they have more cash on hand than they do debt outstanding. look at those numbers to see a good company to add to your portfolio. charles: all right. i think i got the formula; a lot of cash and no debt. [laughter] i like it too. all right. victoria, mitch, two of the beth. thank you both very, very much. the s&p hanging in there pretty good, but you can feel the tension as we head into the last are hour of trading with liz claman. over to you. liz: it's what we love. it's what we love, charles. yeah, the s&p 500 and the nasdaq, this is what they're stretching for, another record run. any gain will do it for both indices which are aiming for five straight winning sessions. the dow, less than half a percent from all-time highs with green on the screen. the markets' move though are overshadowed by a meeting at the white house with some of the biggest names in all of business. the ceos of apple, google, microsoft, jpmorgan chase and more working and trying to figure out how to beef up the

nation's cybersecurity. crowdstrike cofounder reveals what he says must be done first. johnson & johnson saying a booster dose of its covid shot could increase your protection, and it's coming. but with more shots and testing come massive amounts of medical waste. how one company is end handling the growing load and what her stock could possibly do with all of those newsy rings and tests that are now needed. hacked accounts, forgotten passwords, ah, the per reu8s of crypto trading are many, but news breaking today that one banking institution has now become the first in the nation to not only offer fdic-insured crypto buying that's linked directly to your bank account, but promises you'll never be locked out of your crypto wallet with. we've got the ceo of the bank that's doing it. fox business alert are, let's

get right to it, the bears are hiding in their caves as we connect off this final hour of trade, but the bulls are swarming the mid cap stops and russell 2000 for small cap names. these two text -- etfs on your screen is, you can see they are on the move higher by about 100 each. the s&p could see its 51st record of the year: leading the bull pack, and this actually just switched in the last couple of minutes on breaking news, western digital. it is now muscling to the very top of the s&p leaderboard on reports that it is inadvanced talks for a $20 billion merger with japanese chipmaker. yeah. so you've got western digital powering higher by 7.33%. look at this intraday picture. the news hit just after 2 p.m., and there you go. any stock that's involved in the chip markets when, you know, somehow involved in discussions about mergers, you're going to see this kind of move. let's show the volatility index. it is moving lower at the

moment, so no surprise there as we see it drop about 3.25%. but bond yields trend higher. that is a classic risk-on move. 10-year yield has traded in a pretty narrow sort of 1.25-11.28% -- 1.28% band. we're at 1.344%. the nasdaq, any gain will put a record medal around its neck, it's the third straight and 30th of the year. while fear is really mia in the markets for this very moment, it's the very thing that's drawing heavy hitters from multiple industries to the white house at this hour. the president meeting right now with 30 of the top ceos in the united states talking cybersecurity and how the private sector must work better with the government to protect the data and privacy of american citizens. you've got amazon's andy jassy there and apple's tim cook,

google's sun daughter sundar pis krishna. we've got the bug wigs from the -- big wigs from the banking world, brian moynihan, jamie dimon, we have got water systems ceos there because, yes, this isn't a tech story. to edward lawrence live at the white house. edward, this is clearly a crucial issue if it's drawing all of these very top names. >> reporter: yeah, this is a huge meeting, a who's who is in this boardroom so to speak here at the white house. senior administration official tells us it's going to take an entire nation effort to cut down on some of these cyber attacks, and we see that official also saying that this is a call to action by the president for these industries. the ransomware will be part of the discussion. the president says he's made it a priority to modernize defenses against cyber attack, saying that nato is bringing together 30 nations to step up and fight

against ransomware, and the market does like this language. you can look at some of the cyber-related stocks, and they are all in the green today. that's because this meeting is pro-cyber. they're going to put more money, dump more money into defenses, and that's what the administration is pushing private companies to do. now, the white house press secretary saying meetings like this are critical in order to get some of those cyber hacks to cut down. listen to the president moments ago. listen to this. >> but the reality is most of our critical infrastructure owned and operated, is owned and operated by the private sector, and the federal government can't meet this challenge alone. so i've invited you all here today because you have the power, the capacity and the responsibility, i believe, to raise the bar on cyber security. >> reporter: so after this meeting the ceos are going to break up into smaller groups, and they're going to meet with the secretary of their particular area to find out what exactly those industries need.

