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tv   The Claman Countdown  FOX Business  August 23, 2021 3:00pm-4:00pm EDT

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delta cases what the set up is going to be that's why i'm extremely bullish for september were gonna be in a decelerating gdp environment for the next two quarters i would take that rally they were going to see in my opinion and take it as an opportunity to take the high risk off the table and set that up for next year. charles: we have to leave it there, we have to leave it there. eddie and danielle, thank you both very much this is what you call a rally and then handed over to liz claman. liz: were looking for the fear factor usually you can find it but it's nowhere to be found on wall street as a kickoff the final trade, you can tell when the fear index goes down and yes it is dropping eight half% right now as investors are buying stocks, overseeing a very broad-based and strong rally, the s&p 500 and the nasdaq
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haverty hit intraday records, there there right now oil is about to snap a seven-day losing streak with a rally the lesson we haven't seen in five months bitcoin touched $50000 per coin finally after it's not gotten there for a while in this as pfizer gets a word of support from the fda approval of the coronavirus vaccine, today's market enthusiasm right up and down the screen doing nothing to free the massive bottleneck of the nation's port, support of long beach executive director is here in a fox business exclusive on the skyrocketing prices that is costing to move huge containers of goods from china to the u.s. and how it could impact the holiday shopping season and stocks you might own. apologies to mark twain but reports of retail's demise has been greatly exaggerated the ceo of the center is here in this
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fox business exclusive in his stock is telling a healthy story, alive and kicking, were kicking the week off with 50 shades of green, take a look at the big board the dow, the nasdaq and s&p are firmly higher with the s&p 500 and the nasdaq hitting all-time highs we have the dow up to 69 and s&p better than 45 and look at the nasdaq the biggest percentage jumper of 1.6% or 243 points, oil snapping a seven-day losing streak the longest for the commodity in two years by the way oil is giving a boost to the energy sector which is the biggest winner on the s&p 500 right now, let's look at some of these names, apache, diamondback, energy, marathon oil all helping to drive the markets higher at this hour the biggest mover apache by eight
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full percentage point, even crypto currency of very much taking part in today's rally, bitcoin as we mentioned late last night finally breached the ceiling of 50000, but still up on the day were not there 49389 of $268 with an hour left to go to theory him also firmly higher but here's our question are today's 50 shades of green going to turn slightly purple or red when the federal reserve clinched its way back into the party what is it going to do the punch bowl ahead of what was supposed to be the big jackson hole speech the two greats got there with us scott radler and scott babler it is now going to be virtual but scott radler let me start with you what are you seeing this is a strong technical rally a lot of ceilings are being breached not just bitcoin but what are you interpreting from the numbers that were seen. >> there's something for
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everyone here, what you odyssey last week thursday and friday when s&p held above the 50 day and on friday when it took back the 21 day it absorbed the faulty 80 and when you heard the jackson hole virtual people thought they're not going to accelerate the taper because the word was they would accelerate the taper they would go from december taper which everyone thought was priced in at 15 billion and all the sudden they're going to september the 20 or 30 by doing virtual, they're not going to shake it up, that's why you had the relief rally on friday and today you're getting a broad-based move stocks like nvidia google making all-time highs people like to trade that in the value names counting like lds in the energy names that you mention in the stocks on the way to the all-time eyes and facebook and apple and there's a lot for traders minimum jackson hole
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until thursday or friday, a lot of time between now and then. liz: scott bauer let me get your voice and hear and we do know jay powell obviously ahead of the federal reserve is going to say something, we have had very strong data were looking at friday's absolutely stellar in advancers beating decliners on a margin of 52 to of tapering or relieving the huge bond purchases, on the other side you look at the ten year yield and wondering what liquidity is there because were being told that liquidity is lousy. >> liquidity has been lousy, there's a few reasons for that, historically is typical in the u.s. and august and a lot of vacations and that is become more common, i don't know i buy
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into that, i think it's more because of the uncertainty surrounding what power and we know that the taper is coming december, is it going to be sooner or little bit beyond that, it's got everybody puzzled, it's got traders, investors, economists, puzzled as to what they're going to do that is really feeding in to a little bit about liquidity in the bond market right now in terms of the overall market, i really think what is happening, why we see green across the board, this can certainly change, the market has accepted tapering, regardless of its in three months or six months, that indecisiveness, that confusion is now gone, the market does not like incisive news so i'm not saying we can't back off from here, what i am saying especially as you alluded to with the big lean down eight or 9% today, by some protection
