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tv   The Claman Countdown  FOX Business  September 15, 2021 3:00pm-4:00pm EDT

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peg ratio i've been talking about that look at price-to-earnings growth good opportunity for a name like that right now, have to talk about sherwin-williams, i know you been in real estate i got outbid take a look at sherwin-williams. a great stock. charles: that is my old old favorite, you're one of my old in new favorites, thanks a lot i dig the jacket you have on i did the rally certainly things have changed in the last one he for hours liz claman the last hour is pretty eventful. liz: we are calling a gusher we have a gusher on wall street as we head into the final hour it's a rally boosted by oil that topped $73 per barrel earlier, right now we have crude still up 3% as 7269, the energy sector surging on falling supplies while chevron one of the top names leading the dow jones industrial up 211 were seen a powerful move in the nasdaq, 103 points to the upside, looking to
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snap the five-day losing streak this comes as the debate over covid booster shots just got messier pfizer says we need them, this afternoon the food and drug administration said not so fast, the president meeting at this hour was ceo of some of the nations biggest companies who are pressing for killer fixation on the biden vaccine mandate, working to get a live update from the white house on what's going on in that room. ipo for the weaker upstart by roger federer, i have some odds of my own ahead of the very first closing bell were gonna talk to the cofounder of on holding on how they plan to kick nike and the rest to the curb. from the wwe to electric motorcycles founder and chairman shane mcmahon lays the smacked
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down why he thinks the electric motorcycle from italy will soon be wearing a championship belt. so much to talk about but i want to start with the breaking news we've been watching this closely in the last 23 minutes apple launching a come back as we kick off the final hour of trade down more than 1% this morning on top of the 1% lost yesterday shares have punched back into the green up a quarter percent, right now after unveiling six new iphones and ipads the apple watch series seven yesterday we told you yesterday at this time it was predictable that the stock would drop because it post new product rollout but nasdaq.com pointing out that the stock is often power hired after rollouts, 2019 apple dropped 5% from the high it reached a week before the unveiling of the iphone 11 which was september 10 and subsequently started rising, it is now 150% above that level
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from 2019. were looking apple up a quarter of 8% but let us get to the breaking news it's official the food and drug administration has just dodged the chance to take a stand on whether american to receive the pfizer covid shot need boosters. the fda saying it has not verified all the data available yet pfizer shares higher by a third of 8% it's german partner biontech which oddly every time i check on pfizer i always check on biontech because they work this together biontech is always jumping more up five and half% the former giant releasing new data that show a pfizer booster shot six month after a second dose does increase the patient's protection from the deadly virus to 95% effectiveness. this as a parade of the top ceo including the chief of disney microsoft and allianz headed to
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the white house to get clarification from president biden on the administration vaccine mandate for companies with 100 employees or more let's get right to edward lawrence live from the white house we know there inside the white house they had a lot of questions coming into the meeting, any answers yet. >> we haven't heard because that meeting is going on but you were talking about the booster shots the white house press secretary address this she said september 20 where they could rollout the booster shot was made because eight doctors in the health and human services department wrote a letter saying booster shots would be effective this is what she said. >> what we are looking at today the fda provided more data that will be analyzed through independent and rigorous scientific process, formal meeting is happening of the vaccines and related biological products advisory committee that will take place on friday and next week the ac ip is planning
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to meet and based on the recommendation were prepared to opera to rise. they will not rollout unless there's an official okay from the fda the president hosting the ceo meeting he's already implemented the vaccine mandate and the companies, the ceos disney to microsoft at kaiser permanente supported the president's decision to push a vaccine mandate the president saying the vaccine mandates work. >> it's about this virus and saving lives that's what this is all about. >> some smaller businesses are saying wait a minute they are spending more money that they can afford to spend to the ocean role through testing they would have to cause extra money for their administration to figure out which employees in the smaller companies need to be tested each week you can see the anger from some local folks and local residents and voters as this mandates not the anger against the vaccine itself but to enforce to take the vaccine. a white house official says this
