital and robin wood johnson university hospital in new jersey. doctor, thank you so much for taking the time let's start right there, the rise of the delta variant cases now starting to seek some cities or counties put back some policies in place, is this an over reaction or not? >> i don't believe it's an over reaction, i think what we are seeing is the natural history of infection with sars covert and

people who are vaccinated. they are at greatest risk and what we are seeing is the delta variant is more infection but it's affecting those who are undocumented almost tracking one-for-one in-state with a lower vaccination great. >> what is the difference in the severity if you contract the virus if you been vaccinated but still get the delta variant or on vaccinated, having the vaccination help you deal with it a little easier? >> that's a really important question, what we are talking about here infection. breakthrough infection basically happened with every vaccine and we are seeing that now with covid. what we know is about 5500 individuals have known breakthrough infections.

the cdc but recognize 160 million are infected so that is a rate incredibly low and expected to have breakthrough. the delta virus is gaining steam in regard to the more frequent virus to infect, it is completely defendable while you see more people with delta virus who have breakers. is it because the delta virus unresponsive of the vaccine? we don't believe so. the data does not support that. >> i've had both pfizer injections, when what i need a booster? >> that's a really important part but unanswerable at this time we have not seen an uptick in people with either maternal or pfizer j&j faxing to be more

accessible. this is not giving us insight into when you should get a booster. >> as we seek cases and rises, cap we still can't be on the tip, have we have this in our rearview mirror as more and more people become vaccinated, i know we talked about herd immunity last year, are weakening anywhere close? >> no, we are not and with more infections, we are not at herd immunity so if there is a message here, if you are unvaccinated, you are at risk so that means in order for those unvaccinated, these are the things that decrease before but if you are unvaccinated, your risk is quite high. >> all right, we have to leave it there. thank you much.

great information, much appreciated. thank you for joining us. well, big moves like netflix mccamy industry straight to the upside down, charlie exit video game plan and it could unleash huge moves. the doctor done more than 300 points, coming back a little bit, people hitting the button as a it into the weekend. i'll be right back. ♪♪

check out this chart of activation pleasure, the videogame maker likely spiking on this from charlie casper reno which basically says as big tech gets into gaming, speculation is

swarming. this could be acquired. the man himself, hoover and shaker, charlie, on the first. >> are you doubting my market-making ability? you said likely. [laughter] >> how stupid of me, i'm so sorry. absolutely. >> i know about gaming as much about -- so kudo is a big game, game of duty -- tour of duty, what is it? >> call of duty. >> game of duty. [laughter] >> you sound like a gamer yourself. in any event, this is big business, it's going to get bigger now and here is why. we know that netflix, google, amazon, microsoft are all adding resources to basically create

gaming platforms. i'll be the last person to indulge in gaming but this is starting to be mainstream at a level with never seen and resources we are throwing, we are talking significant sums of money and here is the thing. as they are doing this, some of the existing gaming properties are rumored at least by bankers saying they are up for sale, they could be acquired, you have to buy them enter fields, these are companies with significant cash position, microsoft in particular, amazon has a lot of cash, they can do deals so a lot of what's going on is essentially banker chatter about what companies could be sold to satisfy their needs. that company that comes up is this activism blizzard which apparently -- it's apparently been around for like decades the

mid- 1980s, should be a long-term stock chart, it's fascinating blizzard think a couple of years ago, it's like, what is that? is not a long-term chart, right? there kilgo. there is a ten year period interesting. it goes back to 1985 and we are at historic heights because of how big it's picking up particularly selling over the internet so that is one of the alleged acquisition targets and want ramping. we should say we talk to bankers to put put into context, they are saying netflix for example telling people who want to grow organically, it's not in the market to buy stuff. apparently google and amazon, same thing. microsoft the, with a lot of cash is apparently in the market to buy stuff and can easily by this and you can i guess --

>> but why now? they have been gaining massive amounts of money for ever. >> i think the trend is just picking up. more and more people -- look at that. that looks like you with those classes. [laughter] >> i've never looked better with my face covered up. >> what was fortnight? that was gaming, right? >> yes, i member somebody parachuting into what looked like mcdonald's -- there you go. >> that's a big thing. this call of duty is a big thing, don't ask me why. anyway, i'm just here to cover it, not to engage with the game. [laughter] i better stop here before i get in trouble. we have a stock chart of amc? it turned negative as i was about to come out here there we go.

