estimates and i think the market today is getting that out a little bit charles. charles: i think so too we're seeing so-called value plays not really doing what they're supposed to do. michelle, ken that was a fantastic segment i have a feeling you'll be absolutely right. liz claman, these last four days have been tough on these closes we need to see it turnaround today. liz: yeah, you're that fundamental and chart guy, it's really interesting to watch here , and who knows what's going to happen in this final hour, because we do have breaking news the supply chain crisis at the nation's ports has become so serious, that some of the nations top ceo's in shipping and transportation are huddling at the white house with president biden who just began speaking moments ago. we are monitoring that we'll take you straight to the white house for the plans to keep the ports open now, 24/7, all kinds of wheeling and dealing with the unions to make that happen to try and free up the log jam. >> the dow is a land of confusion, as we kickoff the

final hour of trade. you know, one hour ago look at the intraday picture. it hit session highs, a gain of about 71 points, but the release of the fed minutes now is kind of forced it to lose all of its point gain, and more, right now we've got dow down 18, the nasdaq and s&p holding on to gains even as in nation ticks higher and not just the federal reserve. jpmorgan's jamie dimon warning it could get worse, any gain for the s&p and the nasdaq today puts an end to the three-day losing streak they have been suffering here. now the rally comes speaking of jpmorgan as the bank kicks off third quarter earnings season, top banking analyst dick bovey is here in a fox business exclusive to tell us what jumped out at him, not just in earnings, but ceo jamie dimon 's conference call, and what he expects for the other big names that begin reporting tomorrow. captain kirk went where no 90-

year-old man has gone before, we'll show you and tell you how william shatner's blue origin space flight went and how you can profit on the space rates, which is suddenly getting all kinds of attention. >> but let's start with the breaking news just as president biden works to tackle the supply chain drama that's been plaguing manufactures in america and quite frankly around the world. apple shares are still struggling at this hour, as the tech giant becomes the latest victim of the global chip shortage. now, apple's been worse today about $139 and change at 140.38 still down just under 1%, and the news is that bloomberg reported apple was projected to slash its iphone 13 production targets by nearly 10 million units. apple supposedly is really dealing with the supply chain issue, from its suppliers, broadcom and texas instruments. the leading semiconductor manufactures also dipped following the news as the tech crunch is apparently getting

worse broadcom is down a third of a percent texas instruments down two-thirds of a percent, sky works is part of the apple infrastructure and the sort of overhang that the halo effect, if you will, sky works down 2.5% but could help be on the way, as we mentioned president biden speaking right now, and has apparently made a series of commit ams to strengthen the supply chain. he's speaking in the east room at the moment after meeting with leaders from major west coast ports and national retailers along with shippers to shift hours of operation to 24/7 around the clock edward lawrence has been working the story breaking all kinds of news he's got the details, edward? reporter: liz, the president just said this could be a game changer, related to going to that full 24/7 in the whole supply chain from up to down, you know the president announced that the port of los angeles, today, is going to start moving towards 24/7 operations and service. you see the president still speaking right now. the white house says the president also got ups and fedex to move to 24 hour service

that list also includes walmart, target, samsung and home depot, to ship those services, in a 24/ 7 fashion. the administration believes that those six companies can move 3,500 additional containers per week through the end of the year now senior administration official tells me the move to 24 /7 service will fix the supply chain issues so i ask, how long will that take? the official after the pandemic until the pandemic is over, will see disruptions in the global supply chain and we're not talking weeks we're not talking months. still, the white house press sec says this is action, listen. >> we're coming out of an economic crisis, caused by a pandemic, but what we are doing is working to using every tool at our disposal to ease the impact on the american people, ease the impact on families, as we look to the holidays, but certainly, beyond that. reporter: and we've been talking about supply chains for a while, so i asked her, why it took so long to get all of these stakeholders in the same room at

