of this economy. at the same time, home depot is actually a love story for me. i'm a big fan of home depot, and i do think that the consumer -- charles: [laughter] >> it's true. charles: we got to leave it there. i mean, listen that was the best i've ever heard an analyst day, it's a love story that says it all. nicole, francis, thank you both very much. liz claman, we're getting a little momentum in this last hour of trading which of course we know we're going to hear from the president. liz: yeah, i have a love story with hershey stock. it's a chocolate thing and yes, indeed. charles we are going to hear from the president breaking news the situation in afghanistan is deteriorating at light speed, for some 10,000 american civilians stuck on the ground in afghanistan at this hour, as the taliban nearly completes its takeover, this scene on your screen at the airport in kabul speaks volumes. afghan citizens trying desperately to find a seat on

any flight out of the nation, under siege, grabbing on to airplanes, desperate to simply flee. we've just gotten these satellite images in of the shear numbers of people rushing to the airport to get out. the u.s. is sending another battalion from the 82nd airborne to try to secure the airport and evacuate those american citizens , and afghan allies. president joe biden has been briefed on the situation, the taliban releases prisoners from lockup, and begins going door-to-door to seek retribution against any citizen whose have fought or worked side by side with america in its longest war. we do expect as charles was saying to hear from the president in 44 minutes we're going to take you live to the white house when that happens, but at the moment, markets are on the move. they have just sit session highs the dow and the s&p if they can hold any gain at all let alone the 31 points for the dow or one or two points for the s&p that will be a fifth straight day of record closes.

we should also mention bitcoin coming off an absolutely wild sunday during which it topped 48,000, and while it is backing off a bit right now, star crypto investor anthony pompliano is here in a fox business exclusive and he has said bitcoin would double in price this year but what about dogecoin and ethererum and xrp? we're going to ask him point blank about those and get his view on why crypto overall is waking up big time. plus, rise in covid cases, inflation and supply chain issues hitting retailers hard. we're going to ask heathen allen ceo how he's been able to keep his furniture giant immune at least in the most recent quarter but we begin with this breaking news on the markets. while they are higher seem to be in somewhat of a holding pattern as investors and traders await president biden who just made a rushed and early return from camp david to address the nation while the two major indices, dow and s&p are higher, and the

nasdaq and the russel are slightly lower, let's take a look at the vix or fear index. it is on the move reflecting some jitters surrounding at what this hour is nothing short of a humanitarian disaster unfolding in afghanistan. we do have the vix up about 6% it had been higher earlier but if you look at the one week chart of the vix you can see that pronounced spike to the right hand part of the screen. that was around 6:00 a.m. eastern time this morning, the anxiety also being propelled , aside from that horrific scene we're seeing in kabul to the fact that we are less than 24 hours away from the very number, the data point that could make or break whether the federal reserve moves an announcing when tapering of those stimulative bond purchases might begin that number retail sales for july, outcome morning the expectation is for a drop of .2 of a percent versus a gain back in june of .6 of a percent and that's not the only news to hit the sector let us get to the floor slow, we

have strategic resource group, and trader scott bower. this week, major retailers will be hawking their quarterly results starting tomorrow with walmart and home depot and followed by major names in pet care and apparel, t. j. maxx, target, tapestry, all sort of ends of the spectrum when you're talking about high end or low end or discount. then you've got the pressure on the fed to announce a date to start reducing at least some of the 120 billion a month of stimulus put into place at the height of the pandemic, but if the consumer faulters in july, might they hold off, bert, what do you think? >> liz, as you referenced so well at the top of the show, the world's in crisis, and when the world's in crisis, retail and consumer and gross national products in crisis as well. the only safe harbor when the world's at crisis is food retail and food-related stocks and as you wisely said it's an

intuitive intelligence winner that you always are, hershey is a great place to be, always is, always will be. liz: yeah, and we're looking at retailers in the green here, home depot, target, bj's petco, walmart. bert, is there a particular sub sector of apparel that you think might outperform no matter what the numbers are in earnings this week which by the way 86% of the s&p 500 that have reported have beat and that's everybody, so the numbers have been very good for this most recent quarter. >> liz to your point, the best intersection of food and casual fashion is target, which has been reported record breaking earnings, and will continue to do so this week. the other common denominator as you referenced, petco will have strong numbers, target as well as the wholesale clubs, bj's wholesale club reporting on thursday, and then also, costco, a bit later but

