tv The Claman Countdown FOX Business August 12, 2021 3:00pm-4:00pm EDT
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that's going to have some repercussions in the market but i'm still a long term bull. i just think the dislocations could be big. charles: yeah, i agree 1,000%. we've had enough money printing for now we can take it from here nancy you're fantastic always always knocking it out of the park we appreciate it. market holding in there pretty good particularly growth stocks liz claman? over to you. liz: hey, the dow looks like it's maybe going to go positive, charles. we're just down 15 after having been down 132. thank you, my friend. charles: call it the cp effect. liz: [laughter] always, cp, the s&p 500 and nasdaq doing a mid-section about base after trading lower most of the session the s&p now looking at its third straight record close, if this can hold. the dow will join if it can dig out of the red in a final 59 minutes of trade any gain will do it but investors could have
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their eyes and mickey ears on disney earnings after the bell. the mouse house opening its disney plus streaming service won't have a bad batch of number s as increasing cases of the delta variant could slow theme park attendance in the current quarter. it's all about what's happening now, not rear view. meanwhile, congress throwing billions into the construction of electric vehicle charging stations, and a nationwide network. we've got the blink charging ceo , we're going to ask him if he thinks he can get a piece of that action, and of all things a flower shortage is driving up prices for millions, who had postponed their weddings, during the year of the pandemic. the 1-800-flowers ceo is here to talk about why and how he plans to skirt around all that. it's a fox business exclusive. soccer's biggest star gets a major token of appreciation from his new team. we are going to tell you the unique way the new team that
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he is with plans to pay lionell messy's bonus as part of his welcome package. yes the crypto world is a buzz on this. fox business alert, we have breaking news we're just getting reports that sony is delaying the release of its venom sequal, amid the , sorry, the delta surge. previously slated for september 24, the movie opening has now been pushed back to october 15. shares of sony group right now, down 1.5% and it comes just as you thought reopening trades were heating up for the long term, but now we've got a chill blowing through that narrative right now, as as you just saw from sony and as we head into the final hour of trade it's not just the existence of the delta variant which has been tearing across the nation. it's the latest numbers that are taking a bite out of the nice entertainment recovery specifically for travel and leisure. look at commercial airlines getting slammed with american and hawaiian airlines down 3.25,
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american down 3.7%, and the cruise lines are under water right now as well. the highly contagious delta variant of the coronavirus does not appear to be peaking from a professional business standpoint in fact, daily caseloads of 86% in just the past two weeks and have increased 10 fold since late june. louisiana and florida are hitting their highest numbers of covid cases since the entire pandemic began a year and a half ago as the huge an tragedy is obviously at the forefront and continues, from a stock market and business perspective, the urgency is about to hit critical mass. we are less than an hour away from two key name, disney and airbnb, both to report quarterly results after the bell, with the u.s. leisure sector under pressure investors are keeping a close eye as i said at the top of the show, right? guidance, forecasts from these travel bellweathers. let's bring in our floor show
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names here we've got rick munare s, senior analyst and sarge guilfoyle. guys let's tackle the dow component here first. rick, two months ago i might have said the disney theme parks and recreation which of course include cruises, be a real positive and it still might be, right? but isn't that rear view looking , rick? and right now, what will you be focusing on as you assess the delta variant risk here? >> yeah, i mean clearly people are still going to the theme parks. they are masking up and it's required now, when it wasn't earlier in the summer, and the cruises, they just got started basically this week, so everything got delayed not at the same pace, but you are see ing a case where the delta variant, it may slow things down but you can't just stop disney the way they did last year. it took so long to get everything going again, it's not the kind of machine you could stop, so i think they will be able to adapt and adjust and there's a great big beautiful tomorrow until there isn't. liz: well, okay. i get that. we're expecting $0.55 a share on
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revenue of about 16.7 billion but rick, let me follow-up with that. how do you know they aren't going to do a self-imposed some sort of capacity limit once again, and then the cruise ship piece of this , is a huge question mark. is it not? >> yeah the cruise ships will take time. the theme parks disney has been raising prices here and there, it's more expensive now since it's harder for annual pass holders to get in they are selling more one day tickets so you're seeing some of the dynamics disney is doing more with less but yes even if they do the 16.8 billion they will still be 17% below what they did two years ago. the year-over-year comparisons will be easy because the theme parks are closed. the domestic theme parks in april, may and june of last year but clearly movie theaters were closed then too so there's a lot of things happening that will be favorable this time around but yeah the challenges remain. liz: right, and the forecast will be front and center. sarge let's get to the piece of the dow component picture because walt disney it missed on