the same time. the answer was, that they've been working behind the scenes with the supply chain disruption task force since june, but now, we finally have some action so the transportation secretary, he told me this , that they're looking at relaxing the truck driving rules, related to how long drivers can drive, but have not acted on it because they're weighing the safety issues of doing that. now in moving the ports to 24/7 service it will allow the truck drivers to pick-up in the middle of the night. the president says the operation s will speed up because of that, and the transportation secretary also told me that the trucks can make possibly two runs, because there isn't as much traffic on the roads overnight. so we'll see this is the start to end the supply chain, however liz, no timetable as to when this will all be sorted out. liz: well, there's going to be a christmas crunch, obviously, when it comes to anybody who wants an iphone 13 is going to be the hunger games trying to get their hands-on one if there

are 10 million units being sliced off edward thank you, interrupt us if anything more breaks. now while the president grapples with supply chain issues, the federal reserve is ready and prepped to make its next move. we got the minutes out, and this is why you started to see session highs, right after the release of the september fom c meeting minutes this is the most recent meeting from september. the fed, it appears, indicated it could begin pulling back on the accelerator of its $120 billion in monthly bond purchases, this is the process known as tapering you've heard that term, but the fed, according to these minutes, says, as soon as mid- november, maybe mid- december, but what they really want to do is make sure that they telegraph this so that the markets and investors don't freak out. consider yourself warned, everybody. but, aside from tapering, the market started to hit session highs because the committee also indicated that interest rates will remain low, possibly for years, at least many of the participants felt that way.

as for inflation, and it's so-called dot plot of individual member expectations for interest rates, that tightening could begin 2022 but again, they are really talking about keeping rates at or near lows for quite sometime. fed remains divided on whether to make the move on tapering consumer price increases in september continue to go higher, look at this. more than expected year-over-year up 5.4%, and of course, the administration frantically trying to get the supply chain unknotted because a lot of that is contributing to inflation, let's bring in our floor show traders teddy weisberg, chris robinson, economic conditions were likely to justify keeping interest rate at or near lows but they also said that inflation is continuing to go higher. i mean, don't we start to need to see rates go higher at that point and what does this mean for the stock market? >> well listen, anything that

would indicate that rates are going to move higher, liz, is clearly going to be a negative for the market because we've all been kind of drinking out of the same punch bowl here since the early spring of 2020 in this zero interest rate environment and clearly, that's put the wind at the back of the market, and then when you factor in the pandemic, covid recovery which i think indicated by delta's earnings this morning , even though the stock is down today, the fact is that delta is almost back to normal, in terms of their operations, so that's a pretty good proxy for the rest of the economy that the covid trade is behind us, and so what investors have to look forward to now is not a lot of positive stuff out there and i think that's why we're seeing choppy markets that we're seeing. but in terms of what the fed is going to do, i don't know how you can keep interest rates at zero if you have an economy that's going to grow. if they're going to keep interest rates low for the

indefinite future, that doesn't spell a very positive message to me, anyway, about the overall economy, so you know , there's a lot of cross- current here. you really quite don't know who to listen to. i know we're told don't fight the fed, but i mean, it's really tough for investors and i think it's also become very tough for the stock market here. liz: well, let me just make a point though, because you know, teddy, i love you, but if you say that the pandemic trade is over, i'm looking at zoom and peloton, both are moving higher right now. i mean, zoom is really soaring at the moment we're seeing zoom, peloton is up just about three- quarters of a percent but zoom is jumping 4.5%, that said, chris robinson, when you listen to all that's been happening and you see the cpi number, consumer price index showing inflation at the consumer level, where's the trade you're seeing? what flows are you seeing on the floor at the cme? >> well, i think you're going to see people continue to look to commodities as a hedge, we've

had recently across-the-board seven-year highs, still have crude oil right around that $80 level. i would watch that if you want to get a good view of where maybe the whole worldwide economy is going. i think with $80-barrel of oil that's actually a positive sign, a positive sign for the rest of the world staying on this recovery path. people talk about it's terrible where $80-barrel of oil, we're at 33 before the election. if you look at the life of contract for crude oil, go back to the lows, look for a long time 15 or $20, we got to the all-time high of 147 in 2008, right? $80 is right in the middle so we've come back to the midpoint, this feels like a reset to me and everybody saw the inflation number jump today, but one thing they neglected to talk about was all the people on social security you're going to get a cost of living now of plus 5.9%, so that's going to keep pace with that and hopefully, this is