you want to be in the super center stocks, the wholesale club stocks, the category dominant stocks and you always want to bet on liz claman's winners that had the best leader s. the home improvement stores will be a major winner, this quarter and the fiscal years to come with the great leadership team both at corporate and across the country and with tony herst in canada too. liz: well, you look at all of those names, scott, that bert has just put out there, and the plethora, the big choice that we have, is definitely encouraging considering where we were a year ago, but what with the landscape, current, right now and the president expected to speak again at 45 minutes after the hour, so we are under that right now, you've got to tell me whether you think a short-term correction is in play if there's anything that spooks the horses here. >> you know, liz, it is awful as this situation is, i think the bigger concern for consumers

quite frankly is what's going on with covid and the delta variant and how much that may keep people away from shopping retail , not so much online, but at the brick-and-mortar stores, so the walmart, target, costco, yeah, those things have been flying. i love them, but i believe they've gotten a little bit ahead of themselves, so i still like a couple of the discounters , and i'm looking at first of all, tjx. i love it because they have not rallied as hard as many of the other retailers, plus, back in may, they came out and actually upped their guidance for the year, so i think that's one that could go to the upside. i loss like ross stores, rost. that one has rallied and technically it's down to its 50- day moving average. one of them, one other retailer that i really really like and it's not a discounter is dick's sporting goods, dks. now that people are back to as

much as normalcy as we can possibly be back to even though there's that threat that maybe we're going to pullback people are still buying all the outdoor activity types of items and really think dick's is one that can really flourish going into the fall season. liz: okay. well, as we showed everybody, it is a packed calendar for retail names across-the-board, bert, scott, wonderful to have you, thank you, again folks a very busy session here, we are eight minutes past the hour, we've got this fox business alert we need to get you some breaking stock stories. sono shares are surging after winning round one of its patent battle royale with google. the audio speaker maker is claiming a big victory against a tech titan that google infringed on five of sonos tech patents and the preliminary decision pumping up the volume by about 7.6% google still denying it uses any of sono's tech and is viewing to make its case in the

next round google is flat on the session right now. oatly though, the vegan milk maker, don't call it milk but we're calling it, it has an 8% gain on section highs on an up beat revenue forecast but its lost all of that and more down 2.6% in what could be a case of reality setting in. shares of the oprah-backed firm turning a little sour as investors grapple with the operating losses in the second quarter, so we have o atly standing at $16.42 and then t-mobile is under pressure as it investigates a possible data preach that may have compromised the private information of the telecom giants more than 100 million customers. the alleged hacker told mother board they had obtained millions of customer's social security numbers and driver's licenses via t-mobile servers so t-mobile pulling back by 3% right now and tencent music

suffering not one but two massive blows ahead of its quarterly results. reports say the china-based companies planned $5 billion hong kong ipo could be on ice until at least next year, due to the chinese government's recent regulatory blitz on its homegrown tech titans and if that weren't enough, revelations that george soros's fund has exited its stake in the music streamer sending shares to all-time lows we are pretty much at the lows of the session here losing nearly 9% to $8.93 again that's tencent music. soros is hanging on to another chinese name and that is didi as he leaves uber by the side of the road, the billionaire investor also checking into airbnb but the move is not helping any of these names at the moment. airbnb is down about 2.5% on covid fears that are weighing on pretty much the entire travel sector, you've got didi down 3%, uber lower by 2% at the moment in the red. billionaires igniting a new surge in dogecoin trading, as

the famed meme coin popped, bitcoin barks its way back above the $2 trillion market cap, legendary crypto maven anthony pompliano i s here on a fox business exclusive on where he thinks the crypto craze is headed next, which ones will continue to rise and which ones will fall and maybe even collapse. we'll ask him. with the closing bell ringing in 49 minutes, we are awaiting president biden, whom we're told will face the cameras and some tough questions about how u.s. intelligence could have gotten the situation in afghanistan so wrong. the "clayman countdown" is coming right back, don't go away we've got you taken care of, sgt. houston. thank you. that was fast! one call to usaa got her a tow, her claim paid... ...and even her grandpa's dog tags back.

