liz: profit taking about to put an end to spectacular record runs, markets slipping right now after the dow, s&p, nasdaq, and russel 2000 closed in record territory, just yesterday. the nasdaq's longest winning streak since 2019 looks like it's about to come to an end, at 11 days. okay, not bad, right? profit taking, might be something else but it's a totally different story in the crypto-verse right now, bitcoin look at this , notching a new record high, it stands at

66, $766 after popping above 68,000, ethererum also breaking its record crossing 4,800 for the very first time slightly below that right now at 4,744, and litecoin right now, jumping 18% to $266 now as crypto goes mainstream, don't all leaders of companies need to be at least talking about it, and looking at it? well, we've got two ceo's, two leaders of two companies we're going to ask them if they see digital currencies in their crystal ball, the president of the marriott international company tells us if you can soon pay your incidentals with bitcoin and what she expects to see as the u.s. international travel ban comes to an end and what they have cooked up for visitors as visitors look to flock the hotel around the world what about a fancy yacht? we're going to show you. no problem with the supply chain crisis, as its secondhand goods

are already in stock, we're going to talk to its ceo and co- founder about staying ahead in the retail game by turning hand-me-downs into cold hard cash, we've got to start with this fox business alert, is it off pay pal or amazon? it's not off amazon, which is jumping two 1/3% but pay pal is drowning in a deep hole as we kickoff the final hour of trade, shares are down 11.5% putting the payments giant at the bottom of the s&p, even after announcing a deal with amazon, to offer its venmo payment service at checkout. any announcement involving a partnership with amazon was sure to pump up a stock but paypal is swimming upstream in part because it missed wall street quarterly estimates and gave an anemic revenue forecast. venmo which paypal bought in 2013, the app processed 60 billion in payments during quarter but paypal really

struggled to make money, the whole payment sector is struggling, pay pal, square, visa, mastercard, are all trailing the s&p and nasdaq this year. we do have this breaking news. we are seeing a big move higher in the wall street fear gauge. take a look at the vix. it's jumping 4%, it was up 6% earlier, that's the fourth day in a row that this fear index has been climbing and stocks are kind of reflecting investor angst here, all three major indices are heading back down towards session lows; however, they are off certainly session lows especially for the dow. s&p is on track to snap a nine- day win streak, look the bulls could simply be taking a breather, or they turn tail on the hot inflation reading we got today. the october producer price index , which gives us a sense of wholesale inflation, rose six- tenths of a percent in october but it's the year-over-year jump of 8.6%, that's the highest read on record, that has people turning their heads. some of the most popular momentum names are getting

trampled as the bulls turn tail, let's show you some of them. tesla. tesla is cratering about 10 1/3% at this hour that's the biggest one day decline coming after elon musk pledged via twitter to sell 10% of his tesla shares. also, not helping tesla is that rival ev maker rivian has raised the price range of its ipo from 57 and 62 to between $72 and $74 now, rivian has a huge order from amazon begins trading tomorrow on the nasdaq under the ticker symbol rivn. palontier technologies also one of the hot names taking a dip of 8.8% right now, even though the software company, the data giant, posted higher-than-expected third quarter revenue, at $392 million , that's a gain of 103% year-over-year. not helping right now and the silver screen is turning a deep shade of red at amc, yes, the wall street bets reddit

crowds favorite name is down 10, call it 11% even after posting a much smaller than expected quarterly loss. just days ago investors were experiencing fomo with these names should they buy at this levels? let's get to scott shellady and scott full man. a bunch of momentum names considerably discounted paypal included tesla, time to buy these names or some we haven't just talked about but are getting hammered right now. >> you know what? there's this , a term for it. what happens when you're looking to buy a car, say it's for $10,000, and that car goes on sale for $6,700 or $7,200 you snap it up right away but for some reason when it comes to trading stocks we're always a trade and we don't get involved so when you get a discount on something you want to buy anyway , the best thing to do when we talk about equities is to jump in and do it because think about it. we've already got a record amount of cash out there right now. we've just passed a $1.2 trillion infrastructure