but this is a push by the government and the white house to get those companies to invest more the in infrastructure related to protecting cyber -- against cyber attacks. back to you, liz. liz: oh, thank you very much, edward. you know, all of these ceos may be looking to protect their corporations' assets, to protect their employees, their customer from cyber attacks, but right now the bad guys are winning. according to mcafee, back in 2018 the total cost of cyber crime stood at $22.5 billion, but two years later it doubled. but money is not the only cost. the cofounder of cybersecurity powerhouse crowd strike and is now the executive chair of a d.c. thought leader. dmitri, great to have you on the show, especially on a day like this. in just the last phi days -- five days, the u.s. state

department, t-mobile, polynetwork have all revealed they've been hit by hackers. what must these ceos and the biden administration accomplish starting today? >> well, liz, the problem is so much worse, and it's actually getting worse. not just these companies that you mentioned, but we had four hospital systems hit by ransomware just last week alone, and they were turning away ambulances. criminals, likely from russia, were shutting them down and demanding millions of dollars in ransom. and is with all due respect to tim cook and andy jassy, the fortune 50 company, they're doing really well. they're investing tens of millions of dollars into cybersecurity. you rarely hear about them getting hacked. it's the small and medium businesses around this country, the law firms, the engineering organizations, schools, police departments. these are the people that are getting hit, and they don't have the resources to protect themselves. liz: yeah. you know, all of these sectors certainly are very vulnerable. but is, is the situation so bad that it's going to take years

for the good guys to catch up with the bad guys and finally overtake them? >> well, liz, i believe we cannot defend ourselves out of this problem. we need to go on offense. first and foremost, a lot of these criminals are operating out of russia. it is long past time for us to get serious with vladimir putin. biden had that summit with president putin in yes neva, we're two months later, and we've still seen no action. clearly, the warning has not been heeded. and we have to go on offense. we have to use our cyber capabilities, cyber command and our intelligence community has to go after these springs, shut -- these individuals, hut down their infrastructure, otherwise we're going to be perpetually vulnerable. liz: according to web site cyberseek is, there are currently close to half a million jobs in the cybersecurity world. all you have to do is look at these stocks right now. everybody, whether it's fireeye or o.k. -- okta, you know, jumping pretty dramatically

right now, up about 5%, we have palo alto networks, all of these names, you've got to figure that they are hiring at the moment because this is so significant. how important is it for people to be investing in human capital at this point? >> it is absolutely critical. the fact of the matter is we don't have enough professionals in cybersecurity that can go into government, that can go into industry and help defend these companies. the top companies are doing just fine. they can pay huge sal ryes, give -- salaries, give stock options, but it's the smaller organizations that i worry about. we just don't have enough people. >> r evil was able to pull off some pretty costly hacks, and we do know they've been able to hold on to some of the booty that they were able to wrestle from some of these companies. where are they, who are the bad actor to haves? when you were at crowdstrike, you were able to really unveil and pull the curtains off so many hacks, particularly the

dnc. tell me what you think the factors are. >> so these days the top actors, almost all of them from a ransomware perspective, are based in russia. but they're not necessarily executing each and every intrusion. they have affiliates. think of it as a franchise model, and they could be in europe, in america, in africa, latin america, and they are doing the hard work. but much of the cut goes back to the kingpins, if you will, that are based in russia. and those are the people that vladimir putin absolutely has the power to shut down and cripple their operations, we just haven't seen that yet. liz: dmitri, great to have you. thank you very much. >> thank you. liz: all right. you thought that meme stock mania was taking a summer break? in the last 24 hours, they are screaming, no way, we're here. coming up, why the latest action at gamestop, amc, blackberry, palantir and the rest could be

threatening your summer vacation plans even if you don't own the stock. with the closing bell ringing in 49 minutes, our floor show traders are are up next when "the claman countdown" returns. dow is up 59 points. ♪ ♪

