i grew up on public buses, charles. stop taxing people to death, and you'll see what they can do. charles: oh, man, i'm so proud of you. listen, i'm not a sports car kind of guy, but that would be my dream car. congratulations, rob. we always love the help you give our viewers. have a fantastic weekend. >> you too. charles: right now we're just sort of meandering. it could be worse. we have one hour, and we give it to the best, liz claman. liz: ah, thank you, my friend. no fireworks on the final day of trading as markets wrap up the week lower but close out the month higher. but, yeah, the russell's longest monthly winning streak will come to an end. yes, nine months in a row but now doesn't look like it'll make it. the floor show traders are here to tell us who may be the big winners as we head into those so-called dog days of august and whether another gray swan may show itself face or at least its

feathers. robin investors still quivering, but former e-trade ceo carl rosner is here on what robinhood needs to do right to become a major wall street player and whether the meme stock crowd needs to sweep in to pump this stock up. scar jo v. hollywood, did black widow star scarlett johansson put not just disney, but all media streaming giants on notice? will hundreds of hollywood contracts need to be torn up as scarlett johansson alleges disney breached her deal? we've got a live report on this fast developing story. and here's a question, could peak earnings for amazon be causing a ripple effect through the e-commerce world? we've got the overstock ceo to react. plus, cementing success. even without a signed infrastructure bill, we've got breaking news out of the senate

at this hour, and the ceo of building materials giant martin marietta, he's here in a fox business exclusive. we've got to start with this fox business alert, with 59 minutes left to trade in the month of july, it appears the bull market will remain in intact for the dow, s&p and nasdaq, all set to close out the month in the green. what a month though, right? certainly for chinese stocks which took the biggest beating after facing a sudden regulatory crackdown from their own government. everyone from didi, down 33% to baidu which is down 19%, tencent, alibaba, jd.com, they all swirled to the bottom of the stock barrel. new, though, anticipated -- few, though, anticipated this gray swan surprise attack by china, and now today sec commissioner gary gensler is announcing that all chinese companies seeking to list here in the will have to disclose to investors the regulatory risks coming out of

beijing. on the cusp of august, let's get to the floor show traders. larry shover and tom hayes. tom, okay, crystal ball exercise here, indulge me. what unexpected event might we see in august, and what are you buying ahead of that? >> yeah, well, i think the big gray swan that everyone is looking at, liz, are the delta variant accelerating, although we saw it both in the u.k. and india after 45 and 50 days respectively, they seem like they might be peaking. but the other one that very few people are looking at is the possibility of an iran deal which would put a lot of new oil on the market, and that might rattle the credit market. so those are low probability events. we're still seeing earnings estimates going up materially from 213 to 217 for 2022 just this week alone. so we're generally positive, but we do want to get defensive with some health care stocks. liz: health care, okay. so this is interesting. you say nobody's really been lately, at least, talking about

the iran situation. i want to get to larry shover. tom just busted a move with that. what gray swans do you anticipate, if any? because we might not, right? i know you've been bullish, but you always have a cautious thread running through that. where should we be investing right now in. >> yeah. i think it's the old playbook. i mean, back in april we were in that reflation mode, and now it's back to the low growth, i think core pce kind of justified that. so for me, i'm back into stocks, the maybook from ten years ago staples like procter & gamble, apple, you know, you have to have apple in your portfolio and then luxury stocks like raul lauren. i think -- ralph lauren. i think that makes sense in a low growth, low inflation environment. yields were 50 basins points higher back in april, but the delta variant has to find a way

and a trajectory. let's face it, with the fed they're talking about tapering, there's less easing on the horizon, tightening is something that's coming down the pike. and with the divergence in us, the ecb, bank of japan, i think that's where we need to be. liz: hey, tom, we got the second quarter cost index. neither of you two mentioned inflation. wages and salaries up 3.2% year-over-year. inflation's a thing, okay? no matter what jay powell and the federal reserve says, is it not? >> yeah. liz: are there plays that you like here or dislike here? >> yeah. chair powell's bet is that a lot of labor supply is going to come back on after the unemployment benefits expire in september. we're going to know in october and november. but the plays i like defensive this time e of year in the health care sector, sigma's number one, off 15% off of its