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revenues last quarter so you do begin to wonder exactly what's going on with what happens now and what you'll be focusing on as a trader. >> as far as disney goes i've lightened up my position and i didn't like the risk going in, i actually cut back about 50% of my disney. what i'm going to focus on is how many subscribers they probably lost for disney plus, because netflix took a pretty nasty hit and i don't really have high hopes for the parks, the way my colleague does. i think that people probably stayed away. i would not go there with my kids during a pandemic and a lot of people feel the same way. liz: do you get a sense if we dovetailed to airbnb that the reopening and lockdown play narrative that the company has pushed because they did pretty darn well holding up, when it came to lockdown plays because people would have rather stayed at airbnb versus hotels exposing them to people in the elevators, et cetera, and then of course the reopening play, travel
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coming back, which side of this piece are you taking? >> as far as airbnb is concerned the stock is on a role up 15% from its low in july. it's trading about 27 times sail , it doesn't have earnings that loses money, 22 analysts follow, all 22 increased their revenue expectations i'm taking the other side because it seems too rosie. people are still going to there's reduced human interaction, what i did was put on what's known as a bare foot spread. i'm not bold enough to go out on an equity position and what i did was purchase the right to sell the stock at 148 that expires tomorrow and sell the right to somebody else where i'll have to buy the stock at 142 tomorrow. i laid out 227 for the trade hoping to win back $6. liz: okay let me broaden the
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aperture here, rick because disney is certainly a dow stock and you've got airbnb as a nasdaq name. we can look at leaders and laggards in both of these indexes. it's the dow that could see an all-time record close once again. same with the s&p. as you look at these particular names, and i guess when you're talking about disney, i mean, i look at this and say disney had a total return of 38% year-over-year, compared to the s&p of 32%, so it's an outperformer there. it does have power. how do you view that power? >> yeah, i mean, disney is obviously a very important part of all, but year-to-date it is not doing so well. year-over-year it is because disney had a relatively robust 2020 and so it does have a lot of catching up to do which is odd when you think this is a reopening play and we are reopening, and disney stock is not necessarily playing along right now. airbnb on the other hand is a kind of company that is definitely clearly a more reopening play but also sort of a pandemic play in the fact that if you wanted to travel and see
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the world you were able to rent out a house or apartment or basement rather than staying in a crowded hotel so they were both sort of reopening plays, but they also had their pandemic aspect to them too. liz: moltey and sarge, great to have you again, after the bell disney, airbnb and while we await those two names we got to get to palentier. let's get there which just reported its quarterly numbers, palentier technologies is surging right now about 11% now, last i checked it was 7%, up 11% , the data analytics company founded by tech billionaire peter keel beat revenue estimate s by closing 62 deals with both corporations and government agencies worth 1 million or more apiece, but the key here, the forecast, palentier confident enough to promise current quarter sales will be above expectations so the stock is climbing.
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micron technology, not so much. that one is swimming right know you to its worst level, $70.46, its worst level since late december after morgan stanley downgraded the stock to equal weight from overweight so it's falling 6%. they also slashed the price target to 75 from 105, which is $5 below that, the investment firm said the memory chip market is about to enter a downturn. now the fallout hads from that particular declaration is ding ing not just the chip sector but the chip equipment subsector , the makers like applied materials and mks instruments, both are moving lower right now, and it cannot be a good day for billionaire investors mark cuban, backers of metro mile, the online insurance start-up, which offers personalized pay- for-mile car insurance with tailored pricing to drivers. the stock is taking a beating down 8 1/3% right now but the bigger picture is not pretty
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either. miles down 73%, since it went public via reverse merger, back in february. uh-huh, the hot vast summer is actually a winner for bumble. the dating app saw a surge in pandemic era paid subscribers, it also reported second quarter revenue rose 38%. let's go for a 7.5% gain on the stock but as bumble blossoms the nation is facing a flower shortage. droughts, supply chain issues, bankrupt farms and rescheduled weddings all contributing to short supply and fast rising prices. the ceo of 1-800-flowers the company either perfectli'ing ed or in danger of wilting next in a fox business exclusive, i bet he's going to say it's perfectly positioned you'll get his reasons why coming up when the closing bell comes back i told you look at the dow now down just 6 points can it turn positive? we shall see , stay with us.