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meeting going on right now is serving as a rally cry for other businesses to follow suit and mandate their own employees get vaccines. liz: a lot of companies are happy i talked to many ceos that say the white house gives us air cover we wanted this anyway. we will be watching it very closely i know some don't like it but interrupt us if you get anything more. >> it does raise one question construction companies were most employees are outside some of those companies i've been talking with who mainly work outside say why do we have to follow this because her guys are outside and cdc guidelines say they don't need to be vaccinated outside or joining a mask outside. liz: thank you very much look at the dow up to 25 and s&p on track for the best session in two weeks stocks are going crazy right now but we need to look at the ten year yield because as low as it is 1.30 where our
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investors to turn for the hunt for yield most are going to treasuries the tenure yield to the lowest level since august 231 to 8% and even though it climbed slightly out of the debit the long bond the 30 year yield hit 1.85% that's the lowest level in six weeks turned to stocks automatically you say, morgan stanley reiterating a call for a 10% correction in the s&p 500 the year-end price target for the benchmark, 4000 you can see were at 4478 at the moment with one week to go before the fed meeting and yields at low useless to many investors not all but many time to hunt for pics to get a better return but tough enough to withstand the correction call i will start with you, scott you will be after i've given you the parameters, good returns but valuable to hold up in a
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correction storm which means do you think you can do that? >> first of all i think folks looking for more income and dividend stocks for months if not for the last couple of years viewing this a 0 interest rate environment and that quest continues. i'm not sure i buy into morgan stanley scenario i've been doing this a long time i don't know what crystal ball they are looking at, even a blind squirrel finds the equal once in a while but that's a pretty progressive enough i don't know why they made it they have good basis for doing it, perhaps will be locked in a trading range until third quarter earnings which is the second week in october and then more into the year-end stuff i don't see what they see. on the other hand for folks looking for income there is stocks that yield about four and half percent, greater 13 times earnings and good growth
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prospects and for somebody with more of the oven income focused may be a stock like ambridge which yields 6.5%. there is nothing unique or unusual about those recommendations they have been around for a long time and certainly plenty of other places people can go that want income. liz: i am glad you brought up dividends, look up microsoft 1.6%, with microsoft of course announcing last night big share buyback about 60 billion and it's raised its dividend by 11% or 6 cents, to 62 cents a share that is helping the dow jones industrial with a gain of 224-point, with microsoft it 30466 that seems like one that would hold up and be resistant to any real problems, what do you see as a safe but tough return stock. >> there is a couple of them but overall macro view i agree with
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teddy probably a lot smarter than i am but i don't see this call at all, that being said two spaces i really like one is the energy utility space to the end of this year i think a stock in that space is dominion energy, trading right now in the middle of the longer-term range is down hitting technical support, it pays a three and half% dividend and quite frankly it's a bit of a safe haven against the downturn in the market is this a stock will uc appreciation ten, 15, 20, 25%, can it withstand a downturn and pay a nice dividend, yes. another one is not a while pick whatsoever but it is verizon. this is a stock that's been on a steady decline and it's approaching an area that we have not seen since the market meltdown of last march, april or so. this company has a huge cash pile and liquidity for paying
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dividends and reinvesting the capital needed to stay in the game at the top of the cutting edge of technology. i believe there is good value dividend pays about 4.7% and if you look for a safe place to park some money before the end of the year i think that's a good a place as any. liz: it's always nice to have a telecom or two in the back pocket. great to have you both thank you very much. the markets tug-of-war over motors, specifically back in august the bulls are pulling hard on the rope 24 hours after morgan stanley, morgan had an underweight call that sent shares hitting yesterday bank of america clapping back with a vibrating on the easy maker whose dream model prices at
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$160,000 this is expected to roll off the assembly line next year but it's rolling along at 5.9%, lucid not the only one making electrifying move at this hour, the man behind the company looking to put the smack down on the electric vehicle market by a lightning speed acquisition including an all easy i italian publicly traded motorcycle company. shane mcmahon, that mcmahon is here, the closing bell ringing in 48 minutes the dow up 236 points. we're coming right back. ♪ i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx. crafted by lexus. experience amazing at your lexus dealer.