transitory. we've heard that word so many times, it'll make your eyes roll , right? transitory but we'll see , and i think that this is going to play out not just for the next three months but maybe the next six months this took a long time to get this inflation to pop-up to where it is. we'll see if it does have longer legs than it currently does. liz: guys, great stuff. great thoughts, if we can just quickly look at a dow intraday, it is just punched up into positive territory, once again, as president biden speaks he is indicating that he will use the long arm of the federal muscle and law to start breaking up the supply chain bottlenecks, if the private sector doesn't make its own moves but again, as we mentioned and as you mentioned, federal express and as edward lawrence mentioned, ups now going to 24/7, some of the ports have negotiated contracts and deals with the union, i believe that's the union there, they will agree to do 24/7, walmart is getting involved is we're watching this very closely.

the dow punching back into positive territory, by about 5 points, teddy, chris, we'll see you next time. guy, beam me up bezos. captain kirk gets a lift from one of the world's richest men, actor william shatner blasting off today on a blue origin rocket as the space race heats up, procure am ceo this is the company behind the ufo exchange-traded fund, is here, on how he says you can profit from all the action in the great beyond. closing bell 48 minutes away, we do have green on the screen for the dow, the nasdaq is up nearly 100 points, "clayman countdown" coming right back.

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liz: actor william shatner, he is brave. he just became the oldest person ever to reach the final frontier , the 90-year-old shatner known for his portray all of stack treck's captain kirk blasted off in billionaire jeff bezos' blue origin rocket earlier today and after successfully completing a very short flight, but he did it. shatner called the experience " unbelievable and something everybody in the world needs to

do." no thank you. that will not be me. while space tourism might take a few years to hit the mainstream, space stocks and etf's are really growing in popularity as bezos and elon musk of spacex turn advancements into major spectacles here. let's get to the man running ufo one of the largest space etf, andrew shannon, procure co-founder and ceo. andrew, no doubt about it, shatner in space is great publicity for blue origin but what about for investing in some of these space stocks? >> so, if you look at what we saw today, this was really a story for space tourism, and something that we really have been seeing talked up this year, we've seen multiple space flight s, successful ones at that ; however, space tourism by the end of this decade is projected by many analysts to be roughly three to $4 billion annually when looking at the space industry as of the close of last year it was a $447 billion industry according to the space foundation, so it

really makes up a small part but the technology that's interesting is reuseable rockets , and they're doing this , they're using these and showing success, and this is driving the cost of accessing space down, which is a true game changer for the overall space industry. liz: have you, though, been able to gauge whether this , or jeff bezos' recent flight, or richard branson's blue origin trip, whether it pumps up investor interest? >> you know, many of the space companies out there, especially pure play space companies, aren't just focused on space tourism and even blue origin and spacex, which offer space tourism solutions, that isn't necessarily the big picture, that is one business unit, whereas a company like virgin galactic is a little bit more dependent on space tourism, although they are also looking at hypersonic point-to-point travel, so, people looking at how space tourism is growing as an industry, the one publicly -traded proxy for that is kind of virgin galactic but when people really talk about

their excitement for the space industry, it's companies doing a ton of other things beyond just space tourism, and right now, satellites, communications, broadband, internet are really the types of industries within space that are driving change and advancement of revenues for the overall space industry. liz: well yeah, let's be clear though, virgin galactic has a nasa contract, i believe it's for something like flight integration services, but let's, aside from talking about that name and some of the popular names that are in your etf, some of the names that i found really interesting is your wildly held, there's eu stat we can put these up on the screen, viasat, raytheon, ses, l 3 harris. these are lesser-known names and then you've got the names like g armin and iridium, we know the thats been a really big one, trimble, those names are doing pretty well today so you see the bump here, but how does