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jay powell inflation is still soaring, we've got the july producer price index, which basically measures prices at the manufacturing level. that number saw its fastest year-over-year increase in more than a decade, up 1% month over month but look at this. up 7.8% year-over-year. okay i'm sorry that is significant, if you are a manufacturer, even after yesterday's cpi or consumer price index showed a slight cool ing in its pace, inflation at the manufacturing level, experts say, could lead industr ies to pass on higher costs to consumers next time around. well costs are already inflating for the wedding sector after a year of weddings postponed due to covid, a huge backlog is exploding as wedding season comes back into full swing, leading to major price jumps in the flower world. in fact price indexed by the thorns of the pandemic, worker shortages, supply chain issues and western droughts how
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is the flower industry nipping these issues in the bud, like that? nipping it in the bud? this daze it chain of problems, greg my floor director likes that let's get to 1-800-flowers .com ceo chris mc can. cut flowers is a $1.3 billion industry nationwide. you guys are the retail king. tell us what your seeing versus what the rest of the industry is seeing? >> we're very fortunate that as we look at what's happening with the flower shortages, which are a combination of several different factors, because of our size, because of our scale, because of the relationships we have with the farms and the retailers over 40 years that we're in business now, we're able to mitigate the problems that other competitors of ours are seeing. liz: are you saying that because of your breadth that you have worked so long because i want our viewers to know something. you guys have been in business for decades, in fact, you quit
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law school and you and your brother, jim, who we love jim too, that you guys started a single flower shop and built it into this behemoth that because of those decades of relationship s, you're not seeing that problem? >> that's right, liz, because we've put those relationships in , you know, you talk about my brother. he had a montra that you do business second, you build the relationship first, but that always helps you to come around when times get challenging so when the shortages came and when they first really started to hit the market, this past may, on the anniversary of the fact of the pandemic because when the pandemic first hit many of the big box retailer the supermarket, et cetera, cut back on the demand and the demand dried up so then a lot of farmers that were supplying those retailers had to discard a lot of flowers and therefore, they didn't reinvest. they weren't sure what the future would look like and that's bearing fruit now and showing some problems but because of our experience working closely with them we
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didn't do that. we planned for a future where we saw opportunity and we're making sure that we're helping our flowers around the country getting them the access to the same farms and the same relationships that we've had for over 40 years now. liz: okay, so you've mitigated the supply chain issue or the supply issue but have you mitigated the price issue? you've got to be having to raise prices, have you not? isn't that something that you can't truly control? >> we can't truly control it, right, but we can mitigate it and look to see what you can do to handle pricing in different ways making sure we're getting a different quality product to our florist, a different design, perhaps to our florist so that they don't have to pay the same prices that other people are having to pay. keep in mind a lot of this is caused by supply shortage, but so much of it is also caused by freight challenges and logistics pipeline right now, so we're making sure we're working with our vendors like fedex to mitigate those challenges, so
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the last thing we ever want to do is pass price increases on to the competitor, because we're not able to manage it. our job is to manage through these things and make sure that our consumers are there and can still utilize our products to express, connect and help them express and connect themselves. liz: talk to me a little bit about some of your other non- floral businesses. you own harry and david, you guys have the popcorn factory, sherry's buries. i would imagine some of the issues whether it be the droughts or wildfires are affecting the materials or products that go into all of these names. >> you know, once we got into the agriculture business, with harry and david, we learned a lot. we learned a lot last year on how to work with the fires destroyed so many home, homes of employee of ours and then to see the outpouring of support the team does to help out employees get back into their homes, just tremendous, but you see what devastation that could have to an agricultural
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community it's just tremendous and it's very difficult. working again, working with our orchard out in oregon to make sure we have water supply in the midst of the drought making sure we're getting the water we need to supply what we bring to market, so there's so many moving pieces, but i'm so proud of the operations team that we have in place here that is so experienced and you talk about that, liz, earlier. that means a lot. it means so much when you have people that can plan for things like this as best you can. mother nature doesn't let us plan for everything, but you do have contingencies in there you can pull when something happens. liz: well, i hope some of your staff or all of them get paid in stock, because at 2019 you guys were at $11 stock, you're at about $31 now. i'd call that a decent move. chris mccan, great to have you thank you so much. >> thank you, liz, thanks for having me on. liz: anytime. soccer superman switching jersey
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s, lionell messy bolting from barcelona and flying over to france all while adding a pocket full of crypto along the way. wait until you hear how the new team formulated the signing bonus for the greatest of all-times. and if you build it, they will come, and they will pay a lot to arrive. major league baseball about to play on the field of dreams yes the one from the movies in iowa tonight and the price of a ticket could be giving nightmares to fans who are desperate to attend this particular game. we've got a live report with record breaking cost to see the yankees and the cubbies is it? closing bell ringing in 38 minutes the dow trying to turn positive. it is down just one point right now and no it's not the cubbies , it's the white sox could we see a record? stay with the "clayman countdown."