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♪♪ liz: we gotta show you this. the so-called reddit room apes are pounding their chests at this hour. some of their favorite meme stocks have suddenly started showing big moves in both directions. yesterday, let's start with that, gamestop surged 27%. adam aron known by the apes as silverback, the king meme guy, saw his company, theater chain amc, spike 20%. clover health spiked the same, and then blackberry saw a 10% gain. look at these names right now. and, by the way, amc started the session today down. it is now higher at the moment by about two-thirds of a percent. but the rest are down. the point is that these rather pronounced moves are signaling that what used to typically be a quiet end of summer lull in trading volume might be anything but. let's bring in our traders. we need to know what you guys

are doing. chris robinson, i want to start with you. do you have battle gear that you're going to be bringing with you along to the beach or wherever you're going? it almost feels like you have to at this point. >> yeah, unfortunately, if the markets are open, you know, i've got two cell phones, my laptop and an ipad, so i'm ready to go in case something happens. [laughter] liz: and what are you doing on them, especially on a day each when you're not in the office -- even when you're not in the office or in front of a camera? >> well, i think at this point, what, it's the 50th day in a row we've made new highs? we talk a lot about this, you know, certainly since the lows last march, we need to protect profits. most people are buying whole, most people try and avoid making emotional decisions. that end means, you know, if we do have a 10% correction, you don't want to be selling in there. so we look for strategies to protect those profits, and that's everything from using put options or using trailing sell

stops or just diversifying your holdings. if you've made a ton of money in one stock, you need to start, you know, spreading out your risk. liz: is it going to be, teddy, a different end of summer feel than we've seen in the past? i know you're a big boating guy. in fact, for those of you who don't know, teddy's basically been hanging out in bermuda during the pandemic, thank you very much. [laughter] talk to me about -- look at teddy. fine looking boat you have there, teddy. what are you doing? are you hooked up? are you connected on the boat at this point? if because this sudden move indicates that even if you to don't own these meme stocks, they have the power to move the markets. >> no, no, liz, no electronics on the boat. only electronics are in the office. and i'm in the office every day of. the boats only get used after the close or on the weekends. i think, liz, it's the end of summer doldrums.

you know, covid aside, tests always a very slow -- it's always a very slow time of the year. but you've been in this business as long as i have, never sell a dull market short, and cheerily this is a market that -- clearly this is a market that is drifting. the lines of least resistance continue to be not down, so basically we're just kind of holding on to what we own. it's really hard to find something new to do, so basically it's kind of a watch and see. but clearly, we always have an eye on the screens, and we never kind of take an eye off of them. liz: teddy's going to stay long, is what i'm hearing, for those last two weeks of august. we know that volume gets extraordinarily thin and, therefore, the moves are more pronounced. what are you expecting from volatility if things get a little squirrely? >> anytime you have less people trading, you get more volatility. i started this business in '87, '88, and if i could take back

all my augusts and decembers, those are generally the who worst months, those markets are very dangerous. i think what teddy said is right, you've got to kind of hold the course. and i think you have to have your plan in place before anything bad with happens. so a lot of these, you know, defense i have strategies, you know -- defensive strategies, things where we try and set it and forget it. also, too, we've got our shopping list that if we do get a break, you want to have that order already working there to buy it. but, yeah, certainly getting through august and then through the first week of september is, that's always very, very thin trading, and a lot of it happens overnight. liz: yeah. we have -- good, because most of us are asleep. good to see both of you, thank you very much. i know i'll see you before the end of summer, but enjoy until then. folks, we've got a big milk shake shocker. the move mcdonald's has been forced to make and why the