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liz: all right, under normal circumstances, bitcoin topping $48,000 over the weekend be major news, and it is, but bitcoin has to share the headline space with the entire cryptocurrency market , which thanks to multiple coins rallying did peak above $2 trillion for the first time since mid-may as a job posting by an old school blue chip

company indicates it too might be ready to explore crypto. top investments founder and crypto bull, anthony pompliano joins us in a fox business exclusive, welcome to the show. let me get the macro picture through the prism that you look within. what do you see driving this broad based crypto rally in the last 24 hours? >> yeah, i don't focus so much on the day-to-day kind of price movements. it's obvious that the entire industry is highly volatile. i think the bigger story here is just the kind of multiyear long term trend, which is investors really don't have anywhere else to go. you've got cpi at a 30-year high you've got a core inflation number or i'm sorry cpi is at a 13-year high, core inflation 30- year high, fed balance sheet all-time high, s&p and dow keep hitting all-time highs and the markets are being manipulated so when you have keep cheap capital flooding the

market people push farther out on the risk curve, so they find a home in the crypto industry in general. there's a bifurcation between bitcoin and everything else. bitcoin is separating itself as a global store of value, and so what we're ultimately watching is the contraction of the gold market cap at the same time that bitcoin's market cap is being re priced by global investor base it's a fascinating time to be paying attention to the global markets. liz: yeah, and then of course, our gold bug in front of the show, peter schiff would go parabolic at that comment but i do want to bring in the fact that bitcoin is slightly below 48,000, at 46, 350, you'd said that bitcoin has the potential to double in value this year. can i get your thought on dogecoin, cardano, ether, if you had to pick one of those or two or three that could double, can you pinpoint one? >> yeah, i mean it's kind of like asking the stock investor who says hey look i focus on saa s software to talk about

consumer software or healthcare , or any of the other sectors. i tend to think that there's people who are much better kind of situated and spend a lot more time on it. i just focus on bitcoin, a lot of that i think is driven by the fact that it has very unique properties compared to many of the other assets, it's by far the most decentralized and the most valuable and one of the things that i think most macro investors are kind of traditional wall street investors find fascinating is when you compare let's say me to the kind of furthest out on the innovation curve of crypto investors, i'm actually overly conservative. i have a majority of my net worth in bitcoin and to a legacy investor they've seen that is crazy. that's high risk to them, but to a crypto investor, that is highly conservative, and so i live at the intersection of these two different world's, where the kind of average crypto investor they literally call bitcoin the boomer coin but to me it's the thing that is most likely to be durable over a 50 year period and the thing that

protects my purchasing power the best. liz: oh, bitcoin is so old, it's the boomer coin now, i mean, i've seen it all at this point so you've got to tell us, anthony, when you see that there are certain issues on the horizon, such as regulation, how do you see that sort of shifting or causing any kind of earth movement underneath whether it's an earthquake or just a tremor because we know that sec chair gary gensler last week sent a letter to liz warren , the senator from massachusetts, and in it, he warned pretty dramatically that investors are not protected in this current environment in the crypto world and in fact, we can put up exactly what he said, and it was pretty specific. he said investors using these platforms are not add it request ly protected regulators would benefit from additional plenary read, total authority to write rules for and attach guardrails to crypto trading and lending. i get , anthony, that he wants to ring fence any problems, but how do you foresee that playing

out in the entire crypto space? >> yeah it's a great question. i think that one of the things regulators, investors, market participants and also politicians have to be careful of is kind of painting an entire industry with a broad brush and what i mean by that is i think everyone can agree they don't want crypt internationals, they don't want terrorists money launderers participating in these markets so it's a commonly held belief. the second thing is that if we have an honest conversation, most of the crypto businesses are actually overregulated compared to traditional financial companies, so for example, in new york city, the financial capitol of the world you actually have to get more licenses to operate a crypto business because of the bit license than you would if you were just a regular fintech company so from that standpoint it's a little bit different. and also when you look at the usage of these assets, if i go to dinner tonight and spend u.s. dollars, i simply pay sales tax and the price of the meal, but if i was to use bitcoin which is a digital currency, the

