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

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he went through those so eloquently and we understand the story and i for one, i am buying the story and thank you so much and folks we started the week last front if you remember, the s&p 500, we are back above it and your once again once that last hour training is always tricky and that's why you've got to get out a pen and paper buckle up as a head over to my colleagues to go through it all is liz claman. liz: there hyperventilating essays printed towards the final mile of trade you're bringing one thing is for sure here, no one is fighting the fed right now predict a monster rally still enforced going straight ahead after the fed made it clear right during this yesterday. at least for now, announcements at a time the bond purchases. we do have the good times rolling, wall street down jones
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up 573 points that the s&p and nasdaq of 75 and roughly 2000 the biggest percentage gainer of 2 percent. it is 3:00 a.m. in china as the upper granite crisis remains. this is unresolved. that worried about moments still ahead, what is the nation's top china business watchers in his take on the fall of top property developer in china in real estate has been pressuring since the start of the year and the government campaign to show chinese capitalist just in months ago, an attack on china for-profit tutoring sector. and banning online tutoring, not so here in america kids are back in the classroom, nerdy is just going public and we have the ceo here and tell us what he is saying that online learning has post pandemic legs. right now the white house executives for top carmakers to chipmakers of the white house,
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the chip shortage is not stopping there a lot of with you see on your screen, the hottest new plug-in. and i personally want to see this mountain have you heard about this. we are going to show you that in this year's edition of the detroit auto show now called moser bella vita we can start with breaking news though, foxbusiness alert that at this hour the china situation is not over for unit while overnight in hong kong investors filed in word evergreen has vanished to pay one of its payments, 18 percent. it means the american depository and this year the trade here in the u.s. are plummeting right now as we kick off the final hour down 12.7 percent to make the investors get the reports of this demise bring one of the nation's top china economist is jumping in to tell us what he is hearing and it does not sound good. let's get to this, the problem child start of the week slightly
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mixed signals now, they're breaking out now, markets are moving higher after really been quite a 90 week. mandate now down in just a tantrum by the down s&p, now just faint memory and at this hour, both have climbed back all of those losses in effect, and turn positive for the week and the question is in the next 58 minutes, can they stay there and hold that predict this point it seems to be perceived as part of the minium turn and specially that he is a be jumping back above its 50 day moving average industries gaining keep in mind, we said this before, september is historically in the aggregate predict since 1930s, the worst performing month. so i should investors glean from all of these moves let's get right to our trainers, scott bowers. we could argue about whether monday selloff is just a paper train but you are buying close to the lows between monday and tuesday and sign into into this morning. i understand that you were
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buying and crush moves but then you are also selling for 81st did you scoop up during this and what you perceive is below. guest: just with excessive tivo was buying ford and disney and integra and those of the names i bought of the dip predict and of course to the bottom and then i turned around and suffered trading some attire just two days later, i took some profits and in the long-term position in sales because the leader in the s&p 500 today. listen they're all involved in the breakouts now and i'm going to be with these names for probably quite a while. ford and disney, ford i added to and disney and initiation for me. i have not been in it for a while. abundance of cheap relative to opportunity and then i had to be an just in case printed fronting. liz: i want to mention, it looks to close and 52 week high on
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very strong sales numbers here. i know that the company and you just may be still a little bit too early. guest: i'm still a long shot but this is my job is observed profit so i might not get indented the exact bob and god of the sales forces down tomorrow monday or tuesday, my job is to buy it back in a cheaper price and i sold it. so an excellent not the exact time but expecting to be with it for some time. i am a big fan. it. liz: that's right, and we will be watching this closely. give me the 30000 feet picture here, we have the event yesterday saying none for now but maybe november. do you believe, that might or might not come to pass. which one. guest: i think it's going to come to pass, we know, we absolutely know the paper is going to start amino rates are going to go higher the
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announcement yesterday was that was the goldilocks announcement of all goldilocks announcements. it is now happening overnight or not happening overnight but tomorrow or even probably not even next month. so we are seeing still the accommodation and i think that the market really dodged a bullet there, it really did. the fed is going to remain accommodative for a while and in terms of the second bullet that i think that the market dodgy dip and know you're just talking about this for now, the evergreen situation, yes, they are still under pressure here but the fear and the nervousness that came out last weekend with that we saw earlier this week. that is come to pass a little bit here. now that being said, i think we have to be concerned about a couple of things and. covid-19 obviously, that is not going away anytime soon conversely has something going into the end of this year, the supply chain issue which we have not gotten over and really made a dent in it.