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liz: you gotta look at sports wagerig stocks, gaming their way to big gains. firing up the action as it gets ready to move on up to the nasdaq. the parent of mobile casino gamemaker wild street games will begin trading friday under the ticker symbol brag. it's over the counter shares up

21.7% right now. and the excitement in the sector helping to lift barstool sport betting partner penn national fighting it out with western digital for the top spot on the s&p leaderboard. penn is up 8.25%, shares on track for their highest close since june 16th. golden nugget online gaining also -- gaming, also getting a 5.33% bump, and draftkings moving higher by 5.5% as karat ty wood -- kathy woods bets on the sports betting giant. could mcdonald's fans here in the u.s. soon be crying over spilled milk shakes? the golden arches have run out of both milk shakes and bolted drinks in the united kingdom due to supply chain issues and worker shortages across the pond, so both are now off the

menu. so far no word yet on when they will return or whether this could extend to other markets like the u.s. and hit the bottom line. we don't know. right now mickey d's is clinging to about a quarter percent gain. and are are the nonfungible tokens coming to the social networks? facebook considering adding tools and features related to the growing nft market as part of its build of its coming crypto wallet, this according to an interview with the head of the financial unit. shares of facebook up just under 1%, but it is budweiser that's really hopping into the nft craze. the beer titan changing its twitter pic to a rocket ship design by artist tom saks which which it bought for $25,000. budweiser has also reportedly purchased the beer domain for 80

ether. all this follows visa's $150,000 foray into this week into nfts. breaking news, the white house press secretary is giving a briefing right this minute, and reports are that the biden administration may be planning covid-19 vaccine boosters at six months versus the earlier eight months which they had initially discussed. the third covid-19 vaccine shot based on data from manufacturers that are under review by the federal drug administration. the fda. all right, approval for boosters for all three covid-19 shots being administered in the united states manufactured by pfizer and its partner, biontech, moderna and johnson & johnson is expected by mid september. we had heard around september 26th, 27th. now it's mid september. we shall see. pfizer down about 2%. we've gotbound tech up 1.4% -- biontech up about 1.4%.

covid testing and vaccinations ramping up due to the dell v.a. -- delta variant wave, but who's cleaning up those swabs and needles? the ceo of the company doing just that is next. with the closing bell ringing in 34 minutes, dow jones industrials still in the green by 53 points. s&p better by 11, that's a record. nasdaq up by 25, that too is a record. we are coming right back, don't go away. ♪ ♪

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♪ liz: we gotta look at delta airlines' stock. the airline has laid down the vaccine law. the carrier says it will now require unvaccinated employees to pay a $200 health care surcharge every month to cover the cost of medical expenses. investors are just fine with that news. delta hairs are jumping 1.6% to

$41.20. just as companies are strengthening tear stance on covid-19 vaccine mandates, johnson & johnson revealed data showing a secondary dose or booster shot of its vaccine markedly raises antibodies and overall effectiveness against covid. j&j down two-thirds of a percent if, coming up off the lows on that a breaking muse that we just gave you that the biden administration expects they can attenuate the wait to six months from eight months. with the daily rate for first doses now on the rise and a recent increase in covid-19 testing, one company that disposes of the used syringes and all related medical waste is poised for a lot more business. let's get to the ceo of steri cycle, cindy miller. we have a huge amount of news that a makes your appearance really prescient here. tell us what you're planning for

and what you've enseen so far. >> sure. i think let's frame a few things. we're, obviously, the largest regulated medical waste company here in the u.s. we do business globally as well. but in 2020 we handled about 1.5 million pounds of medical waste. to that's a tremendous amount of waste, and 20 being a pandemic year. what we've seen since that time, sometimes the weight may have been down a little bit during 2020 simply because elective surgeries got deferred, you know, it really was a scheft in health care -- a lift in health care to to handling the pandemic. what we have seen since that time, q1 of this year, q2, we're seeing medical waste increase which means people are going back, getting elective surgeries, doing those types of things. and in terms of vaccinations, i think everybody should know that here at ster icycle,