irs treats it as property so i not only pay the price of the meal but sales tax and capital gains tax on it so more regulation, more taxation on these assets so that's kind of a second perspective. the third perspective is that there's a whole sector of an industry that is somewhat new , right? when you start to add in protocols or decentralized entities, you can't ask them to do the same things that you would ask kind of a centralized human-led organization and i think what regulators are trying to balance is they want to encourage innovation. they want to encourage economic productivity and jobs in america they want to be a leader on the global stage which is all good but they are trying to balance that with how do we take the existing laws and apply it to a new industry. liz: you just talked about this concern about all kinds of money laundering et cetera. that is specifically what the sec is worried about, regarding stable coins, the coins that are supposedly $1 for $1. i mean,

this as the #dogecoin one for $1 is trending and so i mean, i'm just wondering, do you think that stable coins will be stable , or here to stay or are they going to be regulated into oblivian? >> it's a fascinating question when you think two separate components so if you take bitcoin which is a fully transparent decentralized system it also has a transparent monetary policy so i can go and look at bitcoin and tell you exactly what the past monetary policies have been, i can tell you what's happening in realtime and also the future monetary policy decision and then take you to the blockchain and show you every single transaction that has ever occurred with bitcoin, beginning in january 3, 2009 up until today so this fully transparent system is much more superior to the existing financial system so when people are calling for transparency, more accountability in the financial system they should be the biggest proponents of something like bitcoin. stable coins incorporate some of the same exact thing.

they don't have decentralization and censorship resistance, but they do have a number of these kind of public ledgers. things where you can actually track the flow of capital and so that brings both positives and negatives, you can imagine a financial surveillance kind of increase or encroachment of people's individual rights or liberties as a concern, but at the same time, it really allows law enforcement to crackdown on criminal behavior, or some sort of money laundering et cetera. so i don't know what the stable coin data is but bitcoin specifically, former cia director, also a company within the space, they have both done pretty lengthy papers and what they show is that less than half a percent of all transactions are nefarious or malicious so i think generally you've got an industry that understands hey , this is all being done on a public ledger and bad people doing bad things with their hands-on a keyboard is likely not to be pretty good for their prospect of staying free. liz: yeah, and are people forgetting decades of the u.s. dollar being laundered by drug lorder? anthony, us great to have you,

okay bitcoin boomer, all right that's a new one. we appreciate you coming on, we hope to see you once again as this is very much a growing, growing sector that we are very interested in covering for our viewers thanks so much. >> absolutely thanks for having me. liz: anytime. it hasn't even hit the road yet, but one company already is making a unique custom buildout for tesla's cyber truck , so cozy, you could, i don't know, live in it? we're going to show you that, and get you the breaking tesla news, when the "clayman countdown" comes right back, we are about 23 minutes away from the president expected to speak on afghanistan, the dow just hit a new session high of more than 62 points to the upside, please keep in mind its low of the session was a loss of 283, so we have had a pretty dramatic swing, we're coming right back, with the "clayman countdown." don't go away.

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liz: production of the ev elon musk says he loves so much because it looks like it was designed by aliens maybe delayed but one company is already hacking the tesla cyber truck into a whole new game changer. ai start-up streamit has spent the pandemic year reimagining the cyber truck into the $50,000 cyber lander, a mobile tiny home the company says could turn the rv industry on its head. the cyber lander which attaches to the back and then compresses to the cyber truck has already gotten a thumbs up from the tesla ceo who when he saw it last month called it "cool" and nearly many agree, clearly more than $80 million in pre-orders have already come in for the cyber lander. that cool factor, not at all in play at this hour for tesla shares, all day long the ev maker has been hit hard down 4% at the moment after the national highway traffic

safety administration confirmed it is now investigating tesla's autopilot feature. the probe coming in connection with 11 crashes since 2018, including one that turned deadly involving emergency vehicles that were struck by tesla cars and most of these issues did happen after dark, again tesla off the lows of the session but still down 4.25% or $30 and change. and let's shift over to take a look at shares of robinhood, they are also down 5.5%. remember a rally friday on a charlie gasparino tweet where he broke the news, that its payment for order flow business model was thrown a lifeline in congress, now, we're finding out more about just who was behind that move, and why. charlie? you got me interested. tell me what's going on. charlie: by the way, liz you're pretty cool too, by the way. just wanted you to know that. [laughter] we do have new details on how the house financial services