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here right out the wave but by cheap protection. liz: i do have to say that scott bauer is saying the market is ready for tapering, you never know, the minute they even talk about it, you could see every action there spasm with the market, could you not and on top of that i don't want to let you go before getting your thoughts on what's going on with crypto currency, your paypal coming out and saying it is extending its paypal wallet where you can buy, trade, hold, and the united kingdom we are to have in the united states paypal putting a nice pillow underneath these numbers with bitcoin what you see as the tantrum the likes of what we seen a couple of years ago. >> i think if they come out and all the sudden september, we will get a taper tantrum, the
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street was ready for december but we start to have a bit of anxiety and will look forward to september. i think one or two or three months, there is a difference, i think traders will listen to that, at this point i don't think he's going to throw a curveball in september at, i think we will see a lot of the same meaning sector rotation, different sectors taking the baton that are strong, weak and we've seen in the financials and big tech in his first crypto it's been fantastic, the crypto counter all-time highs because it's been very tradable, the stock market has been tougher, technically bitcoin was 20000 in december and a cell signature at the shoulders and may and it gave you a buy signal in july 20, wanted to get the downtrend in traders have a lot of fun treating bitcoin, theory him has been all coins going nuts like eda which is car down no, there is a lot of them but you have to follow the
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technicals and long-term be able to take some pain. we see companies like paypal start to accept it like you said more and more companies are embracing it, institutions have to start buying it so there has been a bit but there's a time and a place a little scary not the easiest trade but technically crypto currency has been trading fantastic i've learned about it a lot this year, again you have to use your tier system and know when it's extended and when you get to whole number like 50000, obviously you will see a little profit taking it came from 30000, the question is cannot hold the 47 - 48 and go back into the higher 50s. i think i'm not going to be timely and they will see 100,000 in bitcoin by december and it's back in the game and is trading very well. liz: is 49240 at this very moment. i would just like to say quite best has interim phase has been higher instead a quarter percent while paypal is edging in an
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paypal moving higher by more than 1%, thank you a quick check at the nasdaq it's four points away from the session high of 245 to the upside up to 241 were keeping an eye on it in just over a week left before the august 31 deadline we have this breaking is president biden is considering extending the withdrawal for u.s. troops from afghanistan, this is the pentagon is speeding up evacuation by deploying helicopters and special forces and as of monday the defense department says the military has helped to evacuate 37000 people since august 14, those are the numbers the pentagon is ordering to provide planes to speed up evacuation efforts, those planes would not fly directly into kabul but would instead transport those out of military bases in europe and the middle
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east. airlines include delta, united, american, hawaiian and on me. those are the names of the airlines that have been asked by the government to provide jets. national security advisor jake sullivan saying the u.s. he thinks every american out of the country by the end of the month. >> he mentioned airlines, they were required under the order with local air travel in the united states removing the airplanes from the system. the president is sure he believes they can get all the americans and all of the allies to america, the afghans to help the americans out of afghanistan by the 31st deadline, they are not making it and leaving open the possibility to go a little bit beyond that, national security advisor within the last
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30 minutes said they can get everybody out and scramble was not a failure of intelligence. >> with the taliban on a daily basis for political security channels, i'm not going to get into the details to protect those discussions which are covering a wide range of issues, we are also consulting closely with our allies and partners on the issue of the evacuation in its progress. in fact the president just got off the phone that the british prime minister a short time ago. >> the way that this is unfolded has left questions about the presidents leadership, tony gonzalez served in iraq and afghanistan. listen. >> it's almost as if you're back in afghanistan and doing everything that you possibly can to help save americans and our afghan allies, what it shows government will always be there for you, the biden administration has shown their knocking to be there for the making people were there at the border or elsewhere.