spending bill and we're talking about even more money to be thrown on top of that. where else are you going to put your capital? we've just had this meeting, a conference call late last night i was in. where is the competition for all this money? it's not in the bond market and look what's happened to bonds as of late. that's the problem. the only other place we can think of competition is in real estate and i just got a report of farmland in illinois selling for $21,000 an acre, so if stock s and real estate are going to be the two things and historically those are good things during inflationary times and the fed is going to get involved here and try to stop this inflation but we have a tail of two cities, a lot of inflation on one hand and a lot of cash on the other so that would lend you to believe that's a place to put it there's no other place, i like it. liz: yeah, well, i so agree with you. fullman, the dow, s&p loss leader is visa, down about 3%. visa is not disappearing. it is not going away and the consumer will come back, you've gotta believe in the

united states of america. that's what warren buffett would tell you. >> i agree 1,000%, liz. look, the market started off the beginning of the strong seasonal sector season on a high note. we didn't have any real major corrections during the weak seasonal season, and then we add-on to the fact that everything was hitting new highs , we got overboard on the markets indicators. then, on top of that, now you have the ppi number comes out that's just an excuse now to start taking some profits in here, and let the market back down, but, it's a great opportunity to get in and shellady is right. the fact is, equities really are the only place that offer liquidity that investors can go into. real estate could be a very good investment. you're tying up your money for a period of time, but if you go into stocks, you're not. you can get in and out, anytime you want and there's

great names that have been running up and it really ran ahead of themselves that we should be buying in here, such as advanced micro devices, and t rex and target. you take a look at these companies, these companies have had some decent moves. trex has been up the past couple of days but target has been a really great operation through the entire pandemic. they've really positioned themselves well as a leader and they are coming out as a leader. i think there's a lot of opportunities in here to buy these companies, and even buy them a little bit lower than where they are now, because we're probably not going to get immediately reverse or higher and one other thing you were noting about vix earlier. if you look at there are several of these indicators. all of them yesterday had negative divergence so we had signals of the market being ready to pullback for today. we just needed that confirmation

and i guess investors needed a reason that was it. liz: right and scott shellady i'm looking at the 2q down three -quarters of a percent and what's interesting is not so much the loss, it's not that big , but the volume is considerably higher than the 20- day moving average for the nasdaq 100. i mean, what does that tell you? >> that tells me it's healthy if you see trade like that and the market isn't doing too much. you have a lot of people with opposing points of view battling it out to make their plays and that's healthy and to your other guest's point. when you talk about the competition for the dollar right now, and the investable asset, it really, that's a problem so you want to take it into some of those retail plays, retail investors are going to come back and what i'd like to put a final cap on here, liz, is this. it's going to be too late once you get these supply chains sorted out, and we will get the supply chains sorted out liz: yes. >> once they're sorted out that horse will have left the barn,

and you'll miss those opportunities that sometimes are staring us in the face when it feels maybe a little uncomfortable but again, we are going to have these things sorted out and at the same time we sow ortando thousand supply lanes, the investors and the consumers, the average system will have so much investable cash sitting on the sidelines it all adds up to something that i think is pretty good. liz: and i'll say if good companies going through tough times and that may just be a window of a single day or a session at the moment we've got the dow down 170 points the s&p lower by 20 and the nasdaq down 106, the great scotts, we thank you very much. all right, fox business alert. the star of the session, its got to be roblox. look at the gaming platform, this runs its own metaverse surging a record amount during the session after third quarter bookings beat estimates. roblox saw players flock to its video games, adopt me during quarter. keep in mind though, even as we

see this 39% gain for roblox, that they have this halloween breakdown of their platform when users lost access to roblox, that occurred in the current quarter. okay? so we're still waiting on that. things could get a little rough. we're just sending up the warning signal letting you know ahead of time. fellow video gamer zinga surging due to strong ad revenue, which is up 9% and let's get to big news in the transportation sector if we could. look at luminar jumping 18.25% right now after nvidia picked its lidar solution, and putting together a system that automakers can use for drivers safety features, lidar, which stands for light detection and ranging is the effect that helps self-driving vehicles gain a three-dimensional view of the road, so you don't hit things.

