straight to it what's the ev stock? >> the way to look at ev is very simple, tesla is about long-haul transportation, ford it's about mass production, if you look at volvo it's about getting to the heavy engineering aspect of it, and if you look at some of the other ones that's really about new types of transport modes. charles: all right and lordstown reports after the bell and little c will take you there liz: yeah, i sure will, charles i've got a more pressing question at least at this very second. have we hit peak inflation? the markets kind of whistling past the graveyard, hoping we have. the dow and the s&p looking at a second straight day of record closes after a key inflation metric show consumer prices, they're still rising, more slowly but higher prices for electronics are leading to earnings for lenovo, the president of its international markets is here. wait until you see the stock it's going nuts.

he's here to tell us the computer and gaming sales could be peaking or if work in place from home is the new normal and that lenovo is best positioned for it. it's a fox business exclusive. playboy taking on victoria's secret an the catwalk and bodies of american women. the ceo of the iconic brand which is now once again publicly traded is here, the day after his company's official purchase of luxury brand honey berdette. it's australian if you haven't heard of it, it right on the screen. okay. all right, and bitcoin popping above 46,000 as the biden administration fights a civil war over the future of the crypto markets. charlie is going to break it on that but as high as bitcoin is going, xrp and dogecoin are going toot moon at least right now they are. breaking news, we need to get this to you. you are looking or are you looking, we don't know, at the

iphone killer or at least menace samsung just unveiled the first foldable smartphone for under $1,000. it's called the galaxy z-flip 3 and it was just unpacked at samsung's galaxy unpacked event. water resistant folding glass phone has the first ever under display camera all for the low low price of $999. samsung stock, it trades in south korea, but it closed lower in both south korea and on the london exchange; however, the reveal comes at a crucial time for big tech and dow component apple. so i want to start with the macro picture here take a look at the dow jones industrial s. 31 in 2021, yeah, after clocking the 31st record close just 24 hours ago, the blue chips are at it again as we said on pace for their 32nd all-time closing high of the year. the bulls rejoycing that consumer prices, while still running hot, slowed their pace

in july, to well let's call it a fast jog. we'll find out tomorrow how producer prices, in other words, manufactures costs fared but until then, make no mistake. prices, folks, are still rising, even as we said, samsung's fold able phone dropped below $1,000 which brings us to apple. we need to get you this market alert, tomorrow apple pays out its quarterly cash dividend of $ 0.22 a share. the stock is on the move right now, slightly higher and perhaps just as importantly, we are less than a month away from what traditionally is the big september iphone unveil. this year, expected to be the iphone 13, but with inflation still rising, and obviously, the supply chain issues still in place, is apple 's iphone or its dividend more enticing? to our floor show traders, chief u.s. strategist and trader chris robinson from the cme. guys one of the rules of invest ing in an inflationary environment is to buy dividend-

paying stocks all 30 dow stocks do pay dividends, but ed i want to start with you. we're coming off a tough cycle for dividend paying stocks. is the timing now right for them to be a better hedge against inflation for people's portfolio s? >> it is, you know, dividend stocks are low beta, meaning they tend to go up less when the market rallies and go down less when the market falls so the first year a bull market, the first year of an economic expansion when stocks do so well , they tend to under perform we're exiting that phase probably at a phase where stock prices continue to rise but at a slower pace so that's going to be a more attractive place for dividends so when you throw the inflation risk on top of it, yeah it's a much better environment for dividend stocks than it was say six or 12 months ago. liz: you know, we're showing some dividend-paying tech stocks and we're bringing up tech specifically for the apple piece of this , but chris, you know, all you have to do is look at le novo's earnings, for example, and the reaction of the

stock that people still love caltech and we can put up some of the dividends because some of the bigger dividend-paying tech stocks such as cisco, for example, or skyworks, we already mentioned apple, you know, you can see them on the screen what they pay out here. you've got texas instruments paying out 2.1%, cisco is nice got a 2.7% dividend pay out there. do you get the sense that you can pick dividend-paying companies by sector, or would you prefer, because i know you look at commodities, to simply look at something that's in that realm? >> yeah, i think that if the risk when you're taking the dividend is yeah, the overall markets rally, this maybe a better time to own them. the big what if out there is when is the correction coming? we're up over 1 is hundred% since the low in march of 2020 so that be my concern. what's driven this market for the past 12 years is people looking for yield and as long as the 10 year stays below 1.5