the u.s. stand when it comes to the space race, these publicly traded private companies? >> so the u.s. is a leader globally in space. that said, space is, you know, growing a very collaborative industry and it takes players and parts and pieces and services from around the world to really grow this industry. the companies that you mentioned , many people aren't familiar with them. ufo is a global fund that holds over 30 publicly traded companies from around the world specializing in all different areas of the space industry but when you look at the space industry as a whole, there's independence within such as you know, launch companies, satellite operators, manufactures, but some of the really exciting technologies that people don't necessarily equate to space like 5g, cloud computing, internet of things, connected devices, space is actually really important for their infrastructure, so in order for a lot of the technologies to work and be viable and to scale many have to use satellites and ufo is offer

ing satellite exposures for people looking to invest in space. liz: hence some of the other names and i want our viewers to know that while the s&p is up double-digit percentages, ufo is up 20% it is beating the s&p, dow, and nasdaq year-to-date. so, it's actually been a winner certainly for year-to-date. andrew we'll see you next time, thank you so much. >> thank you. liz: from a single espresso push cart in oregon to a franchise phenomenon, dutch brothers, leaving some long time restaurant chains lacking the energy to keep up. we're going to show you the stock and see what its done this week alone in today's pop stocks. >> with the closing bell 39 minutes away, right now, it's not just bitcoin, but quite a few other cryptos resuming their march higher, bitcoin is now above 57,000 again, this as a new report shows the u.s. is now the world leader in bitcoin min ing. cambridge center for alternative finances, china's retreat from all things crypto has cleared way for the u.s. to take the top

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so you can live your life. that's life well planned. liz: we've got a fox business alert, qualcomm take a look at shares holding up just fine after the company announced a $10 billion share buyback program. this particular buyback adds on to the one it had previously announced back in 2018, so the stocks up 1.5% the chipmaker also announced a quarterly dividend of $0.6 a share the news comes after the assent of the company's new ceo christianano amino back in june and look at chip equipment maker to look at xylinx and amd, up 3.5%, and those two are sitting among the top tiers of the s&p, and applied materials up 1%, looking pretty healthy. >> a shot of caffeine for dutch

brothers at this hour, stocks are powering higher by 8.7% just under a month since the company chain went public, a slew of bullish analyst coverage recently has propelled and pushed shares higher by about 17 % this week alone. ticker symbol rose. dutch brothers now trades at a higher market cap than cheesecake factory, texas road house, and wendy's. >> and in a classic case of if it's not one thing it's another despite reporting its first profitable quarter since the pandemic began, delta airlines shares are experiencing some turbulence. the stock is down about 6% right now after the airline warned today that higher fuel prices will be a headwind in the fourth quarter and may impact profitability. what could make this percentage pullback a buying opportunity, right? because the stock has been much higher at $52 over the past year tomorrow, delta airlines ceo ed bastian is going to make his

case to you and us and join the "clayman countdown" 3:00 p.m. eastern, we'll drill down on the outlook for business travel, employee and passenger vaccine mandates, and much more. ed bastian tomorrow on the "clayman countdown." by the way, delta, of course not the only company that beat on earnings. jpmorgan chase, yeah, looking really good, showing a better-than-expected profit but ceo jamie dimon is issuing a fresh warning about where inflation could go next, but does he fear for his banking business, because of that? you're about to hear what dimon said and famed banking analyst is in the house to gain banking earnings and who stocks look best and worst in the sector closing bell 32 minutes away dow jones industrial down 15 struggling to hold on to the green but the s&p is up 7, nasdaq better by 80 we're coming back with dick bove t one of the best in the financial analyst business.

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liz: even though jpmorgan beat on earnings, which were reported this morning, the stock is falling down about 2.7%, yes, they exceeded expectations, big banks begin reporting third quarter results but the markets just don't love how they beat expectations. okay, so here's what happened. jpmorgan reporting $30.44 billion in revenue, $3.74 per share in eps, and in essence , a lot of the profits were propelled in great part by the release of reserves that had been put aside during the pandemic. ceo jamie dimon got on the conference call, pandemic, and that's all in the back mirror,