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>> right now this is not affecting the stock market but there is dark clouds that could be looming the taliban has named an acting head of the afghanistan central bank, the group is said there will be consequences if american troops were in afghanistan beyond august 31 deadline, some of our allies would like the u.s. to stay in country for a little bit longer so they can work their operations out and conclude that, the u.s. is struggling to make sure all the u.s. citizens within the entire country of afghanistan and all of the allies that helped us can get out properly. liz: edward lawrence, please keep us updated, could the delta variant be the grinch for brick-and-mortar holiday season or will fighters fda full throat of approval keep the holiday spirits high for in person shopping, it depends on what kind of in person shopping, the ceo site centers is here to
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answer those questions and more. closing bell is ringing in about 47 minutes the dow tracking higher by 261 points, the nasdaq up to 37 or 1.6%, big move, "the claman countdown" is coming right back. they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of the nasdaq 100 like you you don't have to be circuit design engineer to help push progress forward can i hold the chip? become an agent of innovation with invesco qqq ♪♪
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we'll keep you ready for what's next. comcast business powering possibilities. liz: is a first for the covid-19 history books and for two of the vaccine makers we want you to look at pfizer and bio when tech both are enjoying moves to the upside, jumping 8.8% in the final hour of trade with pfizer of 2.8% after the fda granted full approval to the vaccine that the two have partnered to develop, the vaccine had earned emergency use authorization in december but this approval means it is the first that can be marketed to everyone age 16 and older it actually gets his own official name comb unity, it's a
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messenger rna the material for which it was derived the news comes as a surge of the delta variant forces many companies to push back the return to work date, the desire to get out and shop safely put centers in the sweet spot, it is been immune to resurgence, not only has shares jumped 110% from those a year ago but they sold 54% year to date it has the metrics to backup the success, the rita operating funds from operations research 40% year-over-year in the second quarter and the company was able to collect 98% of rent just as the vacancy rates skyrocketed in a fox business exclusive let's find out from david, this is really a fascinating turn of events of byproduct silverlining whatever you want to call it for outdoor
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shopping centers. give me the numbers how is demand for storefront after malls right now. >> is surprisingly high i would say six month ago i was thinking this is a good time to be a shopping center landlord but right now it's hard to keep up with the first time in ten years there has been a slew of new retail concepts trying to get into the suburbs that's where the people are moving to the suburbs and have lots of money and people appear to be working for home for a long period of time or a hybrid working environment and that is causing a lot more population in the shopping centers in the retailers know that so they're trying to find leases and it's an interesting time. liz: that's why we said reports of retails have been greatly exaggerated and particularly to the point a lot of your anchor stores whether supermarket like kroger or t.j. maxx, you have a
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whole bunch of them, dick's sporting goods you can put up the logos you have gap not to mention macy's these are names that people are very familiar with but the new retail concepts you are saying are sprouting from these legacy names, can you give us some examples that are coming to your storefront and revitalizing some of your site centers. >> i take it back one step, you named a bunch of our top tenants, half of them raised over $50 billion last year there flushed with fresh capital and have a low cost of borrowing, what do they do they invent new concept in world amount exporting goods has been killing it in their sales are up 20, 30% and the avenue concept called public lands which is more for the outdoor enthusiast, tjx as a concept called cr trading post their rolling out, dollar general is a rule dollars per
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company they have started to go after the affluent suburban families so they have a concept that they're starting to rule out there's a lot on the large side that are being sponsored there's a lot of companies that are attracting capital like sweet green, portillo's and lots of restaurants that want to get out there and try to capture some of the market that they assume is going to be in the suburbs more frequently than it was before. liz: there was a time several years ago when new concepts were spreading from old names rather ann taylor or gap and they had to squeeze them back down and get rid of some of them because they had over expanded, your same breath to beginning of a cycle that is good news, last week we had macy's, kohl's, walmart, target coming in with numbers and the stocks held up on the very day that reports
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came out, amazon was going to start its own brick-and-mortar their own department stores, that to me was fascinating have you heard from amazon, do you ask if they can request some your space and expand to anything that you have your businesses in? >> imagine amazon is one of the best credits of the united states since were at 90 kurt under percent i think every landlord is probably talking to amazon about what they want to do. they've tested over the years a number of different concepts and they ended up buying whole foods and few years ago they have a tremendous amount of customer data and i think all of this on the landlord side assume that they're going to figure out brick-and-mortar and i would be very happy to be a part of that to see them grow and arched shopping centers and at the end
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of the day stores are in the last mile of her everybody lives, 80% of the u.s. population goes to a open air center and they have to capital in the amazon like many others will grow in the brick-and-mortar and we would like to be a part of it. liz: i have to ask your background is so interesting you major as an undergraduate and environmental design and then you studied architecture and all kinds of things, multiple graduate degrees, what has changed permanently about the design of shopping malls post covid do you think there will be different foot traffic pathways and things like that for the future. >> one reason i really enjoy being the architect i was an architect until he was 29, you got to meet with a lot of local communities and talk about their land use, the united states is the only country in the world where land-use regulation is that the town level it's not state is not federal because of that land becomes a very
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important part of the community and shopping centers take up a lot of lien the reason i like the investor shopping centers many wealthy towns won't approve additional shopping centers which means there's a scarcity of space and that's how you end up generating a lot of revenue. in the future the amount of parking that we haven't shopping centers which is for - 1 is too much land for asphalt. things will change. liz: were in a commercial break, thank you so much we are coming right back we will show you ford's tiny truck coming up next. that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches...