or 1.25% then there's always an argument to look at stocks that have good dividends, so like everything else, i think the way to go is to be diversified but as far as commodities, you can get trapped with commodities if you don't have a broad based commodities, you know if you're looking to have commodities be your hedge against inflation, you really have to be broad based because there are some commodities like for instance cotton. it's up 70% of the year, but you look at gold, taxing 15% off its all-time highs, so if you get caught picking the wrong commodities, you can miss out on owning it. liz: yeah, i get it and lumber has come way off. ed i do have to ask you because we got that cp i'm number, consumer price index, inflation at the consumer level, to me, a gain of 5.4% year-over-year. i'm sorry that looks like prices are continuing to rise. do you think we've hit peak inflation? we'll find out maybe a little more clarity tomorrow when we

get the ppi. >> yeah, i think the ppi is important because it's going to tell you to follow through in the coming months and some of this inflation is really what they call base effects, that is you think about what's happening last year, so prices were down, so the numbers are going to look bigger but some of it is not. some of this is going to be with us for a while so we think it's going to be transitory but there's no textbook definition of how long transitory is. some of this will be with us for a year or longer, so we're going to have to get used to a little bit of a higher inflation regime. liz: well we know that jay powell of the federal reserve has said transitory is more than a year, right? i think that's what he said last time around. ed, chris thank you very much for joining us. we need to get to this breaking news at any moment president joe biden is expected to meet virtually with local leaders from across the country about the importance of the $1 trillion infrastructure package just passed by the senate yesterday. the main focus now turns to the

so-called $3.5 trillion human infrastructure bill that's making its way through the senate. let's head to the white house where edward lawrence has sort of the next steps for this massive spending bill, which does not have the support of republicans. reporter: yeah, it's going to be a rocky road, liz, for sure, as much as the support was there for that bipartisan infrastructure bill, not so much for the next round of spending the democrats want to do. in fact, the group that represents some of the largest companies in america says this. "business round table is deeply concerned about potential tax increases on u.s. job creators that the would counteract the benefits of the infrastructure investment. america needs prudent economic policies that boost, not undermine the recovery, new job creation and long term u.s. economic growth." now that next package, the reconciliation package is more spending so i asked white house press secretary jen psaki at what level of debt would the president be concerned and that's because in the framework for that reconciliation, it says this.

there's $30.7 trillion will be the deficit for the next fiscal year, 45.1 trillion will be the deficit or will be the public debt by 2031, and that's with all the pay-fors. here is the answer. >> the president has proposed a plan and package that be fully paid for by asking corporations and the wealthiest americans to pay a little bit more to make our country more competitive and he feels quite comfortable with the fiscal responsibility of that. reporter: and avoiding the question about what level of debt our kids will have to deal with and our kid's kids will have to deal with but that's exactly what senator joe manchin is concerned about. he expressed concern for that saying he's concerned that our kids and the amount of debt that we're leaving our kids as well as jeopardizing our financial standing with all the debt that we have, now the house expected to come back early on october 23 to take up the bipartisan infrastructure package, although the house speaker says she's going to sit on it until the reconciliation package is finished.

the senate still has to write the language for that and that deadline for that language senator chuck schumer has said is september 15. so we do have some time and political wrangelling before it reaches here, at the white house back to you. liz: and we're continuing to watch material stocks, right? you're talking about martin marietta, vulcan looking very good same with most of the steel stocks edward thank you very much. the company formally known as weight watchers slipping off the scale in a second quarter earnings miss, ww international giving a weak forecast as digital subscribers slowed and the stock is getting crushed , down 24.5%, but the company formerly known as just a men's magazine is rock ing bikini season its now acquisition of australian bathing suit company honey burde tte officially closed playboy ceo ben cone is here to tell us how he plans to take on

victoria's secret head on. closing bell ringing in 50 minutes look at the dow up 219 points right now, we're at 35, 483 we're coming right back with playboy, next. ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪ i got you. ♪ all by yourself. ♪