divert the blasterrics calm. at stericycle, we have a great pride in protecting what matters which is the general public and communities and really to to keep the health care up and running. in spite of all those vaccines that you just mentioned, we've got the capability and the capacity to handle 700 million needles and positive them a month. and process them a month. so if we keep that in mind and put that in terms of framing it, you know, we think it's great that the fda approvals are continuing to be filed for and coming through. so whether it's one booster or it's many or whatever the next potential dilemma is, i think everybody should feel confident that stericycle stands at the

ready in order to handle it. liz: cindy, tell us how you're preparing for what could be an onslaught of booster shots. we now -- >> sure. liz: -- get that breaking news that the biden administration feels you don't have to weight eight months before you can get your booster shot having been vaccinated already are. it could be up to six months, just six months. >> sure. liz: so the timeline is kind of shortening here, right? >> no, it really is. and i think that speaks to readiness andhe things that at section teriing striking that i -- stericycle that was terrific, we had a good dry run last near. whether we were handling the increase in a of the the kits that have to go out that follow the vaccine in order to let the service providers, youhe vaccinf

those amazing health care pr administer it either in the hospital or sometimes in parking lots. and all the other places where health care's been, has been administered that are a little unusual, stericycle has been right there, and we are well prepared to make sure we've got the kits available, tata we can process it and that we'll handle it safely and compliantly. so we're ready. liz: let me go a totally different direction can. is so this morning in my team meeting we're sitting around talking, we said is, all right, we know we're dealing with inflation. terms prices are going up. -- materials prices are going up. what's in a syringe? so we started looking it up. we know plastic, rubber, steel for the needle. can you tell us what kind of materials increases you're seeing on your end when it comes

to inflation? >> sure. i think, you know, sterien cycle is not immune to, you know, whether it's fuel or it's the price of plastic as an example, if you think about all of the medical waste goes into plastic bins, they have to be processed, they have to be sterilized, they have to be repositioned. there's an awful lot that we do in terms of dealing with that au know? you can talk about the effects of supply chain and, certainly, the effects of, you know, inflation. but for us i think we've got a really strong network of suppliers, and our processes internally, we are -- we're not seeing shortages certainly in order for us to be able to handle anything that could be coming around corner. liz: there are two kinds of shortages, material shortages and worker shortages. are you guys hiring, and are you having any difficulty filling positions? >> you know, i -- are we hiring?

i think i don't know of anybody here, not just here in the u.s., but around the world. i don't know anybody who isn't hiring. so, sure. we've done a few things. stericycle, we're not immune to what's going on in the marketplace, so certainly the labor shortage affects us as well. we've brought -- we used to outsource recruiting and hiring. we've brought that in-house. we believe that we're our best champion for helping to recruit and hire and bring on the terrific team members that we do have that are out on the front lines every day. so, you know, we've taken a look at our compensation and benefits and really tried to up our games in terms of engagement to make sure that we're a work environment where people want to be. liz: cindy miller, thank you. boy, it's an interesting business that's going to only get busier. cindy miller. >> thank you, liz. liz: coming up, the ceo of the

first bank in the u.s. to make managing your crypto as easy as checking your checking account balance. and, by the way, they say you'll never be locked out. how about that? the vast bank ceo is here to tell us how it works out. and if my everyone talks to liz podcast guest this week, we just dropped it yesterday, here we go. his -- look at this, he's from ireland. o' sheen made the bold decision to drop out of harvard business school. who does that? to chase his dream of being a handyman. a handyman app ceo. forward, handy, as it's called, was acquired by angie and he's now the ceo. you've got to hear his step by step how-to get to success. it's right there. the episode's really interesting. i really hope you guys listen. closing bell, 20 minutes away. we do still have green on the