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liz: breaking news take a look at blue apron stock it was halted before the top of the hour it just resumed trading in the news is dramatic we have the stock up 20% here is the news aboard reshuffling cofounder and chairman matthew salzberg is out and he has resigned from the meal kit delivery company which is looking to raise about $78 million in equity, salzberg will be succeeded by independent board member jennifer carr smith
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this is a company that is struggled and hope to do very well during the pandemic one of the things that have recently launched a couple of days ago was heat and eat meals where i come from that is called tv dinners but regardless the news is good for blue apron the stock is up 18.7% lummi get to really and motors it is officially the first electric pickup truck to make it to the consumer market beating out auto giants gm, ford and tesla the truck maker released images, there they are the first all electric pickup truck rolling off the assembly line soon to be in the hands of buyers and ready to pay $67000, pretty cool ford let's take a look at that stock they are partnering and have a 2.5% move and amazon which is put it in order for 100,000 all electric delivery trucks is seen again of
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1% right now. we have more electrifying news hitting the tape at this hour it is swallowing up a majority of the stakes and italian ev motorcycle maker motor company marking this if an ethereum acquisition in the last nine months, the chairman and founder and a member of the wwe dynasty shane mcmahon, you're on acquisition terror and the big news 70% stake, what gives you so much confidence that there is a market for easy motorcycles made in italy. >> a, they are sexy and i'm an avid writer and i enjoyed them but getting back to the consumer that's where everything is going, it will probably be on a plane, the really cool thing and one of the reasons we were so interested in the company not only in the management and the tech that is involved, these
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bikes that are seen powered the entire racing around europe this is unbelievable stuff that we really enjoy, they use for so many other things such as scooters, small tractors and other things it is what we are investing in for the specific thing. liz: you mentioned tractors he bought and all easy tractor company but you are in essence gobbling up so many companies in the space where i would imagine facts which are desperate to find targets you gotta be competing for some of these companies tell me exactly what your trick is and how you avoid overpaying. >> the trick that people don't want to go through us back where we have management in a cash and expertise and is putting people all of those things together we are vertically integrated not
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only are we going to make the vehicles we announced gm motors the other day and delivery trucks and we announced this morning and we have select track which are tractors and we are forced induction charging which empower all of these vehicles so not to worry you too much but put a pat on the bottom of the band and it's like your mobile phone put it on a wireless charger and it will charge overnight one of the things that were currently doing at universal studios where our wave and technology is already applicable. liz: let's talk about the technology in all of this, you're looking at different subsectors the wireless charging areas to what is next what else are you hunting for to flush out this pie. >> since we've been on acquisition mode there are so many things out there some don't
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want to go into this, we are looking at tons of things just like that. that is part of the strategy and how do we become vertically integrated a more touch points into the entire space not just one specific thing such as a van or pickup truck but charging and backup battery power and the creation of vehicles and motorcycles and again, it is management and tech that can go through all of those things and get a good bang for the buck at the end of the day it shareholder value. liz: shareholders who might be watching that have not heard of it as a publicly traded company it's been a tough three months but europe 91% and by the way you're at session highs while talking to us right now about 3.7%. it's good for you to come on fox business. we have investor audience that is more powerful than whoever you were on with earlier.