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liz: all right, you guys know this , right? back in june victoria's secret swapped out its iconic angel for an all-inclusive angle of branding. now, while down in the final hour, the stock of victoria's secret which recently split from parent l brands is flying higher we do have it down 5% at the moment, but within just the last two weeks it has done extraordinarily well. the company retired its sexy angels and instead, has pivoted to athletes and activists, as their brand ambassadors but one iconic brand is moving to fill the super power bombshell sex appeal vacancy that victoria 's secret is leaving, playboy group closing its acquisition of australian lingerie honey burdette, the stock is up nearly 100% over

the last six months. as playboy continues its direct to consumer push, can it dominate the lingerie market by going sexy just as victoria's secret exited sexy. playboy group ceo ben cone has been leading the playboy pivot and he is joining us live. ben you just closed the honey bordel but victoria's secret just dropped the sexy other worldly angel models going toward diversity and it looks like it's working for them. why do you feel you can succeed where they had begun to fail? >> look, i think that the issue is victoria's secret again thanks for having me is something different. i think there's a way to do sexy which is today's definition of beauty and that's what we're doing and so the issue with victoria's secret was the models or super models they were using and showing that as a role model for what is beautiful. that we completely disagree with , so our approach is sexy does not mean that you are having this unrealistic image of body. i think what you look at what

rihanna has done with savage, it is sexy but it's also realistic of what women are today and i think that's so important, with the population our workforce is 75% female, before the honey bir dette acquisition we're very sensitive to that but again playboy has always been, go ahead, sorry. liz: i was just going to say, we're looking at these models and some of them are almost impossibly perfect, and then you have others that aren't as sort of thin as the angels were, so i think i'm hearing you say that, but you're also going for direct to consumer focused at women, am i correct? i looked an your website. i like the press on nails by the way with the playboy bunny, but you've also got all kinds of licensing deals with nike and some of these other, pac sun that are very sort of inclusive, so how do you get that message

out? >> 100%, everything we're doing is inclusive. again, i think it's your definition of beauty and that definition of beauty today has changed, but 75% of our employee s are female, honey birdette is a company founded by women, for women. they are designing playboy lingerie now as well. again, by women, for women, and if you look at our sales in our first quarter, 55% of all of our sales on our sites were to women , in the second quarter our b2c revenue accelerated and grew 88%, and when you look at playboy.com which has really gone through this transition, from that of a media company to that of a consumer product or e-commerce site, our business grew 130% sequentially,q 1 to q 2 on playboy.com, and so even though the audience only grew 10 % our e-commerce customer grew by 70%. liz: well then what does wall street have wrong here and what do investors have wrong here? the stock is getting smashed

today. i know you came out with those numbers revenue up 88%, direct to consumer, which to me, is the new playboy. obviously, you would say that this is mypoic. you've got some of the price target cuts and things like that that are coming out of wall street at the moment. what would you say to them? >> look, i'm a little shocked i'll be honest with you today, but again, we're focused on operations and making sure that we're making the right decisions from an operations perspective, and hopefully overtime we'll continue to execute. again, this was a great quarter for us. revenue was up 44%, b2c up 88%, licensing up 12%. that's in the face of covid where we lost a ton of revenue because of being out of stock, on supplies or delay draws, et cetera. our gaming business was off 75% because of the casinos in london , and our online gaming partners being closed down because of live studios so it was a great quarter. we actually doubled our 2025

forecast from 300 million to 600 million, and that's just what we have organically in the hopper today, but again, i'm a huge owner of the company. i'm not selling anytime soon. i believe this is a multi multi-billion dollar brand , long time, we should be able to generate sizable billion s of dollars of revenue overtime, and again, i hope that wall street will reward us overtime as we continue to execute. liz: well that appears to be what has to happen, if you continue on this trajectory of 88% growth year-over-year on direct direct to consumer which is your big piece of the business as you move forward ben, good to see you, thank you very much. >> thanks, liz. liz: ben kohn of playboy. inflation nation seeing prices sky rocket, everything from food to gas, you guys know this , right? so major appliances every time you buy something, coffee. so what we're going to do is we're heading straight to new jersey, and an appliance store there that everybody loves to go

to in montclair, to see how retailers are passing the increasing costs of refrigerators, dishwashers, washer and dryers on to the consumer and what that means to appliance stocks and the materials that go into them. closing bell ringing in 40 minutes. hey the dow just continues to climb it's now up 230 points, as we head into the last 39 minutes of trade. the "clayman countdown" is coming right back.