which is good, so by a year from now there will be no supply chain problems. liz: okay, hopefully, but guess what? jamie dimon also said, dick bovet, that he says, inflation is definitely going higher although he's not worried about it for the bank. let's get to you and what you saw in the bank's quarterly release numbers and we've got a whole bunch of other names too, with odeum capital thanks for being here so let's tackle jpmorgan first, dick. >> okay, basically, what you said is exactly correct. all the banks who have been having a great deal of difficulty in increasing their operating earnings, but what they've been able to do to obscure that fact is continue to reduce their loan loss reserves. now in the beginning of the year , investors were accepting the fact that they were doing this , and did not hit the stocks, but now, investors are saying oh, wait a minute, you know? we've been nine months into this year, and these companies can't increase their operating

earnings, if they can't do that, and they continue to play accounting games, how much can they be worth? and i think that that's one of the key reasons that this , you know, jpmorgan number frightens most people. in addition, jamie dimon frightened most people. he said three things. number one, he wouldn't commit to the fact that inflation be transitory. number two, he said the base case for the economy, even though he said it's going to be higher, is not going to be as high as it was a few months ago, and number three, perhaps the worst thing he said was that he's on the 10 year program to allow the bank to meet the competition in the marketplace, and what banks have been dealing with all year is not the fact that there's excess liquidity in the economy, but the fact is that they're losing market share. they're losing market share to the capital markets companies, and they're losing market share to non-bank financials, and therefore, what jamie dimon

projected today was a little bit of share as to what jpmorgan is going to be over the next 12 months and that's resulted in the selling. liz: why isn't he fearing inflation? he said yes, it'll go higher, but as inflation goes higher, maybe the fed starts to raise rates, that helps bank earnings obviously, because they can charge more for lending, they make more revenue, but he also said people are still going to open bank accounts, and still going to be fine with inflation at least for the banking sector. let us spin it forward to tomorrow. we're getting a whole host of names, wells fargo, we've got citigroup on deck, which ones in these names do you feel will do well and what are you concerned about with some of the other names. >> okay, okay, just going back to inflation for a second. remember, banks make a fortune, in inflationary periods. i mean, in the 197 oh,s banks benefited enormously from inflation, because their unit volume goes up and their margins go up, but in terms of the company's coming out, the

one that i'm going to be looking most closely at is bank of america. bank of america has been losing market share on a consistent basis now for a few years, and bank of america as a result has changed or turned over 25 top executives in the company to get the bank back on the pace of trying to increase its share growing its business so if they are able to do that, i think bank of america could be an extremely interesting company wells fargo is in, i think, the same position as most of the other banks out there, it's dealing with the fact that loan volume is weak, margin is under pressure and it's still facing all of these problems with, you know, fines and problems with litigation, but i think wells fargo will emerge as one of the strongest banks in america, over the next few years. citigroup is an international player, and i don't like international banking at the present moment. china being one of the big reasons, you know, for that.

i think that citigroup is the weakest of all of the banks that i just mentioned, and therefore, that's one that i would tend to stay away from. liz: citi down about half a percent most of the financials are lower today. give me a one line on goldman reporting friday. >> i love it. you've gotta buy goldman, you've gotta by morgan stanley. they are going to show big numbers and show big numbers because merger and acquisition business, which is their most profitable business, soared in the quarter. some said well jpmorgan had a tripling and even smaller companies, jefferies, tripled its money from m & a and these companies are the leaders in m & a so you've got to be buying goldman and morgan stanley. liz: dick, always a pleasure thank you so much for coming on. >> thank you, liz. liz: the kracken has been released, the nhl season underway but the newest franchise debut, the seattle kra cken, i held up that t-shirt today, not the only

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liz: okay, what happened in vegas last night simply cannot stay in vegas, because it involved a giant sea skid. look at this newerring the national hockey league season opener last night the las vegas golden knights gave an insane pre-game show where a golden knight, the left part of the screen, skated on to the ice , to un unleash and a virtual

kracken, the newest nhl franchise, in the end, it lost its first-ever game to the knights final score, 4-3, but the league itself continued scoring today, i was interviewing commissioner gary betman on stage this morning at sports business journal caa world congress of sports conference when betman broke the news that the nhl inked a brand new sports betting partner deal. here is how it went down. >> you guys have six north american partners, three international, what is the plan to build that foundation even higher? >> so we break some news, draft kings is now as of this minute, to be announced shortly, our ten th, our newest gambling daily fantasy and sports betting