committee backed off a ban of payment for order flow. now payment for order flow, what is it? it's a sit employee where robinhood, if you trade through robinhood or charles schwab or whatever they sell their buy and sell orders to third party brokers like citadel and they get paid a commission nor for that. that allows them essentially to allow you to trade for free, it's the discount because that sale is paying for it so people like gary gensler say there could be funny stuff going on with that practice trish: so now there's been major pushback and what's interesting is my producer and i did a deep dive into this following our report on friday. here is what we found, and we published a story on foxbusiness .com which is up right now. you can take a look at it. in may the financial services committee led by the democrats remember maxine waters the democrat from california who runs it, a guy named brad sherman a ranking member was pushing for a complete ban in

may we actually saw the proposed legislation. miraculously in about a month time or a little more than a month time, it turned from a ban into something like let's study it and possibly study a possible ban, and why did that happen? and i've never thought that payment for order flow be a political issue, but it suddenly has become like up there with taxes and regulation for the republicans, payment for order flow has now become an issue that republicans are starting to rally behind in these sort of financial, in these sort of committees that deal with somewhat archaic financial issues and why is that republicans were essentially convinced and i would say by robinhood and, you know, research, that if you got rid of payment for order flow, if you somehow forced robinhood to direct all the trade to the new york stock exchange for brokers, you would actually be increasing the cost of trading for average people, and average people, the

trading has now been democratized now, its never been cheaper or easer to trade than before, we know from research more underserved communities minorities are now trading and one of the reasons why they are trading is that it's easy and it's cheap, and robinhood made that case to the republicans. the republicans, from what i understand it resonates with moderate democrats and presto, you don't have a ban on payment for order flow, even the legislation. the legislation we have now, it's even unclear, nancy pelosi is going to, you know, introduce it to the full house, so it's very interesting, it's a very big boost for robinhood's business model i know they are off today. the stocks are off for a lot of reasons. it's also problematic for gary gensler, particularly, he's the sec chief because he's been negative on payment for order flow, particularly if the republicans take the house and the senate because those oversight committees all of a sudden are going to say, you know, you want to ban it through a straight party line

vote at the sec we're going to give you, he can have real problems on the hill if he does that, so i never thought i'd say it, liz but payment for order flow has become a gop issue and a contentious partisan debate is erupting on something that no one even really heard about not too long ago but the general public. liz back to you. liz: yeah, i know. you know, interactive brokers is giving you a choice now. i don't know if you've seen that but that's a company that will either let you trade for free and you got to submit to payment for order flow, and let the chip s fall where they may, or pay a slight fee for each trade and then you get to, i guess, search out the best opportunity, but -- charlie: good that sounds reasonable. that's reasonable but i'm just saying. liz: just like you, charlie, reasonable. charlie: [laughter] there will be people who disagree with that. liz: some say. charlie gasparino, thank you so much. have you guys been waiting so

long for a couch, bed, that you forgot you ordered it? ethan allen ceo is here on what he believes supply chain problems and shipping nightmares for furniture could finally end and the fall of afghanistan has turned deadly. nighttime descending right now as thousands flood the airports to escape the taliban, the scene s playing out right now as the president prepares to face the american people. his comments coming any moment, live from the white house, with the closing bell ringing in 25 minutes, the dow gaining 66 points, s&p up 6, the nasdaq still struggling but well off the lows. it's down 40 and it had been down 212. please don't go away we're coming right back. as someone who resembles someone else... i appreciate that liberty mutual knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need. [ nautical horn blows ] i mean just because you look like someone else doesn't mean you eat off the floor,

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♪♪ ♪♪ ♪♪ liz: new york city covid-19 proof of vaccination mandate begins today requiring employees and customers to present, obviously a card or proof, that

they have been fully vaccinated before gaining entrance to all in door restaurants, bars, gyms, and entertainment venues in the nyc area and while a handful of locations have already embraced the new regulations, other indoor spots are gearing up for a bit of a fight. high end furniture maker ethan l a en just reopened its popular n yc location along with its 250-plus stores that were shuttered at the start of covid, requiring masks be worn for both vaccinated and unvaccinated customers. let's bring in ethan allen ceo f aruk. great to have you back, talk to me about the transition and different rules that each state seems to be implementing or not >> yes, liz, first of all good to be back on this program, and this last year has been a challenge. we are a vertically integrated company and we have manufacturing in vermont, we have manufacturing in south