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liz: breaking news, adidas is selling reebok to authentic brands group for up to $2.5 billion as the german sporting goods company moves to focus on its core brand. the stock is getting a 2% bump right now and that core brand, by the way, is absolutely crushing it. adidas has a lifetime deal with soccer super star lionell messi after signing with a few football club. messi joining the team earlier this week and he signed a two year deal estimated to be worth up to $35 million per season, but get what they included in his signing bonus. the french football club its own crypto fan token called psg. reuters is reporting that part of his deal included a large number of these psg tokens which if you buy them, can offer fans all kinds of perks.
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there is a dollar value attached according to coin market cap, the psg token is now trading right up around $42 and has basically tripled since word came that messi was joining the club. taking a look at other cryptocurrencies, we do have, let's see , bitcoin below $45,000 at the moment at 44, 401 , ethererum is down as well but still above 3,000 and litecoin is down and it is at 165. all right, they built it, and everyone wants to come. major league baseball playing its first-ever game in dyers ville, iowa on field of dreams, yes that baseball diamond made famous by the 1989 film starring kevin costner, 8,000 fans are going to be in attendance to see the new york yankees play the chicago white sox and for the first time once-in-a-lifetime experience
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fans are paying up. in fact the average ticket price on the secondary market is around $1,400 a ticket, and one of the people lucky enough to be there is our grady trimble. doesn't that break some kind of record, $1,400 for a regular season game ticket? reporter: this will be the most expensive regular season game for the mlb, liz, and with only 8,000 seats in the stands here at the field of dreams, there's not a bad seat in the house and it is pretty remarkable to be out here on the field right now. a lot of excitement let me show you some of the unique touches at the stadium. so the players are actually going to come out on to the field from the corn in the outfield. you see just above those rows of corn, a manual scoreboard and the players, of course, will be in their retro uniforms, throw back uniforms to pay homage to the old en days of baseball. to give you an idea of the lay of the land here we're maybe 10e original site where the
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movie was actually shot. the farmhouse is still there as well as the ballpark that kevin costner's character built. that field is now used to host little league tournaments one was taking place while we were here yesterday, and we also had the chance to catch up with alex rodriguez yesterday, to talk about what this game tonight means for the sport of baseball. can you tell us what it's like to be here and see the field in person and by the way is it your first time here? >> it's my first time here and an absolute dream come true. it's a phenomenonal thing in major league baseball. i'm actually envious of not only it players playing here but i wish as a little kid i got a chance to play on this field. reporter: and baseball fans from iowa got first dibs on tickets through a lottery system but they are on the secondary market now and liz, you mentioned those high prices. we saw some for as low as $900 on stub hub last night, the cheapest tickets to the game right now are around $1,300 on stub hub, i saw some for as much
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as $10,000. liz: oh, come on. oh, wow. 10,000? i know they're holding back it's a big secret as to who is going to throw out the first pitch, but you know, grady. if they need help, i'm their girl. i threw out the first pitch at an angels game in 2010 to hedeki , right? and by the way, yes it was just a bit outside, but can i just make a point? my foot was on the mound, and i did make it to home late so that was the big threat i got from the head of carriage at fox. he was like don't, there i go, yes that was so much fun. reporter: liz i just got a tax from rob manfred, the mlb commissioner he saw your pitch about 11 years ago and said it was so good if you can make it here in three hours you could be tossing the first pitch tonight. liz: i'm calling kenny of wheels
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up, right now and by the way, kenny is on the show tomorrow of wheels up. they are the one airline company private that's moving higher right now. hey have fun, grady that is a great assignment. reporter: thanks, liz. liz: major league baseball " field of dreams" airs tonight 7:00 p.m. eastern on fox, because fox means baseball and fox means business. all right, lordstown motors stock going for a ride today after saying it's in talks to build vehicles for other automakers and considering leasing space in its lordstown, ohio factory. the stock, down 71% year-to-date , but gaining 2.3% right now, hey we'll take it as more and more electric vehicles roll off factory lines and nationwide network of charging stations has become more critical than ever. the ceo of one of the biggies, blink charging is here to tell us if the $7.5 billion that congress said aside will be