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liz: fox business alert. even after coinbase kill quarterly earnings estimates shares are pulling back from session highs in the final hour of trade. while the stock is still up about 4% the high of the session

was $294 a share we're at 279 and change right now. i mean maybe it's the outlook that chopped about a percent or two off the highs the actual report was very impressive. the crypto brokerage reported a 12-fold increase in revenue from a year earlier to $2.23 billion, as trading volumes surged through the second quarter on the growing popularity of digital assets. however, coinbase did warn that current volume will dip and that the outlook is less clear due to potential regulation. now, high blockchain is also on the screen here. it's up 3.25%, because it's the first publicly traded crypto miner, and it's doing pretty well right now although it is a $3.18 stock. strength in bitcoin investing by the way which made up 24% of coin's second quarter trading volume in the quarter also fueling the stock, let's check cryptos at the moment. you do have bitcoin, at 46, 271. it had gotten there monday, and then it had to pullback, under

45, right? and now it is backup above 46 and dogecoin is up nearly 10%, x rp is up 17% at the moment , so big moves for some of these other cryptos at the moment. posh mark not looking so posh, shares at the online fashion reseller are plum plummeting after third quarter estimates came in below, and warned of a marketing hit from apple's add- tracking changes. the whole privacy thing, and from portfolios to perigot, the over-the-counter drugmaker sitting at the bottom of the s&p that missed second quarter profit and revenue estimates on weak sales of non-prescription meds due to the lackluster cough and cold season. everyone wearing masks, fewer people got colds. so, we got it down about 11%. fubo tv, stocks, had them on a lot it's moving higher after the

sports streaming video service posted better-than-expected second quarter results and boosted full year guidance. this is a company heavily short ed and then of course the meme stock crowd moved in, loved it and more than standing on its own here up 9.6% it also finished the quarter with nearly 682000 subscribers well above its projection of 600,000. and just for the fun of it we have liftoff of electric air taxi maker jovi aviation, yeah, look at that. it's surging 31.5% on its first day of trade, after de-spacing or reverse merging. the company aims to bring its electric vertical take off aircraft into service by 2024. americans, speaking of that, are increasingly hitting their local stores nationwide, foot traffic up 52%, as millions of americans

whether they're wearing masks or not return to in-person shopping but what they're fine finding at the store is that inflation driven up consumer prices speaking to levels unseen since the 2008 recession. lydia hu joining me now from designer appliances in montclair new jersey where lidia, the price tags for everything from washing machines to refrigerators just keep getting marked up what's going on? reporter: that's exactly right, liz. the owner of designer appliances actually says he's never seen spikes like this since he's owned this store in almost a decade now, and he says manufactures are increasing the prices by 20 or even 30% in some cases. take a look at this lg stack able washer and dryer. last year it used to cost 1,350. now, it will set you back almost $1,800. this samsung refrigerator also going up by $800, last year it cost around $2,200 now it's

going for more than $3,000. the new data out this morning from the bureau of labor statistics tells us on average consumers are paying more than 12% on these major appliances than they did last year. >> it's the first year, where we hit such a big dramatic change. costs have gone up. raw materials, production issues number two. distribution, like getting a product from point a to point b is dramatically more expensive. reporter: now, industry experts say that manufactures are largely eliminating the seasonal promotions that you see around labor day or the holidays so if you're planning a big appliance purchase for this year, don't count on any savings happening around any of the big holidays. they also say that the appliance industry is pretty rigid, so when the prices go up, they say, it stays that way for a while. they expect to see these higher prices for the rest of this year , and through at least

the first half of next year. liz? liz: oh, i have an lg washer dryer. they are the best, but that is a big price hike, and i will say, we've been cycling through some of the alliance seller stocks, lidia. all of them are in the green because people are still going to have to buy this stuff so that would probably mean a better margins, perhaps, depending on the supply chain. thank you, lidia. computers, tablets and gaming equipment flying off the shelves during the pandemic, as work and play from home became the norm, but will it continue to be the norm? lenovo's president of international markets is here and he is planting his flag on planet hybrid working. wait until you hear way, closing bell ringing in 29 minutes the dow just hit a brand new session high, a gain of 236 points we're up 227 right now. we do have a record at the moment for the s&p as well, don't go away.