recent highs. this is a new pick for us. it pays a 1.7% dividend yield. their pharmacy services business is up 13% year on year last quarter. the health insurance is up 5%. and they're going to report on tuesday. so we're really looking forward to that. that's brand new. and the other two we've before, novartis in the mid 80s, they crushed earnings. revenues were up 14% and pfizer we gave on your show in the mid 30s, they crushed earnings, their eps is up 72% and revenue's up 92%. so we like both these names plowing higher, and sigma is a new pick for us. and, by the way, with all of these, they pay dividend yields that are greater than the 10-year yield while you wait. liz: yeah. pfizer up slightly today but to 42 the.84. quickly, larry, you know -- 42.84. we've got the delta variant. is that peaking? do you not expect it to be a

bigger issue in august? >> well, it could be. who knows? but what i do know or what i think is the divergence is gigantic between us and other parts of the -- other parts of the world. and so with that said, seems like the global economy is running out of three cylinders. so what happens when that gets better. at the end of the day, i mean, you look at financial conditions, the stock market -- except for today -- the market's saying pretty content to take on the risks of the delta variant and just move the ghost posts for the traject arely -- goalposts for getting out of the pandemic. liz: listen, guys, the bull rally and the bull market survive another month no matter what. all of these things that keep getting thrown at the markets, they just punch back. tom hayes, larry shover, have a good friday. fox business alert, now we've got about 53 minutes left to trade, and amazon is on track

for its worst day since the lockdowns were first announced a year ago. the online retail titan dragging on both the broader markets and big tech after missing sales estimate for the first time since 2018. you can see the stock is falling 7% at this hour. amazon also issued a stark warning on its future sales growth. as people leave their homes for the outside world once again, amazon now expects 16% sales growth in the third quarter compared with a 44% rise many revenue in q1 and the 27% jump we just saw in q2. the lukewarm outlook clearly giving investors the chill. but amazon's forecast is also leaving its e-commerce rivals in the cold as well. etsy, you can look at that one, i'd say that's a bruise here for etsy. ebay, overstock, they are all moving lower. etsy's down 8%, ebay down 6.8, overstock down 3.6%. by the way, we are about to get

ceo jonathan johnson's reaction to amazon's warning and his plan to beat shoppers' return to the real world by leaning on team zero, his crypto business. stay tuned for that in just a few minutes. we've got to show pinterest, getting iced out on this friday. bad session here. the at-home surge comes to an end, losing 18.8% right now. the social media company shed 20 million active users in the second quarter, that's a 5% drop. pinterest confirms right now the downward trend in it u.s. business is showing no signs of letting up with 'em monthly active users down 7% through july. but no bitter aftertaste for blue apron investors at this hour. with less than two trading sessions until the meal kit maker crack canned open its second quarter cookbook, investors feel like eating up shares right now. 9.5% to the upside, not bad.

could meme stock mania's favorite trading platform be in need of some diamond hands from the reddit crowd? robinhood's rocky start and who might be able to get it back on track with the former ceo of e-trade. he is next. the closing bell ringing in 51 minutes. "the claman countdown" is coming right back. so glad you're with us. ♪ ♪ ♪ limu emu & doug ♪ oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, so you only pay for what you need. limu, you're an animal! who's got the bird legs now? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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♪♪ liz: here comes the market coast guard to rescue robinhood. cathie wood's ark investment making a big bet on robinhood. the firm's summary shows it bought 1.3 million shares of the financial services giant -- yes, the free online trading app in its first today of trade -- all being held in its ark innovation fund. look at robinhood, today climbing 3.5% although it is still below its $38 ipo price at this hour. but it has, of course, cut some of the opening day losses. speaking of which, yesterday's debut was messy and disappointing. shares closed down 8%, the