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go ahead. >> i'm only on with you today. >> good choice, there you are but talk to me specifically about the atmosphere that you see in the united states, growth is slowing, inflation is certainly valid and easing recently and still moving higher what about materials cost and to keep a cap on that and your subsidiaries. >> when you are able to buy much more in bulk you have fnc's and that is common sense and were looking at when we formulate different companies one may fall off as the other is much more education is, and we may slow down production on something else all of it is very new and
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part of our vertical infrastructure and that's exactly what were assessing and how we put it together and what goes first. liz: i'm fascinated that you chose to launch and go your own way not the wbe family, it's a great story that you're seeing the success that you are seen. >> think you we still know a few people. shane mcmahon your stock is up 4%, we will see you next time. city casino slammed for the second straight day why the highrollers are coming up snake eyes, that is ahead with the closing bell ringing in 37 minutes the dow was up 241 points and we do have a very strong s&p at the moment same with the nasdaq, as we see s&p is up 38 points, that is the session high right now, "the claman countdown" is coming right back on a big rally day
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liz: fox business alert casino investors cashing in their chips for a second straight day and they're probably not happy and return the threat of increased regulation and that of las vegas asia macau a mecca for gambling feeling when las vegas fans and mgm the losing hand second day and a row when is down 7% at the moment in nearly 18% since monday las vegas is losing about 2%, mgm resorts down 2.5%. hong kong-based resort is getting hammered the most on the news that the chinese government is going to put an overseer in macau to regulate all of these names, right now ♪ ♪ is down 13.8%, and all that
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food point between grubhub parent and amazon backed shares are sliding 5% on news that delivery will deliver free delivery to prime subscribers of the united kingdom it is surging 15.9%, here at home investors are cheering on doordash as the san francisco company fights back of regulations in new york city that require food delivery services to share customer info with the restaurants that they work with today's legal action follows the filing of another lawsuit by doordash uber ethan grubhub against new york city's 15% and they have them telling them how much they can charge doordash fighting back good for 3.2% gain and crocs off to the races for a second straight session after issuing a gold-medal forecast guiding for
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$5 billion and revenue by 2026. shares of the shoe tight where whether you're standing up in a nurse or smoothie company let me tell you something they're all wearing crocs hit a record high adding on to that 3% in trading. from crocs to the footwear company making a run at the public market today we are talking to the cofounder of roger federer on holdings, maker of the uber hot cloud running shoe. how is the stock trading in this debut with 30 minutes left wait till i show you right after the short break. we're coming right back. ♪
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now you can protect yourself from shingles with a vaccine proven to be over 90% effective. shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after vaccination with shingrix. the most common side effects are pain, redness, and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. talk to your pharmacist or doctor about protecting yourself with shingrix. shingles doesn't care. but we do. liz: before the chatter exploded the 18-year-old tennis sensation
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now may have the power to net as much as a billion dollars in sponsorships there was and still is 20 times grand slam champ roger federer who became the first billionaire and tennis after breaking off the 20 plus year relationship with nike in 2181 year later he plowed some of that billion back into a little-known swift athletics shoe company founded in 2010 just debuted at 124 eastern on the new york stock exchange and the two founders and fans sprinted to wall street before the first trade look at this price to $24 per share as it opened it dropped but then it spiked and has spiked in stands at $35.62 a share and that's a gain of 48.5% the company
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raising $748 million, $6.5 billion now they traded that $35.62 a share which is above the offering price and the company witnesses the first closing bell as a public company let's bring it cofounder co-executive chair with co-ceo david aleman. martin i am not a poser i love your shoes and been wearing them for a while and they are definitely fabulous because you slip them in and take off. ipo days are exhausting by themselves but you kept on a 3-mile run to wall street what was your first stock when the stock began trading. >> we had a great day today we were in wall street this morning, 100 people from our team in portland from new york, exciting day to be there with opening bell ringing we made a
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plan whenever the stop trades it will not change what we're doing tomorrow and this is how we are looking at this this is a long-term journey for us and we are very excited about the future. liz: david nobody knows more than you and your two cofounders how long a journey it is been you founded in this swift alps what would your original goal you wanted to feel like it was a cloud but as you fast-forward to a few years ago suddenly the grassroots word-of-mouth of force and movement started to happen with these shoes what do you think triggered that before roger federer. >> it is been great how at the beginning the pro athletes came to our doors and then went down to win, it's a fantastic journey