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♪ liz: dick's sporting goods on track right now for a record close after what can only be described as a hole in one earnings report. look at the stock, jumping 13%. the sporting goods retailer not only announced record second quarter profits and sales, but also raised its forecast. and then, just to put a cherry and some whipped cream and sprinkles on top, they announced a special dividend apayout of $5.50 per share. so we've got dick's now standing at about $129.42 a shower. nowings, on the flipside -- now,

on the flipside, nordstrom's revenue if remains below pre-pandemic levels. jwn down 17.6%. now, nordstrom's bad news is weighing on rival despite the fact that may macy's and kohl's had big upside moves. macy's is up two-thirds of a percent but kohl's down about a quarter of a percent. nown if, this is not news to you guys, right? every emerging sector experiences growing pains. but with cryptocurrency, is some of those pains are more like heart attacks. the crypto world is littered with horror stories of crypto investors locked out of their accounts forever because they forgot their password or just as bad, they find that all the money in their crypto wallets has disappeared, vaporized, stolen by hackers. no wonder a tine bank based in tulsa, oklahoma, saw a gigantic opportunity there. after months of testing and years of preparing, today vast

bank becomes the first national institution to enable seamless purchase, sale and storage of crypto for their bank account customers with the promise of no lockouts even if you lose your digital key or blank out on your password. [laughter] it's partners with coinbase and sap to incert a crypto-. purchasing -- insert a crypto-purchasing feature. and if that's not all. vast bank ceo brad scrivener joins us. how did a family-bank become the first to pull off the e integration of crypto investing with traditional bank accounts? >> well, thanks for having me on the show x that's a great question. we have an awesome if team, that's the simple answer. but, you know, this has been five years in the making. we've put a tech platform in place, and you mentioned sap is a key partner and coinbase. and when mr. brooks came out with the announcement in july of

last year, we jumped right on it. fortunately, the family that owns the bank, we have shareholders that understood and were able to react to this. and at the end of the day, what we're trying to do is to embrace changing customer preferences, make hire that we stay relevant so that we don't have to sell over the long term. liz: hold on, let me back up. you said five years ago? bank -- >> yeah, we started -- liz: -- was working on this option five years ago? >> well, these things are pretty complicated, you know? you've got to start putting the pieces in place to be able to bring these things to bear. so, yeah. so we started having the conversations in 2018. we implemented the sap, started the implementation of the sap banking services platform. and, you know, that's a multi-currency platform, so we were able to, with the partnership with coinbase and

with s ark p -- sap, to put a customer experience on top of that. and so basically what we've allowed is for you to seamlessly purchase and sell cryptoto currencies along your traditional checking account can. it's available today in the app store, and so you can download it. liz: and let me just talk to point of which cryptos. obviously, you are allowing the trading of bitcoin, bitcoin cash, ether, a couple of other names, cardona, litecoin. but also two names that aren't as a familiar to our viewers, or chid and glgoran. what was your metric that these had to hit before you would allow trading? >> that's a great question. each one of these goes through a legal review and, obviously, we're not going to do anything smas -- anything that is security-related. that brings in the sec and other types of things that you need to be concerned about there.

we go through a legal review. our chief risk officer signs off on those components there there, so nonsecurity, we'll be reviewing those periodically, and we intend to continue to add additional coins as our customers demand and is making sure -- because, remember, we're a regulated national bank, so this is about safety, soundness, a making sure that we are embracing that are regulatory environment and giving our customers who trust a national bank to come in and participate if they so desire. liz: brad, let's get to this promise of water tight accounts. the world is littered with people who were either locked out of their accounts, forgot their password, who knows what. you are making this promise that that will not happen. how are you doing that? >> welsh we're a custodian. january, right? this is what banks have been doing for years. you give us something that you value, and we provide it back to

you. we're doing that. so we've got the technical infrastructure in place and, certainly, that's a component -- i've used the analysis of a safe deposit box, you know, previously with that entire infrastructure. we have the keys, and so, you know, one of the things that, that has been difficult and people to get into this is, you know, what happens when a legal thing happens, what happens in case of death, what happens if you forget. so we're providing those assurances that custodians have served in national banks being able to go across all 50 states, territories that we can provide this custodianship, give our customers piece of mind and, you know, in the case of these things, being able to transfer those assets. liz: again, anybody can get one of these can accounts you just go on the app store. and you've got to tell us,