sellers clearly swamped buyers, and robinhood's underwriters struggled to stabilize the losses. is it now time to bring in the wall street bets reddit rebels to turn in this around for robinhood? former e-trade ceo carl rosser - rosner. what did you make of the robinhood po? >> i think, look, call it ambitious, call it what you want, i think they set themselves up in a position where having the amount allocated to the retail investor -- which i think is fantastic, right in it's a great thing to give retail a piece of that ipo, but between the retail allocation and the amount that employees were allowed to sell up front, including the ceo, the two cofounders, cfo all sort of popping shares out into the marketplace, that puts downward pressure, and it's a lot more, i think, than normal stabilization

would be ready to deal with. so i think they were starting on their back foot. but, you know what? they've been bold and ambitious from day one, and having an ipo that's unusual or different than those in the marketplace, that doesn't strike me as that unusual for robinhood. liz: yeah. and, by the way, first day losses do not foretell future disaster, we get that. all you'd have to do is looked at facebook. i mean, may of 2012 it did not have a very good opening day, and then the follow sessions were pretty tsa rouse as well, and today -- disastrous as well, and today facebook is up 828% since its ipo. [laughter] that said, you mentioned the stabilization agents. where were they? the lead underwriters in this company were jpmorgan and goldman sachs. and for those out there who don't know, they're supposed to have what are called stabilization agents out there, and if the stock begins to fall on the first day, aren't they supposed to come in and support, put a floor under this stock by buying shares?

they got swamped. >> i'd be very interested to see and understand more deeply when the information comes out what kind of time they had just given the amount of the offering that was sold to the retail investor pre the ipo and then, again, having employees selling. i just think there was a lot more than they could possibly handle coming out of the gate. it looks like today there's been some additional activity, the stock is back up. still down below the ipo price, as you said, but there is something going on in the marketplace that is stabilizing the shares a bit, particularly given where the nasdaq is. liz: yeah. yeah, maybe. and maybe it's just sort of the bump it gets from the cathie wood effect, one of the most widely followed fund managers right now. she's had huge success last year. this leads me to the reddit crowd. how important is the meme stock crowd? they like to go for stocks or that are heavily shorted like amc and gamestop.

all you have to do is look at the year-over-year performance of those two names where as soon as they figured out that these were heavily shorted stocks, they said, well, let's kill the shorts. we don't know yet what the float is that's being shorted on robinhood, but how important has the retail investor, the so-called reddit rebel, become here? >> well, i think they are a lot of what gave rise to the popularity and continued to strive the growth that robinhood experienced popularly dirt panning demick, right? all of those stimulus checks and funds that were sitting on the sidelines appear to have gone there if that new retail investor into the stock market through the robinhood app. and, you know, looking at the reddit, wall street bets and the whole routine, that was their a way into the marketplace. it's very important that that crowd stays behind robinnen hollywood because those devices, given what went on with robinhood when they stopped trading and went through the capitol raid way back toward the

beginning of the year, if they don't have the support of these folks, if those folks turn on them, this could be a very interesting ipo period for them. liz: i completely agree. and i guess i can't believe i'm saying this although props to the retail traders who now actually have some muscle. what concerns a lot of people out there about robinhood's stock is the fact that most of its revenue comes from one source, and is that's payment for order flow. we had an opportunity yesterday to have the very first investor in robinhood, tim draper -- the whom i'm sure you know -- he came on, and we said to him shouldn't we worry about the fact that owl the revenue -- all of the revenue comes from that one source? here's what he said and then i'll let you react. >> wait a second. [laughter] you've got -- but facebook's a trillion dollar business, and all of their revenue comes from advertising. wouldn't you say they're at risk because their business all comes from one place? no, absolutely not. and order flow, that data's

going to be very valuable to very many people for many, many moons to come. and it allows robinhood to continue to provide free trading, and i think that's just fantastic. liz: yeah, until somebody like sec chair gary gensler comes in, right, karl, and says we don't like this payment for order flow model. >> i think the only difference there is i haven't heard that advertising is at risk from regulatory intervention is. liz: exactly. >> i would just say payment for order flow in general, and i think a while back if you go back to ken griffin's testimony on the hill, i think what what he said was spot on. for now those are the rules of the road, and as long as you're complying with the rules that stay -- and there are very specific rules in terms of what you can do in allocating your order flow out to those market centers -- that has to be a very, very careful look, and you need to take good care in designing your plans to make