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liz: we will talk a little bit more about that. to the polls get a little bit ahead of themselves, but. [laughter] and being so excited about everything happening here. and what will we see before that morgan stanley call of a ten or 20 percent move to the downside. guest: will morgan stanley is wrong about that a lot i think moving forward you have to keep the fed in perspective. yes they want to taper and that net rate hike but can actually get there. our legislatures right now are working on hammering out deals on the debt ceiling and infrastructure deal and maybe a much larger spending package. let's get all of that, you think will finance all of that. free market prices, we don't really like to put the bond market is for that so the fed is probably going to have to supply that. at a discount and i believe the negative real rates are probably
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here to stay and so is tina which is. [inaudible]. liz: sorry to interrupt, we have a 1.4 percent ten year yield as of yesterday we were about 1.3 depending on the moment. 1.314, we are at 1.40 at the moment. so again the best opportunity is equity is it not. this is barely any kind of payback. guest: absolutely great and one of the things with the sox is that we just got into a couple of days ago, we bought disney because it was opportunity prayed that it was a huge opportunity on that depth even though they said is going to be lower subscriber growth pretty quite frankly list, disney continues to grind here and get above that moving average area, i think it his 200 by the end of the year and also: was one that i absolutely loved on the deck. we bought it cream of the crop, trading revenues should continue to accelerate and were going to
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get a higher rate which is obviously always a help. liz: great to have you guys rated by the way, walt disney up one half percent, sales forces at the top-rated foxbusiness alert, multiple forecast in today's top stocks investors on gobbling of shares at the olive garden. the sing is forecast thanks to private and for sales in the latest quarter. yes, the breadsticks are a big winner. and the investors out there, the s&p at the moment, at the top. up 6.1 percent. and dow also rolling up on the guidance and long-term growth in profits and any plans for $5 billion share buyback. that is just candy to a baby, you've met the numbers you're seeing on the train, dell's of 3.8 percent after hitting a new record high earlier today pretty were just slightly off that session high. the earnings up, weaving is one
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over a crowd favorite, blackberry shares. everything is, surgeon, 11.8 percent of the moment. the homemaker may cybersecurity internet giant posted and narrower than expected loss and be on revenue estimates printed blackberry now sin ten . 68, red crowd, amc is the second session in a row after ceo and we told you about this. the theater chain was figuring out a way to accept those coins and the marriage of the mean point in the main stock lighting up with both amc yesterday and today and adding another percent from gains from yesterday and we do have this going up about a fraction of a percent standing at i believe 22 cents. is that when it is. we will check that to make sure but remember, in a high was 74
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says we have a long way to go until we reach that phrase already friday morning in china, so the question everybody is asking, it is often answered. has china made back multimillion dollar debt payment that was due yesterday. and after shockwaves through global stocks earlier this week we thought than china expert who has business contacts on the ground there now predict what is really going on, is the government truly preparing for national unrest. forty-nine minutes in the dow is gaining 540 points. flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com
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liz: is 3:15 a.m. friday morning and china right now the day after the country's biggest real estate developer and brian was do to make out the interest payment but while it's unclear the summer with the deck company which sells departments to hundreds of thousand chinese - past the deadline, the wall street journal already predicting the outcome, china makes preparations for iran
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demise as a headline here today, the report revealed beijing and asking local officials across the country to prepare for a possible storm which could mean the government has no plans to bailout them from collapsing under $300 billion in debt which the gigantic property developer was developed to pay in an interest payment due thursday in china. and a bond interest payment due next week. if everyman fails to settle the interest within the 30 day grace period, the company will default. judging by the american departs cherry receipts, trading right now, investors are preparing for the worst, take a look printed we are down now more than 12 percent for evergreen chairs rated in the american and chinese officials they been working with them for years and take keeping a close eye on this situation. chief economist. from what you are hearing on the ground, in every which as we