because i wallet to check maybe by the end of the week, you tell me how many downloads you've had of this vast bank app, because i think it'll be really interesting to see the attraction -- enter well, with your audience, all we need is everybody to go out and download the app. [laughter] so, yeah, google storing or it's in the apple store, so go down load it. you can each an account in five minutes and get ready to go. liz: okay. brad scrivner of vast bank out there in oklahoma. fascinating stuff. good for you guys. >> appreciate it. liz: it's the sale you just can't miss. the one fang our countdown closer says is right now on discount, the only one, and why he says you can't leave this bargain behind. closing bell eight minutes away. we're coming right back, don't go away. ♪ ♪

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♪. liz: four 1/2 minutes to go. take a look here, we do have the s&p 500 poised for its 51st record of this year. same with the nasdaq. meaning another record at the moment. we do see that. by the way we have a whole host of names that are hitting all-time highs. google, nvidia. you can throw adobe on that list, intuit, service now. everybody is moving higher. those are all-time records for all of these names. all right, can we flip it over to the fangs? right now these are the tech titans that have been so hugely popular for the past couple of years. our "countdown" closer says only one of the giants is cut down to size so dramatically. it is now the biggest bargain in big tech. let's bring in octavia wealth

advisors partner and wealth advisor, give it to your viewers. >> thank you, thank you for having me. so certainly amazon, i think it really a disconnect. you have a stock that over the course of 2021 has very -- 1% return compared to the likes of google or apple, or nvidia. i think three things going forward that really make this company a recall todaying, i think appropriately price of slight discount today is the fact number one they have 140 million subscribers, on amazon prime in the u.s. another 200 million globally. these people pay to buy their products. they're not going to go away soon. so i think they will continue to do business there and continue to increase their landscape with

subscribers. second thing that they did -- liz: hold on. let me jump in. luis i want to explain what we have on the screen, we're rolling through all the fangs, the jumps they have made year-over-year. google up 79%. so obviously it is hitting a record high today at this very moment. some people would say you don't want to buy at the highs here. so your thesis is amazon is the one that is really on discount. yet the p-e ratios at 61. you know, got to help us wrap our mind around that? >> of course. certainly the highest p-e ratio out of the other "fang" stocks, right? liz: yeah. >> you look at their cloud business. their cloud business is the biggest in the world, in my opinion we're heading that way we've been heading that way, the pandemic pretty much made sure that was one of the fastest growing assessments in i.t.

i believe right now, 40% of operating income from cloud services which is pretty significant and growing between 20 to 40% on year-over-year basis. the other thing interesting for them is amazon studios. it is growing for the last 10 years. it has been growing. they signed up obviously premier league soccer. that is big. "thursday night football." that is another significant addition to them. so i think there is some opportunities for amazon to grow exponentially. i believe the price is fairly attractive for entry level right now. liz: we're thrilled to have you especially on a day where it looks like the s&p and the nasdaq about are about to clock brand new records. luis come again. we like your perspective. he loves amazon, won't be buying it too high at the moment.

as we gear up for the closing bell, we just confirmed, jake paul, the youtube star and boxer will join me on "the claman countdown" tomorrow. you absolutely have to tune in for that. he is about to fight tyrone woodly, ufc welterweight champion. [closing bell rings] five wins in a row for the s&p 500 and nasdaq that will do it for "the claman countdown." "kudlow" ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. so as much as i love america these are the times that try an optimists soul. the biden administration is running a reckless foreign policy in afghanistan and elsewhere and a reckless economic domestic policy at home. in afghanistan of course president biden has catastrophically bungled his exit strategy, the lack of preparedness is mind-boggling. willingness to let the