evgo shares charging higher after the public network of fast charging stations said it has expanded its collaboration with general motors for ev fast chargers across the u.s.. evgo jumping 9.25% this will now bring the total number of stalls to 3,250 through the year 2025, gm down 1 two-thirds percent, and hertz global second round at being a public company, hitting a red light. the rental car agency which emerged from bankruptcy last year fell short of its offering price level of 29 a share, it's at $25.98 right now, and of course it just gapped down at the open. well right now it's down 20%, keep an eye on that even though retail buzz is strong with hertz because its got that tesla deal traders are reporting softer- than-anticipated institutional demand. just as airbnb releases scores of upgrades to jazz up service and innovate traveler

experiences, hotel chain marriott international no slack er either when it comes to extended stay bookings, even ones that float. marriott president stephanie len ar joining us next to tell you how marriott is driving future growth in the leisure segment the newcomb barack obama and business and leisure. closing bell 48 minutes away the dow is lower by 175, the "clayman countdown" is returning in just a second. (judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money?

(judith) yep, we do better when our clients do better. at fisher investments we're clearly different.

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liz: airbnb unveiling more than 50 new features for travelers today just one day after the u.s. lifted its international travel ban. the upgrades to the home sharing app include verified wi-fi speed s, accessibility search, review translations for 60 languages and rental searches for up to a year. after a 13% run-up since just the start of this month, airbnb shares pulling back just a bit by 3%. marriott international is one of the nation's top travel brands, with more than 7,000 properties in 131 countries. it's also one of the legacy companies airbnb is working to

disrupt, but marriott international is ready to do some disrupting of its own, we welcome the marriott international president stephanie lenarth. okay, stephanie it's now the second day of the reopening of america to international travelers. please talk to me about what you are seeing as far as bookings are concerned. >> well we are thrilled, first of all, that the ban has been lifted which has been about 18 months from when international travelers could come back into the united states, so we're thrilled about that. it's particularly important in markets like new york city, la, chicago, washington d.c., that are very dependent on international visitors. in new york city, for example, over 50% of the spending is from international visitors, they stay longer, they spend more. for our company overall, we're about 95% domestic soho list ic ily it's a relatively small piece of our business but for gateway cities it's absolutely critical and it's wonderful to welcome travelers back to the united states. liz: i know, everybody is feeling it.

it's fantastic but what about pricing? because, you know, i'm sure in the big cities you can still command quite a high price, but what about revpar when talking about some of the secondary cities, revenue per available room. >> right so we just announced our third quarter earnings which were quite strong and headed in the right direction in terms of the recovery. so our revpar, equivalent of same-store sales for the third quarter was down 26% compared to the same quarter in 2019, we always compare to 2019, and while that was down in the second quarter it was down 44%, so headed in the right direction. liz: absolutely. >> but to your question about pricing, rate was only down 4% versus 2019, and we're excited that we are able to where the demand is there get pricing back into our hotels. in the last downturn, 2008-2009 it took five years for rate to come back so we're pretty pleased with the pricing power we're seeing.

liz: let's talk about disruption sitting in the very chair that you're sitting in right now, just a month or two ago, was brian chesky of airbnb. they are killing it, rocking it on all kinds of developments targeted specifically at international travelers. what are you guys doing that does something along those lines we should talk about the big announcement regarding ritz carlton yachts. >> well, you know, first of all i have a lot of respect for brian and what the airbnb team has done and they're lean ing heavy into not just international travels but leisure travel which is explod ing. of course in our case, we have 30 brands across every price point, ritz carlton, courtyard, don't worry i won't name them all but we have a depth and breadth in terms of our brands but also in 2019, we launched a home rental offering. it's much smaller than airbnb, but we started with 2,000 homes, we're up to 45,000 homes, and it's really positioned for a marriott bonvoy members we have