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know is growing under crazy amount of debt, did they make the thursday payment in the last couple of hours. guest: no. now we don't know that for sure because there could always be people who got paid but they're not saying that they got paid or anyone and nobody's come forth to say they've got paid and also make a decision there was one do they before that they did pay so what we are saying is them picking and choosing what they want to spend their money on in the may be true week as well. and as you said, there's a 30 day grace period. there are signaling to everyone that were not going to pay all of her desk and you better get ready which is of course is negotiating. and they are a tradition and they're not yet in default. liz: will that is a 30 day shock clock and is started now. it was behind the scenes from what you are hearing at the highest levels of the government. this is something that xi jinping would put his finger prints on at the moment. we know that the chinese
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government injected about $14 billion into the financial system of another direct bailout of evergrande but what you thank you so happening behind closed doors at the moment partied. guest: xi jinping is certainly involved, is been happening for a long time not being dealt with by local officials at this late stage and is very visible in matters to the communist party because of the visibility and because ordinary chinese were going to be affected if they out light and an outright collapse with evergrande so he is definitely involved in trying to see who will get hurt and who will get saved in this a political decision about some of evergrande's creditors are going to lose rated some of their positions and others are going to made whole they try to protect the financial system for the financial injection but who his going to be okay out of this and who is going to suffer, that's a decision is ultimately xi jinping has to approve. it. liz: okay i'm looking at 20
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stocks at the moment and some of them are just like in the red but they're certainly not like there is a great deal of worry laying down the basic chinese investor. what is the sentiment there as far as markets are concerned. guest: the chinese stocks are harder to interpret. if it was an american stock market i would say this is all priced and because it's seen a mile away and into 20 stock market, they don't believe in the government will allow evergrande to hurt a broad group of people in the creditors, you are at risk yes but other people, ordinary chinese and other companies, they see that monitor injection, they don't think this will spread. i just financially but even within the economy, they may be wrong but that is my guess is for the 20 stocks movement means. >> was crash to some of the borders here jay felt yesterday was asked specifically by lawrence about any kind of systemic part of me, contagion
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and they didn't seem concerned about it also is pretty particular to china and i believe those words. boy connections event remote ones, does evergrande have with u.s. company's whether they be real estate or knows if there's a problem with the chinese economy, is triggered by that, the material companies, still companies do to sell to china. guest: i would say in the financial side, the connection should be small which is why powell is not to upset read in a citizen been coming a mile away. if you do not have small-scale u.s. investors who are ignorant of the risk of china taking positions in evergrande bonds. it's going to be large investors who decided that the risk is with the return and i'm a huge company and i don't care and move on. with regard to an economic effect the china market was over the week before this and they can only become quicker and are going to see weaker chinese with some u.s. exports and we are not going to be the hardest hit.
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that will be commodity supplier to china especially iron or and building materials but we will have particular american firms who if they were counting on strong chinese economic performance in q4 and q1, they won't get it. it. liz: a speaker to our viewers who may be just getting this right on the radar. evergrande makes many many apartments in fact, they're still the process of building something have been committed or paid for by chinese nationals or even foreigners. i don't know but tell us what is going on in these apartments what is happening and we have some pictures of them on the screen right now pretty hard they finished, are people standing outside thanksgiving my apartment that i paid $300,000 work. guest: a lot of them are unfinished because evergrande started running out of money so course they have finished properties. no question about it over the concern is for chinese regulators is those unfinished properties. and people are going to move into them are going to use them as investment tools.
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their coming angry that they were probably lied to or misled in some way pretty and you mentioned it at the outset, the discussions in political discussions around the country, that's what local officials will have to decide. we will have to decide how to handle those unhappy property folders. if you make them all reviewed tell some of them know you took a risk you're going to have to pay the price. liz: yes and zombies by scrapers could both be coming predict thank you. motor bella, dino that is, the answer to the postponed international auto show, kicking into high gear. forget about the rain that you're looking at right now, will that chip shortage did the ability to get your hands on one of these hot new vehicles, right there live underground rated because mustangs, don't go away.