official partner of the nhl. >> [applause] >> so in addition to being an official sports betting partner, they have rights in i- gaming for branding and daily fantasy and we think fantasy sports and free-to-play games will continue to be important in this space. as it evolves, and we're in the infancy of sports betting. i mean, what it looks liked to and it's exploding. liz: betman would not give financial terms of the deal yes i asked but in addition to the nhl deal draft kings announced a deal with new nhl partner turner sports and its bleacher report to be the exclusive sports book and daily fantasy coverage. drift cranks picked up a bit on that news we have it higher by 1.8% rncing higher all day long, turner parent, at&t, discovery will take ownership of warner media earlier next year, discovery is up 3.5%.

online gaming companies mixed on the news, and we're looking at pen gaming, engine media, and skills, we do have pen and skills higher, engine media was higher earlier it's lower right now. charlie gasparino sources telling him republicans are going to bat for citadel securities, and chief ken griffin, ahead of the sec's long -awaited meme stock report. when is the report coming out and what's going on? charlie: its been delayed i hear liz: you told us that yesterday. charlie: it's supposed to come out last week, it's day by day thing. it could come out tomorrow but it was supposed to come outlast week, it was supposed to come out friday and we hear there's some give and take with hester pierce, and jay roys man, the two republicans are both essentially objecting to some of the conclusions and now there's something else going on at the sec that involves market structure, massive changes. there's a potential rule that they're pushing that gary gensler wants out there. those two things together have a lot of republican operatives

that work in washington, work on wall street, saying there's a political angle here, because those two are pretty much aimed at the business model of one of the biggest firms out there that's run by a very prominent republican and that's citadel securities. goldman sachs sucks up a lot of ink, gets a lot of noise, jamie dimon, people talk about -- liz: dick bove loves it. charlie: citadel? liz: goldman sachs. charlie: this firm is a real investment empire powerhouse, there's a securities firm on one side, a hedge fund on the other, ken griffin putting it together and he's given over $100 million over the past decade to republican causes. he's donated to three democrats, based on what we can see. he gave money so obama, he gave money to eric adams the new york city mayoral candidate, he gave money to ram emmanuel who is the former mayor of chicago, citadel is located in chicago.

he's given them a combined 200,000, he's given republicans a combined 100 million. i think it was 108 million to be exact. this has a lot of republicans crying foul and saying the reason why gensler is so obsessed with payment for order flow, that's the process when robinhood can charge no fees because they sell the buy and sell orders to firms like ken griffin and trying to make a scandal out of this is because it's ken griffin whose benefit ing and a lot of this is being motivated by elizabeth warren. now maybe this is a conspiracy theory. i can't get into gary gensler's head. i can't get into elizabeth warren's head, but still, to this day, i have not seen good evidence as to why the stuff that ken griffin does with payment for order flow is such a horrible horrible thing. that i want, no one has ever been able to give conclusive evidence that because you can trade with payment for order

flow, somehow, ken griffin is running around on the other side of that manipulating markets, screwing over the retail investor with poor execution. there's no evidence. i don't know why. liz: it's more of a problem for names like robinhood that's their source of revenue and if it does go away or regulates somehow. charlie: that could be a problem liz: robinhood is in trouble. charlie: that could be a problem but so that's where this sort of political sort of element comes into it, where people are saying , if he doesn't have good evidence, if it looks like the markets are running pretty well, which i think you could say they are, we're not having flash crashes, you know, okay robinhood had some problems clearing earlier in the year, but they got it fixed. retail investors, the small guy, the little guy, the little girl, or little gal, can trade pretty seamlessly, cheaply. there's no evidence -- liz: try free. charlie: there's no evidence

that the execution is lousy, just a lot of noise. why is he doing this? and i'll tell you, its got people thinking this is political angle, that it's just because how many more republican s, you know, on wall street give them the type of money that ken griffin gives, the coke brothers one of them is dead, but coke industries, i mean, charles coke, he's on wall street and runs a private company. this is a big story inside washington. liz: yeah, there are other billionaires heavy on the democratic side, mark lazary charlie: why aren't they investigated and people looking at their business model by the way mark lazary does a ton of public printer fund money, i'm sure he manages a lot of public pension funds for democrats. liz: i'm not sure. charlie: i think he does. why isn't that being investigat ed by gary gensler? you know? do you have an answer for me? liz: no, i'm thinking i'm so stuck on kraken, and un