157 million members in our program and these are all premium and luxury homes, all professionally managed, very strict standards, but you can earn and burn your loyalty points, which is one of the best parts of homes andville as. now, we've added ritz carlton yachts. ritz carlton yachts will sail, our first ship will sail in may of 2022 from lisbon to barcelona , it's ritz carlton at sea with all the first class wonderful service you get at our hotels. it's going to be spectacular and we just announced that marriott bonvoy members can earn and redeem points for yachts too soho tell, homes andville as and yachts and various partnerships. liz: and you can do bleisure, can i ask you something we're asking a lot of our ceo's these days. cryptocurrency is now a thing, whether people like it or not, you have lots of companies jumping on the bandwagon, and allowing payment with crypto. has marriott been a part of any

conversations to at least consider what hotels on the screen do right now, these are luxury hotels like the kesl er, would you consider and have you had any conversations about cryptocurrency and eventually accessing it? >> yeah, we are always thinking about new ways in terms of payments. we want people to be able to pay the way they want to pay, so we've done a lot of interesting things over the years, accepting things like alipay in our hotels so one example at marriott is we're always open to figuring out how we can make it easy, no friction to do business with us so we're always exploring new payment options. liz: is it a possibility? >> i think we'd be open to it. again always kind of exploring what the consumers, how do they want to interact with us, and whether it's crypto, another type of payment, just always exploring the opportunity. liz: well today, with bitcoin jumping above 68,000, there are a few more bitcoin billionaires

so they might want to be on that yacht. great to have you stephanie. >> wonderful to be here. liz: please come back we're following everything that marriott does. guys they have so many different brands, so thank you very much. >> thank you, liz great to be with you. liz: ceo's have been screaming for help in breaking up this epic supply chain log jam that we've seen at the nation's ports. president biden announcing today that help is on the way to the critical coastal ports. he'll head to the part of baltimore tomorrow to unveil details but we're about to show you how one small ohio company might just be able to solve the nation's biggest shipping headache. oh, what is that? well you have to stay tuned closing bell ringing in 37 minutes we'll take you live to the buck eye state, next.

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passed but not yet signed infrastructure bill in order to alleviate the backlog at u.s. ports. this bill includes more than $17 billion to improve coastal and inland ports all along the u.s. border. the measure comes as the u.s. faces a record breaking number of container ships causing major disruption to supply chains globally. what you're looking at here is the ports of long beach and los angeles where 162 ships, the little green things there, are idling in the pacific, chalk full of goods waiting to be off loaded but they can't. i mean, as shoppers wait, drenched in insecurity and uncertainty ahead of the holiday season, over whether goods will make it to the telehealths son time but they are stuck in those containers one company in athens, ohio making a massive effort to speed up the process. with an exclusive look into the company that could very well revolutionize the supply chain processes, jeff flock, give it to us, we're dying to

hear. reporter: tell you, liz, what is the problem at the ports? it's these shipping containers. you've gotta move them. you have to wait for a truck to come, you have to load it with a big crane, they can only do so many at a time but look what this does. this is a truck-trailer that essentially picks the shipping container up by itself. it's called quick loads, and the man who invented it and whose running it right now from his smartphone is shawn jones. you push a button and this truck trailer picks the load up that it typically would take a crane to do. >> the whole thing is operated from the driver's smartphone, it's so automated the driver never has to leave the seat in the cab of the truck. reporter: you could be in the truck driving the truck. >> yes that's why we have all those cameras is the idea is the driver should never leave their seat but the whole thing is automated literally in three minutes a driver can move a fully loaded 60,000-pound container full of merchandise

and be done. reporter: you just totally loaded that container in the time that we're talking here right now. look, it's all the way loaded, now you have to put it down. the other thing is when it comes to offloading, typically you have to wait for a loading dock to open up. this can put it right on the ground? >> yeah, that's one of the big advantages of quick loads is you can put the container on the ground which means you can access the contents of the container from the ground. reporter: can you take it off too while we're talking here? you hit another button, the engine comes back on, as perhaps you hear, and then just as easy as you put it on, you take it back off. >> yup, push a couple buttons and away it goes. reporter: so essentially if i want to, if i don't have a loading dock or i want to just drop a trailer somewhere so people can walk in and unload it on the ground? >> you can move freight from anywhere you can get a truck and it'll totally change the logistics and free up the bottleneck we're experiencing in the port and the