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with the movement of millions and because were coming out of a small country you also had to go global and now one has become one of the fastest running brands in 60 countries. liz: it's the fastest in north america but no doubt much of that has to do with the fact that roger federer router decided he was only going to invest but endow hall at the cutter open of march of this year the picture was snapped of him where he put on branded on ten issues and i believe next to him were the camouflage that he was wearing and when i say camouflage i say no logos but they were made by you guys how important of a role did he play in the design of the ten issue. >> for us it is a ways been
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about innovation and that's of course to complete the full experience in that resignation very much so she called us approximately two years ago and said come over for dinner so we just found we have the same dna and he decided coin mass and he spent 20 days in the lab last year so we've been innovating but he also challenged us of the tennis inspired sneaker. liz: to me as i look at the competitive landscape nike is the world leader in athletics footwear but when it comes to tennis they have serena, perhaps more importantly have an advertising budget of
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$3.5 billion, those are old numbers that was 2018 how do you go up against not only nike but brooks which is p play running on by warren buffett berkshire hathaway they have the power and the cash pile behind it with the buffett money, what is your strategy in taking more market share. >> one is living at the end of the section of technology and sustainability. this is how it's all around the world we have an amazing team working very closely with our consumers and our retail partners and our partners all around the world i have full confidence in this team that they can be successful and very competitive. liz: i know you're in apparel and i'm interested to know your next efforts, i know you have a hiking booth, will you start
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branding university shoes like under armour which has a new auburn university shoe out. >> we are a brand out of performance running in the natural progression that people said my most controversial running shoe that i want to run all day and everyday, and let us into thickness and running in all day customers as we call it these are some of the biggest segments in sports and the very discipline to execute on that because we feel were scratching the surface. liz: were watching it closely the stock is seen again on the debut of 48% and my favorite part you just slip it in, yes they are laces but you don't need that you slip in and you go martin david congratulations and well water company closely big
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competitive, thank you gentlemen. >> up next charlie will break on the battle that could decide the fate of the entire crypto industry when it comes to regulation and talking about an entire industry i don't think industry with all the same brush but boy is it tough to be a woman in private equity suzanne has done it the founder and managing partner at kinsey capital she integrated to the u.s. at a young age from korea she was working at age six sweeping her father's store floors and restocking shelves but in a tragic move he was murdered one night, suzanne charged for success here her incredible story in the finance industry and how she built her equity firm she is creating hundreds of jobs by saving companies, listen on spotify,
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liz: there is no way around this big trouble is brewing in china young china issued a profit warning for the third quarter expected hits on store closures by the delta. young china down 5.6% look at starbucks 5100 stores in china alone it is falling in sympathy is stands at $114.80 down $4 and
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change that is the third straight session to the downside the worst three day stretch since january. it is a question the government has yet to answer is crypto currency or security, a different investment and what is the security exchange commission concludes with triple x rp could set the rules going forward for the entire crypto world let's get to charlie gasparino not just for x rp. >> this is a pretty big case, not only is the sec suing ripple that issued x rp illegally without registering them securities and the whole operation and its illegal i'm paraphrasing but that's what they're saying, some of the x rp holders are now suing the sec as well saying the sec is applying
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different standards to different players accusing the sec officials of benefiting other crypto currencies like ethereum as they do business with the ethereum that is in some of the documents and i'm gonna be reporting more in the days and weeks ahead this is a pretty wild case of x rp suing the sec when this ball of wax unwinds a lot of people i speak to say were gonna get some determination on the future of the sec enforcement and how far it can crackdown what is the currency and what isn't and maybe congress gets involved in sorts this out what we have right now is a mess but look at it this way this is what the x or p people in the ripple people will tell you ethereum was created in 2014 it issued securities to create ethereum.