carolina, south of the border mexico, honduras. 75% of our products are made in north america so our logistics networks, we deliver the product products in what we call white glove service to our clients all over north america. then we got retail so we have to manage all of these because it's not something that people are just looking at the office, they can look at home. they've got to be there. in terms of our retail, the great thing has been that our designs have enabled interaction with clients both physically and with technology. if we didn't have that technology, i do not know what our business be today, because 75% of our products are custom. it's not something that people come and just buy what we have in stock. so what we really have to do is we have to manage all of these, manage our manufacturing, our logistics, we have 1,500

designers, and fortunately, as i said, work-from-home, they work from our design centers, they work with technology, and, you know, you also mentioned about the issue of service. it really has been a challenge, because and for us, just imagine if we had, did not have 75% of the products made in our facilities. today, 35% of our products are made offshore, and we are now waiting for containers, where the price of a container has gone from $2,000 to $24,000. liz: oh, my gosh. 2,000 to $24,000. let me interrupt you there, faro oq. this has been a situation that many retailers are dealing with but to think that these container hips ships are able to charge so much and we have such a difficulty with the supply chain, we know that the la ports , at least some analysts have told us right here on the "clayman countdown" that they expect this to be worked

through by march. when do you see this working through? >> yes, i think that most likely is the right kind of a timeframe as i said, fortunately , we are, dependent on about 35% of our products from offshore and right now, we have about 250 containers on the water and 250 containers to be loaded and we don't have containers. fortunately for us, 75% of our products are made in north america, a great big advantage. we've also had, you know, also had challenges. the one thing that first we closed everything and then when we opened up, you had tremendous demand. but we are making a lot of progress. liz: we are awaiting on the president so we do have to quickly wrap, but i wanted to ask you, because i have followed your company $600 million market cap. 2012 the stock is pretty much where it was in 2012.

what do you say to investors who have been waiting for this stock to breakout and not be, you know , if you invested in 2012 it's not really moved. >> what i would also tell them is this. we just announced under a special dividend we have given out $600 million dividends. people who invest, i mean, today , even today, the yield that people get on our dividend, that's on a regular dividend is about 4% than when we add the special dividends. this year alone, we have given $ 1.50 special dividends in addition to our regular dividend s so what's the stockholders, our stockholders are looking at long term. they look at the fact that we generate, fortunately, a lot of cash and we return that to our stockholders. liz: well, i appreciate you speaking with us on that point, and on the point of supply chain log jams because that has affect ed so many people.

farooq kathwari please come back of ethan allen, thank you so much. >> thank you, liz. liz: president biden as we said is expected to speak before the american public at any moment from the white house. the efforts right now to evacuate the thousands of american citizens still stranded in afghanistan, along with the thousands of afghan allies who are desperate to flee as the taliban reclaims power at lightning speed in the embattled mid-east nation. we'll be bringing you those comments live as soon as they happen they will be the president's first since this disaster began unfolding. dow jones industrials up 61 points we have the russel 2,000 down 20, crude oil, lower by about a buck. we're coming right back. as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold.

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liz: breaking news, what will president biden say in his first address since the collapse of afghanistan government and military, one the president and members of his cabinet had assured americans would not happen. he is expected to speak in the east room of the white house at any moment. we are just being told that reporters are starting to move into the east room to assemble to hear president joe biden set to discuss rapidly-deteriorating situations in afghanistan, and this should, as we said, begin at any moment. we will take it the second it happens, but right now, we are getting reports that the u.s. , this number keeps changing, will send 1,000 additional troops to aid in securing kabul's airport. some media outlets have lost count, are we at 5,000, or 6,000 additional troops? america's longest war cost the lives of more than 2,400

soldier, sailors, airmen and women with u.s. tax tax taxpayer s footing the nearly $1 trillion bill. connell mcshane is following every development overseas at this hour and we know that it's 8.5 hours ahead in afghanistan, darkness has descended and who knows what else, connell. connell: its been a chaotic day no doubt about it and towewethet rein m ig looks looe likik 'll u u u u u,000 u t t with raat 100,0ddit,0iooingoioi onra. rae raet ting ati atl l a l idprightpr sigayprigpr aigigewit situatiotu ontutuundro fdrom f etaaaa pnts, tntha waent s a a a aroun ayy thehite hite ushreouhrpeakerosi'el offi ar lierarodndayoday her efff p toihe p toihe presidesid wan it h wantsants ttso too firs of all tresidere notnolingnolinono ent ent ahi deca offlict inn ghanistais e hel say. they vth tthhiasasasas ail,, th wldn't fight f f f thse so, that is point number one.