rest of the country. reporter: here's the thing about this , liz, the company is called quick loads, shawn invented this because you were trying to move containers yourself, and you said there's got to be an easier way, you invented it but now you can't sell these fast enough to companies that need them. >> we can't make them fast enough. especially right now with the prices and problems moving containers really all logistics needs a faster, more efficient way to move shipping containers and this is it. reporter: interesting, liz i just heard about this company and i'll tell you, it's a husband and wife team. your wife bridgette helps with you. they have how many employees? >> we got about 20 right now, we're hiring as fast as we can. reporter: all made in the usa. solving the problem here at home liz: jeff can he make one for my thanksgiving dinner so they can offload me from the table? reporter: we need a smaller trailer. liz: [laughter] that is amazing he's operating it off his phone i love it.

athens, ohio, buckeye state, go, terrific stuff. all right, one sector that may have no supply chain issues, secondhand retailers, thread up ceo james rhineheart talking about how one person's treasure changing it into cash, the dow still down 181 points, we've got the nasdaq down three-quarters of a percent that's a loss of 118, don't go away.

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as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com liz: take a look at threadup stock, it is jumping about 4% right now after the secondhand retail seller posted a beat on earnings per share and revenue for third quarter. right now, we do have threadup stock showing some strength here, but the real-real which is of course the rival competitor, is still cashing in on its third quarter earnings posted earlier, up right now 5.5

% well that's poshmark. the real-real is up 17.5% and by the way that be the best move in one and a half years but overall the secondhand retail market is hot projected to double within the next five years, growing 11 times faster than the broader closing retail sector, so while traditional retailers are stuck in supply chain shortage hell, will secondhand resellers reign supreme? let's bring in thredup ceo and co-founder james reinheart. you've got to be flying here what is the biggest strength at the moment driving these numbers >> we continue to see consumers flocking to retail. they love great brands, great prices, you know, in a sustainable way, and i think as you mentioned, real and posh mark also doing well and showing the strength of the sector, and it's an emerging opportunity for consumers, and we're really excited to see the

continuing momentum. liz: well talk to me about exactly why in the commercial break you and i were talking and you said i really like that supply chain story. why did you like that supply chain story? >> yeah, well look, everything on thredup is domestically sourced. we take stuff straight from american consumers and go through and make it available online for people to buy so internally, remade in america, right? and so we don't have any of the problems with the global supply chain and we're actually able to keep things 100% in- stock, ready to ship, and i think that's what consumers are looking for right now. liz: well you guys are different from the real-real. real-real is high-high end. you have both high end and then much more affordable options. do you worry that by trying to be all things to all people, you might be getting tripped up in the end, or is this seemingly very much the way you want to operate this business? >> yeah, liz. we think that the opportunity

transcends socioeconomic parts of the economy, we think that resale does well for luxury players and also does well for the average american so we try and focus on great brands at great prices we sell 35,000 brands across 100 categories, and really trying to create compelling opportunities no matter how much you're taking home in your paycheck, and i think it's something we take a lot of pride in. liz: we're just showing on the screen something that i noticed on your website which is buy this look, and people can go on and see a very chic look and then the algorithm brings you to anything on the site that might be close to or match that look, so people can put it together. i find this fascinating. how is it trending? what are the revenues coming from that? is it starting to grow in popularity? >> yeah, it's something that just a couple of months ago, it is something that's really catching on because i think people want style inspiration, want to know what's trending or what's cool and the challenge is with secondhand is how do i

put those looks together so using our algorithms and our data and our styling team, you know, we're able to deliver this mass-styling strategy to help people look and feel great and so yeah, certainly something that we're very excited about, we expect to continue to grow. liz: you just made an investment in the south american resale app vopero, and you've acquired a european company called remix. what other opportunities are you looking at to bolt-on to what is a fast-growing company under your umbrella? >> yeah, look, the remix acquisition in europe i think provided a gateway for us to address what we believe will be a huge market, global data suggests the european resale market will be 39 billion by 2025 so we think that's a massive opportunity. we're very excited about trends in latin america, but also there's opportunity, as you know , elsewhere in the world in asia, in australia, new zealand, so we think that resale is a global phenomenon and we really want to be the global resale