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much like x rp ethereum has been given the green light even though it didn't register any of the stuff ripple as you know is being sued what is the difference between ripple and aa theory ethereum, ripple is still building out the platform and ethereum is built out in its now trading like any other commodity not a security used two build something where you get something in return this is a great area if you see what i'm saying that's where this thing gets really murky the one thing i'll tell you is again there is a civil case if it's allowed to proceed they have taken depositions from sec officials on this case it's going to be pretty interesting how that works with the sec case against ripple and gary gensler the sec chairman taken over the ripple case and chancellor is going further to coinbase and other
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issues and other crypto entities. this is really big even think adults in the room has to come down and lay out regulations that are some sort of consistent and we don't have regulation by enforcement in the business is too big as $3 trillion a lot of major players and hedge funds like major player hedge funds these are serious people and there is a block chain technology which is the heart of the whole business in the token funds the block chain which makes transactions and it's considered revolutionary or could be revolutionary and needs to develop the only way to develop a set a whole set of rules, maybe the thing is i've been speaking with sec people and former people about it, they agree there is a regulatory mishmash, they raise this with
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the presidents working group on crypto currency could act as an uber regulator. liz: i don't know if ripple investors believe that the sec is going to be successful that crypto is up 4.7% over the past year the return is 408%. >> they don't have a bad case according to lawyers that i speak to look at it this way ethereum was created, they use financing to do that. they sold some crypto and some token i can't remember which one, either came out later, a ethereum and these are not trading now are not securities, the creation of ethereum is old and they trade out like commodities that standard is a
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most insane thing is ripple the only thing different is ripple is building out the technology there is a great area and they have it right they should do a safe harbor and try to get a presence working with the regulators. liz: it is early stages were in the months -- >> you do not want to stifle innovation, if you think this is going to work. >> i got it, x rp up 4.7% spacex getting ready to launch for amateur astronauts. but the content closer is here and they could launch report for leo into orbit, closing bell ringing in seven minutes we're coming right back, quite the closing bell. you've got to watch this transports are up 148 points. stay tuned. ♪ ♪ because we were created for officers. but as we've evolved with the military, we've grown to serve all who've honorably served.
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...which can lead to dehydration and may worsen kidney problems. ask your doctor about once-weekly trulicity. 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... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't...
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liz: tonight a historic venture by spacex will launch the first mission into the great unknown. look live at the kennedy space center. the mission, inspiration 4, is a three-day long mission that will take the astronauts around the earth as the space sector is heating up. our "countdown" closer is here with the stocks he says can take your portfolio to the moon. phil blancato, chief market strategist of advisor group. he is inijoining me now. phil, you don't invest in the spacek tore, but you invest in companies that you hope make a moonshot certainly. which are the names. >> i'm with airbnb. you go where you find value. look at the discount getting on value stocks and travel names hurt by the news on the delta variant and news around it. name, great brand recognition, only about half of what the market is up on the year. i think people will feel most
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safe to go. the fact someone else is home, where it might be clean, not a lot of other people are visiting. when you look at valuation, look at price to book right now, 29 times earnings, 29 times book. looking at a company poised to do really well when the market turns on for casual, leisure, i think happens by end of this year. liz: maybe sooner, right? let me say about airbnb, maybe even sooner as we get the booster shots going, you certainly can. we expect people will travel a lot more. i think the issue with airbnb is simply is enough opportunities and enough inventory, that is of course thinking very postively at the moment. let me go to microsoft. microsoft had of course huge news last night. >> when you see a company going to spend $60 billion to to back stokes i'm all in. don't get me wrong the stock is up 40%. long term price to earnings
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average, look at 38 times, historically been 24. the stock is not inexpensive. got a company making a third of revenue from the cloud computing sector it is the best cloud computing sector, safety, security, not to mention combine with suite office products. number one name in the space, no doubt built. increased dividend by 11%. add to it the huge buyback program. the stock is up 10 to 15% on the upside. long-term hold. hold it, leave it there, give it to your grandkids. liz: phil, we have 20 seconds. does this bode well as we head into a fed meeting where we get the big announcement? >> take the other side. no, i don't think. prepare yourself, five to 10% correction in the books between inflation, the fed, a tax plan that could really be draconian. i wouldn't be surprised we sell
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off five to 10%. on the other side is a great santa claus rally. spend 2 1/2 trillion dollars going into the end. year, enjoy the rally from november through december. liz: phil blancato. great to have you. thank you so much. what a day, the dow looks to close up 239 points. the nasdaq on a tear up 120. s&p up 37. that will do it for the "claman countdown" ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. we have a lot of breaking news today. much of it regarding the bob woodward, robert costa book called, "peril" the responses to it. yesterday at least on this show, we took the view, generally, if general milley had in fact spoken to his counterpart general li, without any knowledge of the commander-in-chief donald trump that general milley would be subject to forced resignation or

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