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liz: this chip crunch is getting worse, the better. do worry about the semi conductor shortage even though a lot of the stocks that are related to her looking decent and leading to a major meeting today between the biden administration and top executives from apple to intel and micro devices, taiwan semi conductors and all of those names are the reader now but also showing ahead of thousands of this meeting, auto type executives from general motors to ford and look at these here it is up three & and gm is up 2 percent. and also to a reporter right in the wrestling with the global chip shortage in fact quite a few of them and had to idle the plants and according to consulting firm alex research, this is a huge problem is chip courage is costly auto industry 210 plus million dollars and 7.7 million vehicles this year
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they just cannot produce. this is now slow down the detroit auto show which is taken on a new profile, and opened today at motor bella, taking the center stage for unit let's go live to arbella pretty outdoor show room in pontiac, michigan pretty have to show me the bronco mountain, want to see that think. guest: i will show you that but first you mentioned the av this we are now, this is a mock and then go ahead with this idea behind motor bella, it is to put people in the seats of electric vehicles. where bulge mode and this is what it looks like and feels like to be inside the marquis when it takes off. look at this. okay, well that was a good one. that is okay. punish me. [laughter] when you feel this, this is the
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idea that fort has, when you get into an electric vehicle, mixing huge difference. now there are questions other vehicles, the manufactured batteries for example. and a pop out of the car here i can't stand out of the rain event. if you think about the batteries, lithium batteries. where do they come from. not from warmth of the u.s. thank you sir i appreciate it. they don't come from the u.s., they come from over seas largely and so within the manufacturing here in some fashion. we talk exclusively today to a man who runs a battery of the vehicle program at four is and is all about in the future recycling and they can recycle the batteries and they will in the future and that is the key. listen to what was told. >> we have to look at the whole supply chain to make sure it's robust relief and asked a few days ago, this material and recycling as well because recycling can do more than just the right thing.
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guest: you know, you mentioned bronco mountain liz, watch this. kobo working with me know if you will. i would say, here in the rain. you rain on as i come look at that, 30-degree incline with an orange cathode going up there. i was on that earlier printed it will get your heart going elizabeth. liz: that is was so beautiful about this new sort of version of this auto show, motor bella read your outside and you can drive things all around, that is fascinating and the chp issue, i know is when definitely in fact, we have breaking news on that front edges to let you know, although pretty telling them that is time to get more aggressive on cement conductor short printed chip shoulder
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hundred shortage in the u.s. can make incremental progress in the next few months on what is going on with the chip shortage of folks, is been a lot of discussion in this country needs is the action we are watching is companies like apple say for going to make our own chips. not going to depend on overseas. so maybe we will see more of that. can students ever catch up after a year of pandemic interruptions to their learning. enter early, the talking to the seo next and what he is doing to help build the covid-19 learning gap keep delivering for the investors even as the learning as off-line. in the stock just went public we are going to take a look at it and hear their story pretty clearly bells ringing in 29 minutes in the nasdaq is urging higher bike 166 points and the s&p is at 58.
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liz: you gotta take a look at this in shares right now, if that indicates that it is better late than ever to come to an event or a party or certainly vaccine effort pretty the stock is jumping 11 percent now and apply for emergency approval of this covid-19 vaccine is a place of will and will help organization advisor are moving to the upside here and a 4.7 percent and pfizer of 1 percent a series of headlines. booster shot getting the fda green light in the u.s. for 65 and older individuals and people with pre-existing conditions in the european union also said to consider a booster next month as well. don't forget that pfizer and biotech first in line to say the vaccine is safe for kids. kids have become a huge point of focus now just as new york city public schools reopen the doors to thousands of many students,
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school districts will run the nation are dealing with the aftereffects of online learning mckinsey reports that k - 12 kids average are five months behind in math, and four months behind in reading. so which stocks stand to benefit the most rated online education from a parent company of varsity tutors, nerdy which began trading on the new york stock exchange on tuesday on ticker symbol nrc why, after completing a merger the tech opportunity core is currently up about 3.8 percent since the close on the 20th which was a tough day by the way. the founder and chairman and ceo chuck, you're in a busy space here. you compete with everyone and in different ways, tell me what niche you fit that is currently empty at the moment. >> thank you for having me on today i appreciate it and this is an exciting time to be an online learning and education and what nerdy does is online
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learning platform that leverages technology including a two trick live at the deliver high-quality asko and we can have expert learners in any subject anywhere anytime rated so historically if you wanted to get instruction or expertise of some sort, he had to do it off-line. and now thanks for platform were able to deliver online and have you learn anything you want in a highly effective engaging way. >> you saw incredible growth in the pandemic lockdown growth, is your timing of here. on going public just as the pandemic appears to have elise begin mitigating of tamping down a bit. guest: this is my perspective on a generation opportunity once in a time. as a catalyst online adoption and's expected to drive long-term adoption for many many years to come. some objections are predicting