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not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire liz: we have a fox business alert two of wall street's biggest banks are saying that
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robinhood still has a few arrows left in its quivers media platform of choice hitting the bull's-eye with jmp securities both initiated coverage of robinhood with an outright by, the stock is popping 8% right now, these two names are betting on the trading up subscriber of po and goldman sachs as a believer in the word-of-mouth popularity but goldman not quite ready to join the full-blown parade so it's starting coverage with a neutral rating the one and only firm going full bear it's really interesting, it would lead book runner j.p. morgan, gpm stopping shares with an underweight of concerns regulatory and growing competition will bear down on the competition but the bull is winning this robinhood a winner right now, to the smoking hot grill giant who made the trading debut alongside robinhood the very day both went ipo shares of woodchip trager cooking with gas on a flurry of new by ratings from the street william blair,
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piper sandler all fired up back in everything from the smoker makers product universe and brand power to its ability to strike on growing interest and outdoor activities. trager dropping ted and apperson the final hour of trade, let's check on boeing all day long it's taking a stake in the upcoming three-point billion dollar stock merger between richard branson satellite virgin orbit and blank check firm nexgen acquisition to boeing shares holding onto three and a quarter% gains, nexgen also and 1.7% in brand some virgin galactic which also took the stack or reverse merger to the street is up about 3%. gm stalling out after confirming it will take an additional 1 billion-dollar hit on expanded recall of the chevy bolt due to fire risks, the automaker
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extended its recall to cover 73000 vehicles starting with those produced in 2019 through the current 2022 models, gm shares down 1% at the moment. you cannot even buy ford's latest creation the truck version of the popular tiny homes that are out there, it appears it's already a gigantic kit ford announced it has more than 100,000 reservations for the new tiny truck it's called the maverick, most of those reservations made by l.a. and san francisco customers, that's interesting the hybrid many pickup which is a few inches longer than a toyota camry will start at under $20000 and get more than a hundred miles a gallon, mexico plant is a set to officially go on sale this fall, as ford gains a ton of buzz the kansas city plant is the number
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one selling f150 manufacturing might be about to go silent, jeff flock is live where there buzzing about that. >> to the maverick or the explorer made in the chicago plant behind me, it is f150 is a kahuna and is not happening today in kansas city the kansas city truck plant where the f150 is made shuddered again for the third time this time per week because they don't have enough chips to put in the truck and the truck takes a lot of chips these days the dearborn truck plant is still operating and they make the f150 toyota has joined everybody else and the problems to get ships toyota cutting his production by 40%, 14 plans affected, 80000 fewer toyotas will be made next month as a result of that.
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and the number of vehicles for sale right now is a reflection of all of this, two years ago 3.1 million vehicles were for sale in the month of july, this year less than a million, it is scarce out there in the number of vehicles sullied in ten days or less, a couple years ago is 26%, just a quarter now, now 45% almost half stay on the dealer lot less than ten days. pretty crazy it's going to get worse according to the market i say from the report low vaccination rates and rising rates of infection in southeast asia are prompting shut down of the plants that make these computer chips that everybody needs, but what does scarcity breed and breed higher profits, the average profits for a dealer, what does my dealer make on the vehicle i bought, usually around two grand obviously
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varies by vehicle, the averages over four grand for the dealers and the automakers are doing well, you take a look at today's trading, mixed today but on the year 46%, gm up 6% year to date, you don't have to sell a lot of cars to make money you just have to charge a lot of money to sell cars. liz: wait to you hear this it's just hitting the tape as we look at ford and the stock is up 1.7%, ford is doubling his production target for the f150 all electric lightning truck, doubling what they're going to do, this is just hitting the tape because of the very strong early demand for the all electric pickup what they're going to do is spend an additional $850 million to meet that target, i don't know where they're going to get the chips
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is according to reuters, doubling the anything was worried all electric when it's done right was a to be popular, here's proof of it, pretty amazing. >> everybody that you talk to has one they love it. i know there's issues but if you get one you love it i think you're in the ballpark. liz: thank you very much ford up 1.7%, we're coming right back charlie breaks it nt.