the other point, the administration viewed the fall of kabul as being a possibility if the u.s. pulled out, so to some extent they are saying yeah, we did see this coming but they are emphasizing they saw it as a possibility, not an inevitibility. and one of the other things that we should look for today is that the president will vow to hold the taliban accountable for to not allowing afghanistan once again to become a safe haven for al qaeda. if he does he will promise consequences, but that's what was in those talking points passed around on capitol hill earlier today after this day of absolute chaos as we've seen in kabul with this video coming in from the airport, you know, you've seen people just clinging to this airplane, literally trying to jump on and, you know, with u.s. air force planes leaving the kabul airport trying to jump on and evacuate along with u.s. citizens and others on the planes but u.s. troops killed at least two men from an earlier report, things got so chaotic and we've had reports of taliban gunmen roaming in the terminals there and these

afghan citizens again trying to flee, so it has been some day, some scene in president biden cut his camp david trip short by a few days arrived back earlier this afternoon at the white house, so now we wait for him, in the east room, it's the first time he'll speak since the fall of kabul really the first time we've actually heard from him on this subject in any way, in six days. there was a statement over the weekend first time he's spoken about it in six days we've been looking at the financial cost of this war today in some detail. no matter how you look at it there's a lot of estimates but it's approaching $1 trillion over 20 years to put it conservatively 978 billion, far more if you work in the interest since all this was paid for on borrowed of course 2,448 u.s. service members also losing their lives in afghanistan so next up it's president biden on what we do next there, as the criticism over his actions and the last week, those have been coming in quickly today. particularly from capitol hill, the senate minority leader mitch mcconnell said the administration couldn't plan a two car funeral and instead

president biden wanted to get out of afghanistan he should have at least planned it calling what's happening on the ground there today a "utter disaster", liz? liz: yeah, well he's not the first president who wanted to get us out of there, president trump did too but the way that it has been done and the intelligence failures, pretty historic. connell mcshane thank you we're looking at record closes we're coming right back. don't go away.

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♪♪ ♪♪ ♪. liz: we're three minutes away from the closing bell, records ahead for the dow, the s&p. i want to bring your attention to apple. apple is on pace to close above $150 a share for the first time ever. you have got it at 150.99. flip it over to roblox. cratering as it gets set to report earnings. the make your own, create your own videogame has been a high-flyer. we know housing has been

superhot now, ryan. you have a pick not only for a homebuilder but the furniture company you say will fill the house and your portfolio. tell us. >> sure. thanks for having me on, liz. yeah, home building obviously there is a lot of worries out there when it comes to costs, labor costs, lumber costs. kb home fits exactly in with where we look in the mid-cap space. it is a company that is growing earnings. it has been around for a long time. it has got momentum in the stock price. we look at a longer term time period, not just the last month or two. we've owned it about a year that has done pretty well for us. the other two companies in the portfolio we continue to like as well are companies that show earnings growth, they show momentum and they're at a good valuation. we look for all three of those. that would be big lots and as well as williams-sonoma.

liz: let me cut in here. we have about a minute left, ryan. we're waiting on the president to speak. give me your macro picture for the markets. records abound. how long does this go on? of course the fed, we're getting minutes on wednesday? >> we think there is still room to run. what is driving the market higher are fundamentals. we entered this year with a certain estimate for the s&p 500 that estimate has gone up 25% since the beginning of this year. this market rally this year is based on fundamentals, companies earnings are getting better. if we look at you know, across the board value is beating growth. we have companies and sectors that have done poorly last year, that are now catching up this year. we think that probably will continue as well. liz: ryan kelly. he has about four billion in assets at the hennessey funds. we thank you very much. as we come up against the closing bell, we put in confetti for the dow and s&p.

they opened the week at report highs. the 49th of the year for the s&p. 35th record for the dow. "the claman countdown" is finished for the moment but larry kudlow is next. he will have all the breaking news and the president's speech. [closing bell rings] >> hello, everybody welcome to "kudlow," i'm david asman in for larry kudlow. neil: i hope you can stay until after the president finishes. the talking points comb from pell lows's office. the administration knew there was a distinct possibility that ka