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30 percent annual associated with online option. so in our business, we saw tremendous growth in the spring and throughout the past year and students took off a little bit of the summer and of schools have started in mid-august and the september we've seen demand for tutoring and other forms of supplemental education coming back in the we feel really good about our ability to deliver growth for the long-term and the incredible need that currently exists. and you mentioned a covid-19 related learning five plus months, students are behind, could take a decade for students to catch up we feel like we are uniquely positioned to help those consumers as well as recently announced of the institutional strategy focused on partnering with schools to help students on a districtwide scale party defeated are those conversations going and how would that work. guest: we have a platform and we are able to deliver some current
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terry platforms with instruction in a digitally enhanced way so super scaled abortifacient and at this point the supply side of the platform is algorithmically running when we connect and talk to district administrators, they understand the importance of tutoring specifically and specifically called out by the department of education recently us it relates to the american rescue plan the millions of dollars set aside focus on covid-19 learning loss. it the officials are aware of how important this was an school districts as well immersing a real focus and a real recognition for tutoring specifically, is one of the most effective ways to help solve this problem and given the platform we feel like we are well positioned. liz: i was part of this and i paid upfront for a bunch of
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tutoring and it's interesting because before covid-19, is really kind of annoyed at the thought and sore my kids and doing it via skype and now that, while people are so much more comfortable with doing it that way. have you been able to work with the china match students better i guess with better fits when it comes to the tutoring now that they don't have to be in the town next door. [inaudible]. guest: and when we connect you to one of several thousand people, we are able to find a better person for use of we been able to matching algorithms in the machine learning the better drive personalization and learning is personal going that connection between the expert more it matters a lot. and we have been able to extend the value in improved protection and engagement. and from the customer's perspective when parents perspective, the getting better person for them and knows how to
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tailor to their individual needs and were also able to leverage technology like diagnostic testing to inform the personalization printed. liz: unable to help with trigonometry self . guest: thank you for using that platform. liz: just having on public, taking a hit today but it is still up from his price. thank you very much. and known for making headlines for all the wrong reasons targeted year after year and as wells fargo stage coaches about to gallop ahead of its rivals. charlie's going to break the story next. add a guy, with a his job at the world trade center as he witnessed from across the river, the buildings and down, he said i'm going to quit my corporate job and pursue my dreams in
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liz: investors right now are nike earnings do out after the bell stock popping just about 1 percent estimates sitting at adult 12 and earnings-per-share
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chair and told of billion in revenue. the supply chain issues at of its main production of vietnam and concerns over china fails good way on today's report. to have a stock of 23 percent year over year for nike as stumbled down 3.5 percent since september 1st. but these could be good keys to nike success, the issues are so hot right now. my son and his friends absolutely love this really got a text today. mom can i buy these. i'm getting them, it is a deal read the next thing that i know, then mo registers the price. and all right, yesterday val said that that is keeping a close eye on wells fargo until it fixes its widespread problems. most running in the make and the sales practices, aggressive sales practices and others are
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saying that is stagecoach will soon be pulled by the bull. this stock is up 105 percent year over here. >> so about a month ago and major wall street ceo and we were starting to go through the competitors and what he likes is an investment targeted how about robin hood do you like that. he said no forget about them. and look at wells fargo's read there always in trouble these days. the funny scandals, expenses to codename a lot of problems, congress breathing down their neck and he said no, look at their stocks over the past year. this is low hanging fruit and he basically said this, they have a great management team in the road by charlie sharp. used to be one of the right hand man. and he is in there and charlie, that the most charismatic guy in the world pretty do not going up the mountain with him. and john mack was like that when he ran morgan stanley.
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a lot of executives are charlie's of that these very low-key. extremely low-key but extremely confident. what they are saying the inside scoop is on him, he his getting the systems regulatory systems and checks and balances in order. very fast pace getting down cost and you know, higher interest rate environment problem that probably going to get higher. in the banks do better than that pretty charge more pretty they lend more money and it cost more in the have a huge planning aspect in the whole thing about breaking them up that they recently said because they screwed up the ran into issues with that. and where they didn't settle the cases with these phony account scandals. not going be broken up. even powell thinks basically said that we will keep an eye on them but you know. he and i think that what is going to happen is going to be at some point, in the next year or so, allowed to grow.