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liz: lenovo shares are jumping higher right now, powering the markets up at the moment by more than 10 and 1/3% for lenov o group, after announcing it is planting its flag on planet hybrid, as in hybrid working. the tech company delivering record numbers in the first quarter, powered by the work at home movement. net income up 119% and pre-tax income up 95% compared to just one ago, but let's find out exactly what they're basing this on, fox business exclusive with lenovo's president of international markets, matt zeli nski. how many think pads and foldable laptops did you sell? it looks like a lot. >> well you know i think we hit over 20 million in the last quarter so demand is certainly

just off the charts, and look, last time we spoke, i think it was in january, and we were talking about how the events of 2020 had just turbocharged i think were the exact words i used demand for remote learning and for the consumer space as we went from one pc per household to one pc per person, and now this whole thing around hybrid workforce is like rocket fuel for the industry. this year we're seeing parabolic increases in demand relative to our commercial products because of this and as you know, that is the sweetest of sweet spots for lenovo. liz: well, you know, as you look toward the hybrid working model, you believe that it is very much here to stay. here comes the delta variant, obviously and more and more companies are pushing back what they hoped be a september reboot of back to work. what are you hearing out there, and to that end, if people have just bought some 20 million think pads and laptops that are

made by lenovo, that's brand new, why would they need to up cycle once again? >> well look, without a doubt the notion of hybrid workforce is here to stay and in fact we're in the same boat. we had to also push out our opening because the safety of our employees and we just see this as a new thing. when you look at productivity and look at the ability that you have to change your lifestyle, while maintaining or increasing productivity, there is just no doubt that hybrid working is here to stay and strangely employees now expect that to be the case, and for us, you know what it means is the refresh cycle for pc, because of the kind of technology that's required for this distributed working is going to be faster and faster, so we see product demand staying the same, but what's more exciting for us frankly is this is fueling a trillion dollar market that is i.t. services so think about if we're all at home and half the companies at home are at work what do i.t. managers do and how do they manage

deployment and the answer to that is they can utilize services and solutions that we can manage for various companies out there to maintain the entire lifestyle experience, the entire life experience, of owning a len ovo-based product so that is the next big thing this independent will tackle. liz: are you saying the revenue piece of that is growing exponentially is that what you're seeing? >> sure if you look at our quarterly results from last night you'll see that services and solutions is now pulled out as a whole other group. services in terms of support services like 24/7 premier support help desk, manage services like we'll just take over the entire ownership of your fleet from beginning to asset recovery. that was up 38% year-to-year delivering 22% operating margins at about $1.2 billion, and so we just see that going absolutely gangbusters for the next several years and for sure as an organization, we're betting a significant amount of investments in that space without question. liz: okay, but you know, a

little history lesson here. you guys bought think pad, which was a dying business from ibm, who said you know what? our services business is so much stronger, you guys take this thing, and what lenovo did was absolutely incredible. you made amazing laptops that, as you say, people really really wanted at the moment but how do you avoid falling into that ibm trap of oh, our services business is so big, the hardware ain't so great. >> it's just impossible. we can never wash your hair of being a product company first and foremost. if you look at where we spent our innovation dollars, look at we're focused in the market without a doubt, products at the core, but it be nice to be able to control and help manage the experience of our products because our innovation of the product side will never stop but what happens when you build the best products in the world and marry that with the best experience and best services of the world that's just to match that is meant to be and again, we still own the hardware, which i mentioned before is no lingerie hardware company. we will be a hardware and services company which is a very

unique thing. liz: really quickly, matt your ceo has said that he doesn't see the chip shortage sort of lightening up until at least the first half of 2022. how do you work through that? are you seeing shortages in what you need to put out your hardware? >> look, its been a challenge, and its been a challenge for our customers, challenge for our partners but i will tell you when you look at the results that we've posted during the most difficult of times with the really really tight supply chain, you've actually seen us pull ahead as the number one pc company in the world and the secret is this. it's about supply chain and this is when scale wins. complexity is a four letter word in the pc business and when you go out and qualify a bunch of as many chip manufactures as you possibly can and every single motherboard, that drives complexity but when you have scale, you can take in that complexity and make sure that you're covered with a vast web of suppliers & partners that allow you to build as fast as you can receive these parts, so it really is scale in our