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liz: it's been nearly two weeks since a partial closure of china's mingo port, this is one of the container ports in the world after a single positive coping case froze activity in a big area of the sport, the bottleneck from it stretching all the way to california the wall street journal reports 37
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huge ships are idling off the coast waiting to unload at the ports of long beach and los angeles, the size of this traffic jam only slightly behind february's 40 ship pileup triggered one hundreds and hundreds of dockworkers sickened with covid, this pile of issues and sending shipping prices to the moon. last week on "the claman countdown", ethan allen ceo put a stunning number on the cost. >> it's been a challenge because were up 35% offshore and we are waiting for containers in the price of a container has gone from 2000 to $24000. liz: $2000 to $24000, the cost has skyrocketed from 4000 to
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about $20000 per container from asia to the u.s. in the east coast in the last year alone to the man running the second port in all of north america, mario cordero executive director, what direct effect are you seeing from the port shut down. >> it's significant thank you for inviting me here. the bottom line we have 37 vessels that anchored into put that into perspective early in the year when we had the emerging crisis back in february we had about 40 we went down to a slow number of vessels in june and now because of the issue were having with the major ports of china were now at 37. liz: 37, you are pushing at this point, is there any end in sight to what's going on in ningbo, they shutdown a big portion of the container area because of one single covid case, any
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visibility as to when it is going to free up? >> the covid-19 ongoing health pandemic is a challenge and as you've indicated they close down a major terminal as a result of one particular worker testing positive. this is going to be an ongoing dynamic until we have a global perspective, a good handle on the covid-19, i don't for see in into this anytime soon unfortunately. liz: your port mostly except a lot of finished goods, yet furniture coming in, parts, electronics, plastics, petroleum were seeing search pricing for a lot of these companies, who is waiting on cargo ships that are idling right now is is the big-box retailers, grocers, can you give us a sense. >> it's all of above the groceries, the box retailers, consumers and again, unfortunately there is not a sector that is not impacted. liz: while, do you get a lot of
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complaints, i know you can't control the cost but were hearing from ethan allen in his furniture he's waiting on he seen a huge spike as you heard 2000 to 24000 per cargo, it's really a tough time for these companies. >> that is correct, the shipping cost is going up and i represent to you that the southern california ports are doing a full port to work with the stakeholders and make sure that we create greater fnc's and to think out-of-the-box in terms of how we deal with each capacity issue and to say this is the logistic crisis on the hills of the health pandemic crisis in the sanchez southern california it's a global scenario in terms of logistic international supply chain. liz: you injured dockworkers working very hard to free up this logjam. we are coming right back, charlie breaks it on wall street returned to work a moving target
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relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. liz: wall street firms are in the middle of a scramble there attempting to get people back on their trading desks but the delta variant continues to be a moving target that keeps throwing a monkey wrench into the plan, now employees want a firm answer, charlie gasparino what is the latest on this. liz: for most of the firms i'm going to say most of them the firm answer, we do not know i'm getting this from my sources at morgan stanley, goldman sachs, bank of america, they want everybody back in the office after labor day sometime in the dates are sketchy along the way,
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some of the firms already mandating back to office but they're leaving open the possibility that that gets pushed back, my sources at morgan stanley tell me that the firm is telling people critically the brokers in new york city that they want them back in the office not the day after labor day as was initially thought when james gorman the ceo said he wanted the people back in the office after labor day, a soft date is the best way to put it of october 4 from what i understand. it's all over the place, the positive news is that wall street is heavily vaccinated and the positive news if you talk to the wall street guys the vaccines work in the breakthrough infections among staff that they're experiencing have been extremely mild nobody in the hospital and their 90% vaccinated. there is a whole public policy aspect to this thing where other companies are saying let's just let people stay at home, they
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are worried, about 10% of their workforce will not get vaccinated and people that are vaccinated could spread to them, that's kind of after the sciences there's a potential you could spread if your had the vaccine this is why people are saying at the big firms let's wait and see, i think after labor day but this is pretty much a status quo across wall street except for one firm, that is ubs, they had said pointblank we are flexible, you do what you want to do from what i understand because of that their officers in midtown manhattan up the block from us are described as a ghost town, nobody is in there from what i understand except for some managers, it is really quite year e is the way it was put to me. that's where we are right now, there is definitely stuff that wall street is weighing in its
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wait-and-see. there is a theory that the delta variant is going to peek out at some point and not something that wall street wants, pfizer, the fda just approved the pfizer vaccine today fully approved, it was approved for emergency use, what is interesting when i tell the wall street executives they say they hope that will be followed by a new york state mandate were people can't get into the office without a vaccine, you can take the complaint area action against an employee if they don't come to work. that mandate relieves the firms of legal jeopardy if they discipline someone for not coming to work because they don't want to be vaccinated. this is a mess and it's getting messier until the delta surge wanes i would imagine, back to you. liz: i know bmp being very
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liberal whether people want to go back, they can choose and the pfizer vaccine and now has a name: marinetti is the new name, let's just call it pfizer some are blazing but today's countdown closer that will prep your portfolio and whether the changes of the upcoming fall season the closing bell eight minutes away, the nasdaq up to 38, that will be a new record. ♪ ess 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.