leader so i think we're going to be opportunistic and seaways to leverage our platform and our expertise, you know, to do more overtime. liz: james when you look ahead and you want to be at the cutting-edge, a lot of that is being swirled around cryptocurrency. zappos years ago said we'll take crypto. there are a whole bunch of other fashion shows that do take cryptocurrency right now. have you explored that? we're asking a lot of ceo's this question. >> you know, it's definitely something that we talked about but i would say that the exploration of crypto in a traditional retail format i think it's searching a little bit to capture the news cycle and i think resale has its own cycle. i think we're doing great things for consumers, we're doing great things for the environment, and so we don't spend a lot of time trying to capture the news cycle i think we're sort of tried and true creating value for folks and i think we're going to stick to that story so it's a long way

of saying we probably aren't taking bitcoin anytime soon. liz: that's okay listen i appreciate the honesty here. good luck and for people who don't know the fashion industry is the biggest contributor to landfill. so when you're putting your stuff up for sale for resale, you really are actually helping the situation, so good stuff. >> absolutely. liz: thank you very much come back. >> all right take care. liz: james reinhart. creators want it america's industrial complex desperate for workers and now one group has designed a very unique plan to get people back on the production line. we're heading to iowa for a live report, and christy shaw is the ceo of a company called kite pharma. what is that? well this is a biotechnology company that actually is working on unique ways to cure cancer, or to extend the lives of people with cancer. she joins my everyone talks to liz podcast this week, what drives her? she lost both her mom and her sister to cancer.

so she joined kite pharma and focused on delivering innovative cancer treatment for patients that are working. you have to hear her incredible story and how it shaped who she is today. it's available on spotify, apple , google, wherever you get your podcast closing bell we're 17 minutes away don't go away, please stay with us, much more ahead. trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪

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liz: we have some breaking news president joe biden is speaking with some of america's biggest ceo's right now, talking about solving the supply chain crisis. the president is meeting with the chief executives of walmart, ups, fedex, and target, about steps the government and the private sector, can take to speed up delivery and lower

prices. stocks of those companies are all higher right now, walmart, target, fedex, ups to the upside when in doubt, split up. it's working for general electric at this hour, the original dow member that fell from shareholder grace is up 2.8% to 111.52 after announcing it's going to divide into three separate publicly traded units focusing on aviation, healthcare, and energy at its peak, in the early 2001 year,ge was worth more than $500 billion making it one of the most valuable companies in the world. today at a market cap of 119 billion, 77% of that cap has been sliced away. ge ceo larry culp tasked with fixing theish issue says the split will help each unit maximize individual value. >> even off the highs of the session. liz: ge not the only company coming up with unique solutions

to its problems industrials and manufactures are feeling the pinch of the worker shortage and one group developed a mobile road show aimed at finding and recruiting skilled workers. connell mcshane is on the verme er corporations plant seven production floor to tell us how they're trying to convince this. connell: yeah, i mean, the simplest way i would say is the manufactures there's so many job openings, around the country right now, so the manufactures and the road show that's setup, and it was around a van, it's basically like in the room if you ever had that experience with the kids and to make the industry attractive to young people might be interested in science and technology and they seen how things work and they

are talking to ceo's about it and they say something needs to be done to bring in workers and one of the issues is getting people the proper skills. there is a skills gap. >> we certainly at vermeer do all kinds of things to train people on-the-job, to provide tuition assistance, to get , to pursue a degree outside of work. connell: so companies like vermeer, which is where with we are, they are hoping they find more workers like some of the ones we've met here at iowa who do seem legitimately eager to learn new things. >> right now seriously is the perfect time to start a new career. if you have ever thought oh, i've always wanted to be in tool and dye, always wanted to be in automotive, right now is the time to do it. there are companies that are so desperate for employees they are willing to pay for your to you egg. connell: the problem though, so far, it's just not enough for