supply chain that wins that race and it's very evident in the numbers when you look at them. liz: well, your stocks upholding gains of 10.5% for lenovo, matt we'll see you next time thank you very much matt zielinski. team biden is split on how to regulate the $2 trillion cryptocurrency industry. charlie is about to break it on the digital currency civil war that's breaking out inside the white house, and this week, okay, how do you go from being the producer of one of my personal favorite movies of all-time, rudy, uh-huh, yeah, the notre dame star, to running a health business called chromea dex. rob has done it he's an oscar winning producer pivoted to this health and wellness company he's invested in and now he is the ceo. how did he push through failures and difficulties while chasing multiple dreams and catching them? you've got to hear this story.

it's available now on my everyone talks to liz podcast, spotify, google, apple, don't let go of your dreams, rob did not. closing bell ringing in 18 minutes. here we go, we do have the s&p on track for a record close, same with the dow jones industrial. we'll see if it can happen. stay tuned. ♪ 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: we have this breaking news, we were just talking to matt zel inski of lenovo who said the whole work at home stay-at-home sort of trend is something they're banking on. well it appears that nbc universal which of course is owned by comcast will now postpone offices return date to october 18 at the earliest,

apparently there's a company e-mail coming out, and they are citing a rise in covid-19 cases. this is an internal memo, and apparently, they are pushing it out further to october 18, "at the earliest" mcdonald's making an announcement earlier today also pushing back its return to workday to october 11, and all employees must be vaccinated for mcdonald's so both stocks moving higher right now. in the meantime, cryptocurrenc ies rallying at this hour despite the fact that the biggest crypto heist ever recorded has been revealed. announced on twitter hackers took more than $600 million worth of coins from crypto wallets on its decentralized finance platform, so far, about a third have been recovered but in the meantime, the massive heist could give regulators the ammo it needs to crackdown on the growing crypto sector but how will they do that and what is going on inside the

white house, charlie gasparino says there's a big divide and i guess people are taking sides, right? charlie: let me ask you, on your last work-from-home segment, how do you work-from-home if you work at mcdonald's? don't you have to, i haven't been to a mcdonald's. liz: i think they mean corporate headquarters which i have to spell out to you. the franchisees. charlie: it's a small company though. it's mainly the franchise just want to make sure. liz: mcdonald's? charlie: the franchise is what makes it huge, okay and that's where most of its employees are but i just want to make sure i haven't missed something where it's now all robotic or something because i haven't been there in a long time, but in any event. liz: you've missed nothing except a really good coffee. charlie: okay. liz: they have really good coffee. i drive-thru whenever i can. charlie: okay, all right now that we've made this , we got that settled and it's not the mcdonald's workers at the restaurants, let's go into the

biden administration which essentially is at war with itself over who gets to regulate what in crypto, and now, with the interesting thing is this was all touched off by elizabeth warren's letter, essentially calling for more, to the sec, calling for more regulation of crypto, that it's the wild west, that it's a lot of scams going on, not saying that's true. i'm just saying that's how the biden administration is portraying it and it needs massive regulation. that prompted gary began letter to start the wheels in motion to get more involved in crypto, even though he doesn't have the direct authority. remember, he's, the sec can only get involved if it's regulating a security, something with an ownership value, a stock, a bond which is essentially a lien on earnings in terms of the capital structure those are securities. crypto, most crypto is not like that. some are, somes not. so now, with that, there's a huge all-out war between the cf

tc, the commodities future trading agency and even the consumer financial protection bureau, we understand , they may get into it , so everybody is at each other's throats, and they are all trying to, they are taking to twitter and talking to members of congress about how they have the authority, and one of the interesting things is gensler actually is going to congress, from what we understand, and is going to be pushing for legislation that gives him more authority at the sec to maybe bend the rules in terms of what's a security so he can go full bore into crypto, and its caused a lot of issues between the heads of these agencies from what i understand. they are politicking for their piece of the turf. the cftc lots of cryptos commodities because they are derivatives that trade-off it therefore, guess what? we're the guys that should regulate this. the consumer financial protection bureau is saying hey, guess what? we have a broad mandate to do