sure you're routeing orders to those market centers deserving based on execution quality, not price. and that's where your investors can have a hard time. if you're not routeing in that way, then that's against the current rules. but for now, that's the practice that's accepted. and the one thing i would say on payment for order flow, and this has been talked about, liz, for a very, very long period of time. i mean, if you look back even in e-trade's history back in 2011-'12, in that range, we had some discussions and some thoughts around order now, and we had some big disclosures around it. you know, we went through a big internal review. so this is not a new topic. think when people say they're going to stop payment for order flow or that practice is going to go away, you need to look more at market structure, right? it's not just the payment for order flow piece, it's all of the back end built around that. so it's almost like a general georgia puzzle -- jenga puzzle. finish the whole thing can topple down. so i just hope that gensler and the rest when they're looking at

this, they're looking at it from the whole perspective and take their time and do the right pilots the make sure they're not going to punish the retail investor on the other side is. i do agree, right, that the retail investors has never been in a better position in terms of speed of execution quality, the pricing of their trades, the availability of asset classes, it's just unbelievable in terms of what they have. credit to robinhood for opening some of those doors. whether they can maintain their competitive position is to be seen. liz: please come back, karl, great to have you. thank you very much. >> thanks for having me, liz. liz: anytime. actress scarlett johansson casting disney as the super-villain in hollywood's latest epic battle. even as the mouse house swats back with its own accusation, is the black widow star's breach of contract claim about to upend streaming stocks? with the closing bell ringing in 38 minutes, we have got a live report on on this very fast-developing showdown next. dow is down 134, we're coming

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♪♪ liz: this afternoon elon musk tweeted that a report in a book that he held discussions with apple to buy tesla is pretty much pure fiction. the billionaire ceo responding to a tweet about a quote9 in a new book about the electric vehicle innovator that claims musk demanded in a conversation with cook that if apple agreed to acquire tesla, elon would get to be ceo of apple. musk tweeting, no way. cook and i have never spoken or written to each other ever. there was a point where i requested to meet with cook the talk about apple buying tesla. there were no conditions of acquisition proposed whatsoever. he refused to meet. tesla was worth about 6% of today's value. now, this book is called power play: tesla, elon musk and the

bet of the century by "wall street journal" writer tim higgins who writes that tim cook of apple said is f-you and hung up on musk during this said is conversation. now, i just got through to tim higgins who tells me he absolutely stands by his reporting, and that certainly is what we are now reporting. he stands by that, right? tesla moving higher by about a percent, apple is up a quarter of a percent. let me get to disney. disney shares are town after disney begins playing victim in hollywood's latest drama at this hour claiming black widow scar scarlett johansson's lawsuit which she filed yesterday has no merit and is, quote, especially sad and distressing in its callous disregard for the horrific and prolongs global effects of the covid-19 pandemic. okay, so the actress claims disney's decision to release the superhero flick simultaneously in both theaters and on its

disney plus streaming platform service deprived her of additional compensation and was never put in the contract. the suit could shake up the way stars are paid and strike fear in the hearts of streaming giants who now may have to consider redoing contracts with all talent. lydia hu joins us from the fox business newsroom with more on this "black widow" brawl. lydia. >> reporter: scarlett johansson's team wasted no time in pushing back, her agent, the creative artists agency, accused disney of weaponizing johannson's success in disclosing she's been paid for the film, "black widow," which disney says is $20 million. johannson says her compensation is tied to box office ticket sales, and she says there was an agreement that the film would be released in the theaters exclusively. by releasing the film also on disney plus, she argues they're

undercutting her because people can watch at home instead of in the theater. i talked to a media analyst today who said it's about time someone stood up and spoke out about how streaming platforms are are impacting how actors are paid. >> taking these assets, using them in these new channels and not compensating the actors for them. >> quite frankly, i'm a little surprised the agents haven't negotiated a share of the streaming revenue as part of the contract anyway, because it's really, you know, big and growing. >> reporter: now, i want to show you this because there's probably something to johannson's claims that she would be making more if the film was only available in theaters. these are the top five grossing movies at the box office from this year. two of the top five here, f9, the fast saga, and a quiet place part 2, they were aavailable exclusively in theaters and did