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romans fed and sort of this cat because of that account scandals and it can't grow. at some point, when he gets his total act together, also the republicans taking congress because of the oversight of the banks the regulators will become not democrat, they will be republican you can see them getting out of the darkness with the fed charlie sharp from what i understand is doing the job and look at this. the stock is up tremendously. liz: wisest low hanging fruit printed this is a 506 percent year over year. guest: because he doesn't have to improve that that much. it is not that big of a deal right now. cost-containment pretty things sort of checks and balances so they don't have another money account scandal. because basically, big retail bank. and that is why they did so much retail banking and that is where they ran into trouble with the funny account scandal.
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then cross sell various products on the retail banking side. remember all of the bank seven trouble for cross-selling phonics between commercial banking and securities firms. this is not that, this was sort of internal because they had such a big retail banking presence. so again, management and getting costs under control pretty get out of the fed's doghouse which people are predicting pretty. liz: are you happy to be back 2 feet from me. have you guys seen the go boat, do you know what that is pretty can we show that. yes, it is a little logo on the floor and it says. [inaudible]. twenty-five the batman logo. this sort of the big sort of light that shines down. the flame is in the house brady. liz: will we have a mystery guest tomorrow. guest: if you are in the crypto business and you care about this and you care at about who base
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and the uneven attack against the crypto industry and you care with their has to say. watch tomorrow. we are going to be lightening up in the way the cnbc which represents the establishment. it is going to be crypto friday tomorrow. liz: all right thank you very much charlie, electric vehicle race, we are coming right back in seven minutes to the closing down. it's a wishlist on wheels. a choice that requires no explanation. it's where safe and daring seamlessly intersect. it's understated, yet over-delivers.
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♪. liz: 3 1/2 minutes to go before the closing bell rings. a rally like you cannot believe, at least at the moment. we're up 508 points for the dow,
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s&p up 53. dow has to be up 326 to be positive for the week. s&p needed to be up 37 to be positive. we're right there, comfortably above it. look at canoe shares. canoe shares are surging 13% after sighing first biggest spikes on wall street reddit chat room. i go on a-wisdom to look at this, third from the top. s&p h s&pside der trust, blackberry and canoe. it has become a meme stock. -- canoo. shares up 27% month to date, but our countdown closer says one of these is ready to win the ev race. he joins me now. which one. >> thank you for having me.
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>> which one? >> well, i, i would put my money, clients money on lucid. that space is poised for a substantial amount of growth. they're one of the only competitors being able to tackle tesla in a way that will work longer term. market share growing the way it will be over the next five plus years, you have ability to take market share what is going to be your largest competitor or pretty much owns it at this point i think they're very well-positioned. they have a great management team. that doesn't hurt on execution. liz: i'm with you on all of that, except the part where these cars are extraordinarily expensive. how do you get real scale when it comes to people who are going to spend that much, i believe around 69,000 for their lowest end? >> yeah, i think when you see with tesla. as the higher end of the market
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tends to be a little more early adopters, especially the stock market keeps going way it has, with a lot of money in their bank accounts. get scale with the manufacturing, how you move down markets. this will be a process. i think this is a longer term hold. this is not something that is going to happen overnight but i really do think they're so well-positioned to compete much more effectively and nimbly than the big automakers in terms of going after tesla. you have the market share that expands ability to take market share from the top competitor you will win. liz: duncan, thank you very much. ev names, fisker tesla, as well as lucid with 2 1/2 billion under management. dow, s&p up two days in a row, now positive for the week. i want to remind you in the crypto world, charlie's guest is
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one of the most, i guess watched, tomorrow, it is a mystery guest. he will begin tweeting. watch out for his twitter feed who it is starting tomorrow. [closing bell rings] join us 3:00 p.m. eastern right here on "the claman countdown." green on the screen. we'll see what happens tomorrow. "kudlow" is next. ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. so democrats are in complete disarray, save america, kill the bill. i think we've got them on the run. here to tell us all the latest is hillary vaughn, live from capitol hill. good evening, hillary. reporter: larry, well a surprise deal came with surprise guests, chuck seemer and treasury secretary janet yellen popped up at speaker pelosi's press conference to announce they made a framework agreement to pay for

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