anything that's consumer protection when congress created us, ironically, elizabeth warren helped create them, following the financial crisis so maybe we can get involved. they haven't decided to get involved yet but they are getting a lot of complaints from consumers about crypto fraud and you know, as you know, gary gensler is now on the war path looking to do this , so i think of you're worried about regulation, and you're a crypto investor, or you're a crypto executive that you create exchange, one of the good things about these guys fighting each other is that it kind of leads to sclerosis, right? nothing gets done, maybe they just are so busy fighting they don't do anything specific, but you know, once they get this sorted out they are going to do stuff specific, and more regulation, depends on who you talk to. i talked to the sec commissioner , known as crypto mom, and she thinks the regulation is already stopping innovation in the crypto world, because there's a lot of innovation that

needs to be done in terms of the blockchain technology, the networks that crypto is the currency of, which could lead to great things in terms of making transactions more seamless and cheaper, so that's where we are right now, liz. i'll keep you abreast of the tu rf war, back to you. liz: will you keep me abreast of how small a company mcdonald's is because at their corporate headquarters or at least corporate jobs, 200,000. charlie: what's that? liz: 200,000. charlie: 200,000 what? liz: people, employees. so they aren't small. charlie: like how many workers are there? liz: it's like 1.9 million with the franchisees and workers. charlie: it's three times as many people. liz: for what, 200,000 employees is a lot of people. charlie: well think about it, liz, they are making the poor workers go to work. liz: but what am i? charlie: but they get their executives get to stay home. what is that?

that's not fair. talk to jamie dimon. he'll tell you. the people that, it's a huge class divide here, liz. liz: blah blah blah. we're coming right back, stay tuned. my retirement plan with voya keeps me moving forward... even after paying for this. love you, sweetheart they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. come on, grandpa! later. got grandpa things to do. aw, grandpas are the best! well planned. well invested. well protected. voya. be confident to and through retirement. (vo) singing, or speaking. reason, or fun. daring,

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♪. liz: three minutes to go before the closing bell rings. dow, s&p, about to close at record highs for the second day in a row and for the s&p, that would be the 46th record of 2021. any gain for those two. i want to show the nasdaq a little love or hate. it is down about 22 points. the senate earmarking $75 billion of the one trillion dollar infrastructure bill to help pave the road for all electric future. today's countdown closer has a very specific way to play the ev ecosystem. bring in david kudlow, friend of

this show. david, what is it. put it out there right now. it is rather specific but it is an etf. >> it is a etf, lit. global lithium battery etf. lithium battery and technology etf that. is specifically the play. it is on lithium, battery technology for electric vehicles. as we like to say with our investment committee, this etf has lit. it is on fire. we think incredibly well. we think had has a runaway ahead of it. as well as rex, rare earth metals etf doing quite well. that includes a lot of rare either metals, lithium, cesium, these are rare either metals that go into high-tech device. demand for computers, laptops going forward. we think this etf will do well

going forward as well. liz: when you look at lithium and the demand for it, you have to figure, and this is not -- what david is saying, folks who cares if you believe in electric vehicles or not, the push for the future is that. what is the trade etf? talk about some of the top names in the etf. they are global. not just the obvious american names, correct? >> that's right. a lot of these are companies around the globe. some of these in asia where some of these terms are mined. it is about both production, the mining, production, and recycling of these materials to go into these products. liz: david, we got 30 seconds left. we're going to see another record for the dow and s&p. does this keep on going until the fed pulls out? >> we are setting all kinds of records for earnings in the first half of this year.

87% of companies in the s&p 500 beating expectations, highest ever. terrific profit margins. we have the fed still on our side. [closing bell rings] we don't think the fed starts to taper in september. we still think it is months away. liz: sounds great. thank you very much, david. that will do it for us here at the "claman countdown." two records, the dow and s&p. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. okay, hot on the heels of the infrastructure package, democrats worked to rush through the framework working through voter rama and republican amendments, complaints that unfortunately won't amount to a hill of beans. the final final vote on final final package, 50-49 in favor of the dems. senator mike rou