a lot better, nearly $50 million. you can see black widow, it comes in second at nearly $159 million even though it can also be streamed. so not bad. but the film would probably be doing a lot better if it were available only in theaters. but, liz, that's not to say that films should not be streamed; but rather actors should be compensated for that. and moving toward this lawsuit -- forward this lawsuit will influence how actor contracts are going to be negotiated. liz. liz: absolutely. this looks like breach of contract. you know, all you have to do, lydia, is go back to remember vhs and video sales? the movie companies were like, oh, we have to pay you for that too? [laughter] that goes for the writers, the directors. but the actors, hey, theatrical release, so this has nothing to

do being, in my opinion, insensitive to the covid situation. because somebody's getting paid over at disney for this either way. lydia, thank you. excellent report. okay, here we go. more than a month has passed since this moment, yes, and the senate is still struggling to get the infrastructure bill across the finish line. what asphalt and cement giant martin marietta has to say about the $1 trillion plan, the ceo joins us in a fox business exclusive next. closing bell, we're 18 minutes away from the closeout ott of the month of july, the dow, s&p and nasdaq slightly in the red but up for the month. stay tuned, we're coming right back.

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liz: we've got this breaking news right now. infrastructure has just finally made its way onto the senate floor after a vote of 66-28 to finally begin debate on that slimmed-down $1 trillion bipartisan infrastructure bill. and with 20% of the new $550 billion in government spending specifically set to fund much-needed upgrades on the nation's roads bridges, could martin marietta materials be in for one of the biggest infrastructure booms of all? the concrete and cement giant reporting record profits, revenue surpassed expectations by $10 million as as a fault orders surged 68% in the second quarter on america's grand reopening. as he looks to cement his company's post-pandemic future,

ward nye joining us in a fox business exclusive e. what must you think, they're finally at least beginning debate on this thing. >> i guess my primary thought is it's about time. we've not seen a significant increase in infrastructure funding in the united states for over 15 years. and part of what we have to remember is population has been exploding since 2000. the has added over 48 million people, and we need to make sure we're in a position the move them well, move them safely but also act competitively in an increasingly competitive global market. liz: let's say this thing gets done, ward. we never know with congress, do we? if it does get signed, sealed and delivered, how soon would you begin to start seeing some trickle-down, some of the money that would, obviously, for our shareholder audience, be positive for the stock? >> i think we're going to see some money next year. i think we're going to see some

of this infrastructure money if this bill goes through toward the end of '22. i think we're going to see some of the covid money, remember, about $10 billion that went to different states to fill the hole that was left out as the highway taxes that went down as people were sheltering in place for a while. we'll see that next year, we'll see what comes toward the end of the next year, and we think that's likely to be very impactful in '23 and beyond for several years because, as you noted, they're debating right now a five year bill with $110 billion at least prim theirly slated for -- preliminarily for roads and bridges. liz: certainly, asphalt and cement, shipments for you guys up 68%. cement supply, i want to know about that, and i want to know about the pricing of that and aggregates. because you got higher material costs all across the board --

you, the collective you, meaning the entire nation is facing that. talk about the inflationary situation that you are seeing right now. >> no, liz, you're entirely right. and the primary product that we sell day in and day out is we're an aggregates leader, crushed stone, sand and gravel. and the beauty of that product, it's found in every portion of heavy building site activity. crushed stone in asphalt, the crushed stone in concrete, and part of what we're seeing over time people recognize this is an essential product, there is no heavy site activity without that product. but what we've done over time is we've grown our business so that we have a beautiful coast to coast system put in place at the end of the year. we're also seeing notable industry consolidation, but we've also seen considerable pricing as we've gone through different cycles. and we've been able to get pricing in both down cycles and upcycles. so to your point, we just reported a record quarter, we did not report record volumes,