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i'm greg, i'm 68 years old. i do motivational speaking in addition to the substitute teaching. i honestly feel that that's my calling-- to give back to younger people. i think most adults will start realizing that they don't recall things as quickly as they used to or they don't remember things as vividly as they once did. i've been taking prevagen for about three years now. people say to me periodically, "man, you've got a memory like an elephant." it's really, really helped me tremendously. prevagen. healthier brain. better life. . . ♪♪ ♪♪ - hello, i'm michael youssef.
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♪ ♪ ♪ monitor, check and lock down you money with security from chase. control feels good. chase. make more of what's yours. ♪. liz: guys, we now have four minutes left before of the closing bell rings. i have a bunch of things to jam in here. s&p and nasdaq set to close at brand new records. it will be the 50th record close for the year for the s&p, the 28th for the nasdaq and look at these three names, all about to close at brand new records, microsoft, google and nvidia, nice. perfect segue here, "countdown"
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closer really likes one of those names as we visibly enter what might seem early for autumn themes. we're talking about the pumpkin spice at all the places but the "countdown" closer who is with us today says you could be ahead of the game with three names that can keep your portfolio in the green as the leaves turn red, orange and yellow. john treanor, 10 billion-dollar man, peoples united advisors and one of those names, john, is nvidia. you like this one as a fall pick but it is hitting a brand new record. i think said google instead but it is actually nvidia. >> correct. nvidia has been a great stock for us. we have held it for a while. it had great earnings and follows through from last week.
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nvidia is unfortunately benefiting from from what intel is losing from the data business. as we head into the fall we think with the delta variant you could see economic slowing, people getting concerned, you want companies in control of their own destiny and we think nvidia is that company. liz: okay, but you're telling us to buy it at an all-time high. i get what you're saying. we had jeff flock at a ford dealership where he says they have to idle one of the plants in the midwest simply because they can't get chips for it. i get the demand part but don't you want to wait for a little bit of a pullback? >> you could certainly see a pullback. you're seeing great news out of earnings last week but nvidia is company you want to own going into the fall. i don't think you should get too cute. this is a stock that has run, very good stock for us over the last several years, it has been
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a great stock for us. we learned basically buy the company, hold on to it, and you will be happy six months from now. liz: john, we were joking it's a little early to be talking about autumn and fall i guess portfolio moves but you're saying now is the time to position. what do you expect for the fall? will the delta variant put a chill on things or more demand in other areas? >> no, you know, that was the theme of our investment call last friday. we were taking a look at this and the market has been moving the reflation trade, the strong growth trade, then the slow growth trade. we think pressure will be on the reflation trade. as we head into the fall, you're going to see some news about the, about the delta variant, starting to see, i'm hearing in connecticut, we've got to start wearing masks again today. you will see this start to slow the economy. i finally picked up a car i ordered back in april. i picked that up last week.
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the dealer told me, forget it, if i went in to order a car now, i would look into next year. you're seeing a lot of economic headwinds. we want to position ourselves appropriately for those headwinds. [closing bell rings] liz: john traynor lovely to have you. s&p, folks, fell out of record territory. we'll see if it settled to the upside. that will do it for us. ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. so day nine of the afghanistan catastrophe is here and i want to lead with a quote from my favorite ambassador, that is ryan crocker who we had on the show friday evening who knows more about afghanistan and that entire region than anybody alive or dead. now in an interview on fox news just about an hour ago ambassador crocker simply said right now there are no good options. no

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