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enough to build it all out. closing bell ringing in 28 minutes, the s&p is up 12, any gain is a record, the nasdaq is up 50, the dow is down just four points. all it needs is a tiny bit of green and that will be another closing record. stay with us. (vo) while you may not be closing on a business deal while taking your mother and daughter on a once-in-a-lifetime adventure — your life is just as unique. your raymond james financial advisor gets to know you, your dreams, and the way you care for those you love. so you can live your life. that's life well planned. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth.
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liz: to you so, look at the dow. turned positive, cp effect i'll give some of that to charles payne, but right? i mean, you guys. liz's army right here, up 4 points that could change obviously, but any gain for the dow is an all-time record if with ecan close there, congress, looking to charge up the electric vehicle industry with an influx of cash. the $1 trillion bipartisan infrastructure deal passed by yes, both republicans and democrats and includes $7.5 billion for an ev charging
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station network buildout, but 29 democratic leaders in the house say that is nowhere near enough they would like to see more, reports say the group wants another 160 billion additional funding as part of the 3.5 trillion spending bill that is currently being crafted. okay, that's called possibly a dream, but enter blink. the ev charging company just reported its second quarter results after the bell yesterday , and while the stock is down right now, about 5.5%, the company has posted a 177% jump in revenue, so, hey they're doing sales here so here to break it all down, is blink charging founder and ceo, michael farkas. michael is that just sort of a dream the 160 billion you can't possibly expect that republicans will jump on that because they are trying to keep that number down but tell me what you're expecting and how much blink could get. >> well we're extremely happy but we do believe that the
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second component is a bit of a dream, although you never know if it'll be actually reality in the future. $7.5 billion is a lot as it is, and we're very excited about what's going on in the marketplace, and we believe as in the past where we've been able to tap into these rebate and all of these other amazing programs that the government has been putting together, we believe we'll be able to participate in those as well. liz: make your case right now. first i'll ask you about what you would say to congress, and then to viewers right now who might not be sold on spending taxpayer dollars on an ev charging network. >> the fact of the matter is it's inevitable that we're going to move towards electric mobility. it's in the benefit of everyone. there are tremendous benefits to driving an ev. i didn't get into this business because i was an environmental it's. i've been in the cars for my entire life literally my
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second word was car. my third was dad. first was mom, but i've enjoyed and loved cars my entire life, and you really have a much much better product and i know it sounds a little bit crazy but we're almost experiencing similarly what happened when we went from horse and buggy to the first automobile. what we're witnessing is the digitization of the automobile. that's powered by electricity and then ultimately autonomy and then we'll have other vehicles that are airborne that are also powered by electricity but the future of mobility is electricity and not only applicable mobility on the ground we're seeing that take place in the air, seeing it take place in the water across-the-board. liz: you saw a 57 t% revenue jump from charging services. you are hiring. be honest, are these good paying jobs because that is part of the pitch that democrats are probably making. these aren't just, you know, hourly job prices. these are quality jobs that pay more. >> well without a question, we
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are hiring. we've almost tripled in the last little while and we're going to keep on growing and it's not only us. mobility is being electrified and it's not just able to be handled by companies such as ourselves. we need government assistance, and this is taking place in other countries as well and we do not want america to fall behind. remember, you know, the go-to-market was really centered for most of history. only a few years ago, now china 's actually beating us in the amount of vehicles produced or consumed on a yearly basis. we've lost that leadership position. how far back we go is another question. i believe that the biden administration and the administration before that both trump, obama, and remember the electrification of the automobile program the first one the $25 billion program that was actually conceived under bush. yes, correct. the money was given out by obama but it was conceived under bush. we need joint efforts by both parties to usher in electric mobility. we're going to pay for it one way or another.