but with we do record volumes are ahead of us as we see this infrastructure package go through and as housing stays strong, and we think single family in particular is in that place. and what we've seen over the last several years and we continue to see is very strong non-residential activity. and, liz, that's been particularly true in heavy non-resident. warehousing, both day and and otherwise. it's a long time since the united states has seen infrastructure all moving up at the same time. we think that's where we are. liz: well, the stock is up 75% over the past year. year the date you're up -- year to date you're up 28%, and some of that may be in anticipation of this infrastructure bill finally getting done. i do is to ask you though, ward, you guys are energy intensive, are you not in and the price of diesel has jumped markedly

year-over-year. i believe a year ago it was about $2.43, clearly $3.27. how do do you offis the set that? >> diesel has gone up considerably this year. if you think about a business like ours, we're going the use that 50 million gallons during any given year. if we're looking at the quarter, it was the up $1.11 a gallon which meant that alone cost us about $15 million for the quarter. at the same time, what we're doing relative to cost control is what we've been able to do rellive to pricing of the products -- relative to pricing of the products. it's served to offset much of that, liz. but equally, if we look in our cement business, it's a very energy intensive world, and principally it's going to be varying degrees of electricity, it's also going to be natural gas. and both of those were considerably up year-over-year. but again, the cement business that we have is uniquely in texas, and that's worked extraordinarily well because

texas in many respects has sold out of cement. liz: sold out of cement. well, that's because everybody wants pools, i'm sure. [laughter] ward, lovely to have you. we'll be watching martin marietta. please come back because we don't know when it's going to come through, but finally being debated on the senate floor. thanks. >> liz, thank you. liz: it's been a crypto winter in summer for bitcoin stocks. the ceo of t0 parent overstock is here live to tell us what will unthey the block chain -- unthey the block chain. and talk about thaw, well, my podcast with a gym class start up. eight short years later, valued at more than $1 billion. how do you get the guts and

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despite a huge rebound in bitcoin, popping 9% during the month, take a look at this. crypto miners have seen some of the most gang buster year-over-year growth, a beautiful number here. riot up 1,186%, marathon up 1,449%, anaheim up 654%. even blockchain marketplace's t0 participant, overstock -- parent, overstock, putting on a show this year amid the e-commerce boom. here to talk about it all is ceo jonathan johnson. and we gotta get to to amazon as well. but i'll touch on that in a minute. let's talk about t0 because now you guys are still about an 80% owner of this. how's it doing, how closely are you dealing with it on a day-to-day basis? >> so i'm not dealing with it much on a today to day basis. we outsourced the management to

a very capable venture capital firm. but i think t0 made great strides last quarter. it relievessed a new version -- released a new version of its crypto app, bigger limits, quicker settlement. so on the crypto front, it's doing well. what i i think is really promising for t0 is its licensedded alternative trading system, so if nfts, if the sec deems them securities, t0 will be the natural place -- tzero will be the natural place to trade. ultimately, i think it could be a mixture of coinbase meets robinhood meets tzero. it's in a very good position. liz: okay. all right. i've got to at the moment flip over to amazon. amazon is having one of the worst days it's seen since the start of the lockdowns a year ago. they came into some numbers that

disappointed wall street and investors. cleary it's obvious that -- clearly it's obvious that there may be just a bit of a pullback as people exit their homes can and they're not buying so much on amazon. plus those stimulus checks have dwindled just a bit. you just came in with blockbuster numbers. you beat on revenues, a 31% year-over-year jump in active customers on the retail side, and are you experiencing any of what amazon had in its earnings report yesterday? >> i will tell you as we lap the pandemic quarters, the second quarter is a very difficult comparable, and the third quarter will be a difficult comparable for e-commerce companies. we did well in the second quarter. we were able to grow. we beat the comp from last year. as i mentioned yesterday in our earnings call, third quarter started a little bit more slowly. but, look, everybody's on vacation now. we've been pent up for so long, i think we get to august and