these companies. the orders keep coming in, the backlog keeps building up and there's one more concern we've been hearing a decent amount about if the vaccine mandate does end up being implemented by the biden administration, liz, even some of the ceo's who i spoke with who say on a personal level they might agree with it they say if that happens that would likely make this worker shortage even more challenging for them. liz? liz: connell thank you very much , connell mcshane, royal caribbean's long time skipper says bon voyage to the role of ceo but today's countdown closer says it's still a good time to invest in the cruise line, he'll tell us why when we come back. don't go away. . .

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your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪. liz: folk, we've got four 1/2 minutes before the closing bell rigses. we need to show you tesla.

tesla is falling even further into the red. this is its worst day in 14 months. shares of tesla right now down 12.1%. not a good picture here at all this comes on the heels of ceo elon musk over the weekend taking that poll saying should i sell, you know, 10% of my tesla shares. the answer was yes. we'll see if he comes through with that. hertz stock at the moment is dune below the ipo price of $29. not a great day for its debut on nasdaq. get to shares of royal caribbean group at moment, down 2.7%. after more than three decades at helm of the cruise company, the ceo richard thain is stepping down in january. the third longest serving ceo among all s&p 500 leaders. he will be succeeded by cfo jason liberty. but our "countdown" closer says the change isn't changing his view that you have to own the

stock. gus is joining us now. wow, why, what is it about royal caribbean? >> liz, if you look at the analyst community what is happening, they had only 40% of their normal bookings in june. it is up to 50 but more toward 70 by end. year. people are spending 20% more on board. we believe the worst of covid is over. the pfizer pill is one of the things that is the game-changer. looking into steps next year the analyst community is pointing to names like this. if you look at amex, up tick of people wanting to travel. you have the stats right in front of you. this is prime play looking in terms of value. we talk about inflation every day and this one you get a discount. liz: amex, amex is one of your favorites too. talk to me how amex will not be seen as the financial company your dad owned? >> a couple of things.

10.7 billion in terms of revenues, up from 70 a year ago. we think there is acceleration. people are going back to work. they will start seeing business travel. i know we keep thinking about zoom as the way to go. if your competitors, going out traveling to see clients, you will have to do that. we see we'll see increase. people are out and about. services are where it's at. this is one of the main play. analysts are looking at the these plays, saying okay we underestimated them. they're outperforming and seeing vestiges that they will improve. liz: gus, we're looking at a very sort of mild selloff today especially considering the nasdaq was on track for 12 straight moves to the upside. that of course is not happening. s&p just saw its nine day win streak snapped. but you know, you're not worried about something like this, are you? but that said, are there moments where investors should be taking the time to look and say, might

want to put a little safety, a little defense into a portfolio? >> we end up looking at holistically. the three things we look at are earnings. analysts keep underestimating them. 39% growth this quarter alone. that is up from expectations of 25%. that is one thing. liz: huge. >> credit is doing really well. credit spreads have compressed showing risk isn't there and money availability has increased. as long as those three things are positive, you want to be more focused on stocks as opposed to bonds where you're getting a net negative real return. liz: yeah. the fed, the fed is not going to touch rates at least until halfway through next year. so that is something to play in. gus, thank you very much. >> thanks. liz: always good to have you. the record run for the s&p and the nasdaq appears to be coming to an end as markets close the day lower but we have tesla getting hammered. paypal in a deep hole of red and

one stock that has done very well, roblox, yes, that one is a real winner. i will say this though. unity software which also makes 3d content creation for the gaming world. [closing bell rings] the ceo is joining me right here on "the claman countdown." it is a red hot stock up 4% today. "kudlow" is up next ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. so the most interesting story i saw in today's headlines, oregon senator ron wyden's millionaire son blasts dad and cronies for hating the american dream. okay? stay with me on this. adam widen, the oregon democrat son, a multimillionaire hedge fund manager blasted his dad in a sunday night twe