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when you look at the, as i mentioned i'm an auto enthusiast but bottom line is theres real-world benefits for the everyday user. think about what happened during covid when the automobiles were off the roads. for the first time there were cities around the world who do not see the sun during the day who do not see the starbuckss at night, were able to go ahead and see both why? because there are no cars on the road and they decided that's what the they want but we're not going to sacrifice mobility for it. what the we can do is use electricity to achieve the same end result. it's just going to take some time and the governments going to subsidize that and also believe it or not will impact healthcare and other factors and other things we pay for , so it's an investment, without a question, but it needs to be helped both business and government. liz: michael we got to run but i do have to ask you this because elon musk is planning on building out his super charging stations and making them universal meaning any car, not just tesla, could be there. he's also taking out all kinds of trademarks, like tesla charging restaurant because as you sit there waiting, and by
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the way, i just went to my first super charger, i have a tesla model y, and i'm thrilled with it. >> amazing. liz: and it only took me about 19 minutes but there was a little provision store nearby, and all the people who were charging just walked over there and spent some money. are you planning on doing anything like that? >> we have a little bit of a different philosophy in charging than most others. we believe most charging as it is done today, 85% is done at home. we believe in focusing on dense urban areas, where they have no choice but to charge whether it's in the streets or parking garages, multi-use facilities. by the way we do believe in long term travel charging and we have a tremendous program in florida now where we just won $12.5 million by the state to deploy charging stations along travel corridors. we believe in that model but when you look at the future where charging takes place you're looking at 90% will be done at home or at the office and that's really been blink's focus and we own and operate those charging stations where we make money as these vehicles
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fuel. it's not just the sale of hardware, our main focus is owning and operating these facilities, and whether in super charger areas whether there's facilities to relieve yourself or food or whatever it maybe we're not in that business, we're going to partner with those that need the charging infrastructure in their facilit ies. liz: michael farkas of blink. he's hiring you want to go into the next big thing, yes we are evolving. thank you so much. charlie breaks it next on the new covid rules. ♪ 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?
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notice from ceo john stankey. john stankey is now saying everybody at at&t as to be vaccinated by october 11 and just about 20 minutes ago facebook announced it's delaying its plan to return u.s. employee s to their offices until january due to ongoing concerns about the covid-19 delta variant. this does extend to some facebook employees outside the u.s. as well. facebook had previously aimed to return employees to its offices in october, with strict vaccination and mask requirements but this makes this next story all the more important, and as i said, disney 's earnings after the bell it will be about the future outlook. the outlook of disney and again, they and airbnb are coming out in just about 11 minutes after the bell. now, the new york stock exchange has announced it's requiring vaccinations for all its floor traders charlie gasparino is about to break it on the backlash building charlie? charlie: there is a backlash
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here, from the floor traders for another reason and i'll lay them out. interviews that we've had with them, me and my producer, first off, there is anger on the floor with these new rules. i don't think it's so much the rules themselves but how they are manifesting and what some people say is the double standard. some of the traders say is a double standard imposed by the stock exchange. i'll get to that in a minute. first off they're saying they have to pay a floor trader to return to the floor has to be vaccinated, and also, they have to have three times a week take a covid test that comes out of their pockets. they have to essentially pay for the covid test and an top of that get the vaccine. about 25% of the floor traders don't have the vaccine and this is what having taken the vaccine, this is what i think has them the most irritated and they are telling us and i'll tell you the new york stock exchange, we've asked them, they have not commented on it, they will not comment on it.