down 3% today. there we go. by the way, this is several straight weeks the end of the week down so maybe it's coming up it to an end. >> maybe pierre has come up. the thing you broke right there about the biggest thing, other than activation and big tech getting into call of duty, i'm fascinated by that. >> he really is a techie nerd. i know him better than a lot of people around here, he is very -- you know what i'm saying. he plays video games on his computer and everything. >> i see him in a whole new right now. great stuff. have a great weekend. enjoy. thanks, man. we talk about main stocks, permanently coming up, where the read it raise is headed next.

markets at session close as we head toward the close. the dow is up 347 points. we'll be right back. ♪♪

♪♪ ashley: an uptick in selling in this final hour of trade. stocks at session lows with just minutes to go now until the close, about five minutes. the dow, as you can see, s&p and nasdaq all snapping a three week winning streak. the now off some 300 points, down half a percent for the week. you can see right there what the nasdaq and s&p are doing. by the way, boeing is the biggest loser on the dow after new safety concerns for the 737 fleet including the max and production slowdowns for its 787 dreamliner. boeing off close to 2.5%. nvidia and biogen ramping it out, biogen facing questions on

its new alzheimer's drug, whether regulators are lowering standards. that's the latest news there. nvidia off 9.5. the cruise lines under new covid concerns, norwegian, by the way, has sued the states of florida from prohibiting businesses from -- for prohibiting businesses from requiring proof of vaccinations. all down 12, 13, 15% down for norwegian. all right. gamestop and amc trying to finish another rough week on a high note. maybe not. to how about gamestop? up 1.5%. amc down nearly 3%. and as charlie gasparino pointed out, turning negative here in just the final hour on amc are. the reddit all-stars going all cold in july, as you can see, down for the month. amc off 38 percent.

gamestop off, well, nearly 21 percent. however, our countdown closer is still hot on the trend. joining me now, my good friend ryan payne. great to see him, president of payne capital management and host of the payne points of wealth. you're a busy guy, ryan. okay, meme stocks -- it's a big title, a really big business card. meme stocks, you're still not counting these out. you think there's still room to run. >> for the record here, i don't love meme stocks, right? they're at elevated values. but i think the bottom line is there's just so much money sloshing around out there, you start, ashley, looking at the amount of stimulus that we see on the economy. retail traders in general, they're commanding, like, 25% of the market now which is unheard of. it's more like 18% before the pandemic. so it's no coincidence that all this stimulus was bestowed upon

the economy, and these stocks went really, really high. what's interesting though is if you look at the amc, gamestop, they're still relatively elevated to where they were before the pandemic and before that speculation started whereas bitcoin has gone straight down. so i wonder, you know, are you just seeing a rotation of these same retail traders going from bitcoin back to meme stocks, back to bitcoin? maybe it's from one stupidity to another. [laughter] ashley: could be the same crowd, is what you're saying. all right. i want to move on, talk about a financial citigroup. you say investors shouldn't count it out. why do you like citigroup over some of the other bigger financial names? >> the yield's very attractive here, getting 3%. 10-year treasury now at 1.3%. it's about half of the valuation of the s&p 500 right now, and that's the other trenail you want to look at here -- trend you want to look at is where is the valuation cheapest in the

market. a lot of people are saying the market's overvalued. you can vote on my instagram story, do you like crypto and the stock market going higher, and the reality is banking stocks in general are cheap. half the value of the s&p 500, and if you just look at that stock buyback this year, again, you're getting great dividends like 3% on citigroup. you're looking at just an 8% return between stock buybacks and those increased dividends. that's a pretty awesome yield not even factoring if that market goes up. inflation is real, interest rates are starting to creep higher again. that's great for banks, citigroup specifically is cheaper, and you have to have the banks in your portfolio right now, ashley. ashley: you do, indeed. i've got 15, 20 seconds. we've had other analysts, ryan, say, look, they kind of feel like we've reached peak economy. the second half we're going to slow down a little. would you agree? >> no, absolutely not. look, we're in the midsts of the most booming economy we've seen

in, like, 30 years. look at profit margins, they're the best they've been in decades. so at this point you have to focus on the fact that earnings are going to continue to come in strong, valuations are reasonable. get in, you're going to see a melt-up -- ashley: all right, ryan, we've got to leave -- appreciate it. that's going to do it for "the claman countdown." "kudlow" is next. ♪♪ larry: hello, everyone. welcome back to "kudlow." i'm larry kudlow. turns out, by the way, donald trump was right. if big tech can censor him, it can censor you too. and as it turns out, the biden administration is colluding with facebooked to do just that. fox news correspondent peter doocy questioned madam psaki today earlier. peter, what you got? >> reporter: larry, we had a lot of questions about this briefing from yesterday where the surgeon general came out to say there's new surgeon