kids are back in school, parents are back at work, i think e-commerce will pick up again. and, you know, there will be tough comps, but people have learned how to to shop online, and in our business where we're home furnishings and furniture, there's been a big secular shift from brick and mortar to online that i think is akin to people learning how to buy clothing ten years ago and books online twenty years ago. i think it's a secular shift that's gonna stick. liz: well, i'll tell you what else is sticking, and it's not so good for you guys, you reported the numbers of orders trevored falling by 22 -- delivered falling by 22%. is that a supply chain issue? in fact, some of our investor audience members order from you guys, and we do hear that, hey, i ordered a couch that's not coming til february? what's going on there? >> i'll tell you, part of the

reason our orders are down is we're shifting out of nonhome products into home products, and so our average order volume, or average order size has gone up, and that's been good for the business. supply chain continues to be difficult. very difficult. what we do when we are advertising something, we have to have it in our warehouse, in one of our supplier warehouses, and then we're very accurate on our estimated delivery time. if it's going to take two weeks, you're going to know that before you order it. if it's going to take four days, you'll note that. -- know that. we've found accuracy in delivery estimate is more important than speed of delivery. let's remember people aren't i buying toothpaste and toilet paper from us that they expect tomorrow. they're buying sofas and area rugs, and if we can tell them when they're coming -- liz: okay. jonathan johnson of overstock.

keep up the work -- >> thank you, liz. liz: we're watching it and the stock. your welcome, thank you so much. -- you're welcome. red arrows on the screen right now, but today's countdown closer says this bull market will not be over soon. but do you believe him? todd bubba horowitz here to explain why and reveal the stocks he says can still win in your portfolio. ♪ ♪ oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, ... ♪ liberty. liberty. liberty. liberty. ♪ the rule in business used to be, "location, location, location." now it's, "network, network, network."

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[ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. liz: okay, forget what you're seeing on the screen. okay yes the markets are down in these final minutes of trade for july, but the s&p is about to close out its sixth straight month of gains, today's countdown closer says do you know what? the rallies here to stay, thanks to a dead wrong federal reserve. todd horowitz host of the bubba show joins me now. i'm not sure that everyone watching agrees that the rally is here to stay. you have to tell me why you believe it is. >> good afternoon, liz. it's great to be with you.

listen, that's one of the exact reasons why it will continue because nobody wants to believe that this market can go higher. we no one thing, liz. interest rates at the ridiculous levels that they are, which are not being really dictated by a free market, more mandated by the federal reserve, money is going to go where it is treated best and right now, where it's treated best is in the stock market, so, unfortunately, you know, elderly people that want to be on fixed income don't have a place to go, they are forced to put their money equities so the money will flow until there's a change in the federal reserve policy, and there's going to be no change especially with powell trying to get another term to get appointed he's going to do whatever biden wants right now. liz: but scott minor of guggenheim put out a note and says the market can't get any better in other words any better from here on out. you say until the feds in place? keep bouncing on that pillow,

right? >> listen, i see , i've heard, you know, for the last year. it can't go, it can't, it can't in the meantime where at all times high once again through everything, so i think they continue higher until they don't and with the fed and cheap money i see no reason. liz: well then, you're gambling on wynn resorts, you like a couple of other names here, including cube smart, storage, an american campus, talk to me about why. >> well, wynn first of all i have a home in las vegas where i happen to be right now and las vegas is packed and i think that macau will come back and win at $99 is to me, a real bargain, because i only see good things for the gambling world going forward, and they have apps and i think they start to see more competition and build a bigger as everybody else so they are going to be a big winner and back to where they were back in the old days and i think the other two are really good

solid etf's that i think will be , they pay nice dividends and a little bit on the conservative side, but again, you have campus , american campus, which is again for housing. >> [closing bell ringing] >> so i can't think of a better way to invest money. liz: thanks but we got to run because there are the bell, folks happy july. august, up next, so is kudlow. larry: hello, everyone. welcome to kudlow i'm larry kudlow. so, happy friday, folks. couple things on my mind this evening. a bit later in the show, you're going to see that i offered to make bail for senator marsha blackburn, just in case the senate goes pelosi and chuck schumer orders a mask mandate subject to arrest if you didn't follow it. now it hasn't happened yet but you never know. now, i'm convinced madam speaker pelosi's secret sauceo