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they are saying there's a double standard here, as you know the floor traders are the floor traders. new york stock exchange in its building in lower manhattan on the corner of wall and broad, they have new york stock exchange employees, with the floor traders are telling us is that there's a double standard at work, where the employees of the new york stock exchange are operating on what is described to us as an honor system, as to whether they've been tested or even vaccinated. that's not what's going on on the floor, so there's a lot of anger. if we can get clarification on this from the new york stock exchange, we would like it, we are going to write this story up , so they probably should clarify if we're missing something but we're getting this from several traders who spoke with us on the condition of anonimity, and they found out about it, that this new plan was in effect kind of through a grapevine. the new york stock exchange consulted with other people,
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apparently, companies, and maybe investors and who knows who, but they told some of the floor traders so you know in the last couple days it started to leak out what was going on, so it's a little bit of a mess down there in terms of optics, what the floor traders would say is fairness to them, and you know, i think listen, if you aren't vaccinated now and so again, 25% haven't, 75% have, chances are you're probably, you don't want to get vaccinated, it's your position, you don't have a first amendment right or a constitutional right to the job so they can keep you out of working there, so the floor is going to be kind of a lot less people, because of this. not saying that's wrong, just saying what's going on. liz back to you and by the way how man many people work at mcdonald's again? liz: 210,000 at last count, at the headquarters, or at the home offices, the corporate employees. charlie: my bigger point yesterday with our little back
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and forth -- liz: oh, my bigger point yesterday. charlie: you sound like dr. evil but anyway, it's unfair to make, it's unfair to make the workers show up and not the corporate suits. that's all i'm saying. liz: yeah, charlie thank you. we're coming right back, could we see a dow record? we're right there, don't go away ♪all by yourself.♪ you look a little lost. i can't find my hotel. oh. oh! ♪♪ this is not normal. no. ♪♪ so? ♪♪ right? go with us and find millions of flexible options, all in our app. expedia. it matters who you travel with. expedia. we did it again. . .
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♪. liz: oh, my, it couldn't be closer, right? the dow is up just one point at the moment. oh. that was quick. it just turned negative one point. the s&p up 12. those are records. we got less than four minutes to go. here we go with our "countdown" closer. don't be fooled he says by the glitz and "glamour" of momentum or so-called story stocks.
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today's "countdown" closer has milquetoast moneymakers that will give your portfolio real pop. jordan kimmel, chief equity strategist with us right now. what do you mean by glitz and glamour stocks to stay away from. >> you need a point of safety. there is something called price to sales, when the price to sales is elevated you have a lot of hope, good wishes, if anything derails there is a big air pocket before you. we believe in eating well and sleeping well and you need to do both and again the margin of safety and the high-priced sales, they're just not there. we want you to be a little bit more careful. liz: beyond meat crispr, microstrategy, you might turn away from them and to what? you have three different sectors. >> idea you know me well from
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magnet, now with facts we bring in corporate governance as well. the key is, what you really want to do is find companies that trade at a discount to their growth rate, but have revenue, growth and momentum. liz i'm not talking about sitting it out, playing it ultrasafe. we make good returns. but if you don't have the margin of safety, you're in trouble. every company microsoft, broadcom, they're all leaders in their industry. they have a combination of things. growing revenue, growing margins, growing cash flow, good corporate governance. also importantly institutions are piling in so an individual gets air behind their wings. liz: okay. you know you're looking at names like microsoft. calling that milquetoast? it has had been incredible three month run we're looking at right now. >> not milquetoast. i talked about with this company
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years ago. everyone wants to talk again about the "fang" stocks and there is a place for fang. microsoft is in another category. price to sales, price to earnings, price to cash flow is different. so i think there are companies right now at super high multiples. i'm not saying they will not work out in the long run. i just feel like you can have a margin of safety and get great returns that microsoft and our other portfolios look like. so we don't have laggards. you're not sitting around waiting to go off. everything has momentum but it is a garp process, growth at a reasonable price. not growth hat a hopeful price. too much hope right now will get you into trouble if any liquidity dries up. liz: jordan kimmel. jordan and i go way, way back. we've seen many a record close. many a dumper of a session. looks like today, three records
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in a row. s&p 500, there we go. it is a gain of six but we do have to maybe just put the caveat in there that we are not exactly sure because this could settle too lows close to call. [closing bell rings] it is a record for s&p 500. disney earnings after the bell. same for airbnb. we have wheels up tomorrow. don't go away. ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. so, as we've said time and again, does anybody in their right mind believe that with an economic boom, a jobs boom, a consumer boom, an inflation boom, a stock market boom, that the right fiscal policy is to spend another six trillion dollars? does anybody really believe that? and does anybody in their right mind actually believe that with a three t
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