leashing the kraken. charlie: don't you remember that kraken was that other thing that election stuff. liz: seattle already had the name before somebody else said release the kraken. charlie thank you very much, charlie gasparino, nat gas lighting it up this year, more than 90% and today's countdown closer has a nat gas stock he says is the one that will light the fire under your portfolio. just one. eight minutes away from the closing bell, well look at this. color me green, the dow is up 28 points, let's see if it can close there. . . o tailpipe.

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♪. liz: okay, then. we about to end this three-session losing streak for the s&p and the nasdaq? that looks somewhat sure thing with four 1/2 minutes to go before the closing bell rings. the dow punched back into positive territory up 13. let's get to this. as europe and asia scramble for natural gas and oil all kinds of issues there. russian president vladmir putin is hosting the annual conference today, russian energy week. putin denies that russia withheld natural gas supplies supposed to go do europe as a energy crisis has taken firm hold of the region and the united kingdom. natural gas prices surging 100% this year. our "countdown" closer says you want to pick the right name? he has it for the runup. he is with clearbridge investments. 119 billion under management. michael what is your preferred name in nat-gas? >> we lick williams corp. williams is the largest u.s. gas

pipeline country. move a quarter to a third of the natural gas consumed in the united states. what we like about williams a very strong cash flow with leverage short term of rising gas prices not a commodity produces which gets paid on volumes. we see attractive growth going forward. for a company that yields 5 1/2% today. we expect the company will grow its dividend in the mid-single digits and importantly we think as the world thinks about energy transmission to think about reducing the carbon footprint, natural gas can help achieve those goals as a transition fuel. we see williams yield 5 1/2% and single-digit growth and long runway for growth and relevance and a good story to tell with esg what it can do for the environment. liz: is p-e ratio about 24, is that expensive or siftings in your target area?

>> pipeline company pe can be distorted, depends on appreciation and where they are in trajectory of cap-ex. we look more on free yield cash flow basis. on stock yields 8 or 9% which is attractive. >> normally like vulcan materials. it is normally a infrastructure play. it is a infrastructure play. we're in the middle of a supply chain crisis. president bade made announcement in the past 40 minutes, he said if individual companies don't step up to start developing and clearing out some of the bottlenecks then the federal government will start to really move in. they're pushing for 24/7 operations, et cetera. where does vulcan fit into that particular piece? because if companies are going to start building out that kind of supply chain infrastructure here in the u.s., can they really benefit from that? >> yeah. so the answer broadly speaking that we think so, yes.

so vulcan is best in class aggregates producer. think gravel. gravel is a terrific business, with lot of pricing power, very high returns and we think they're very well-positioned for growth in part what you're talking about. combine that with a recovering economy more broadly, a pick up in construction and we do expect the infrastructure bill to pass. we see constructive backdrop with strong economic activity and improving infrastructure spend and a lot of pricing power in the aggregate business. they should be able to take advantage of this not only with growing volumes but rising prices and margins. liz: we have 20 seconds left. are you still positive on longer term bull market here? >> i think we're positive on economic growth in the short to intermediate term. like a lot of others we look around the markets today and see a lot of volatility and see a lot of performance we've had the last couple years around think that you know, probably more muted returns going forward than

we enjoyed. liz: michael, portfolio manager at clearbridge investments. nearly 200 billion in assets. nice job, michael. [closing bell rings] liz: zap and s&p and nasdaq look to snap a three-day losing streak. the dow is too close to call. it has been very jittery and hugging the flat line. that will do it for "the claman countdown". ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so in the midst of a national emergency, that of backed up supply chains affecting almost every nook and cranny in the american economy president joe biden may have stumbled into a partial solution involving guess what? america's great private sector businesses. so joe biden meets business. well, not exactly. because during his