going forward so i'm not worried i think that could go on for a bit. charles: next time you come i'll talk to you about these internet sales, etsy, i said it yesterday , i'll say it again today for two years i told people never sell the stock. i sold the stock its only gone up about 50% since then, kristin thank you very much always love talking about this retail stuff, and we're in a pretty good session as i hand it over to my colleague liz claman, another good day so far. liz: exactly, retail optimism ringing up market gains and a possible record close for the s&p 500. this rally comes just one day after the president signed the infrastructure bill into law , he's taking a victory lap at this hour, in new hampshire, by highlighting a crumbling granite state bridge desperate forest restoration that the money will now get to we'll speak with former ubs america ceo robert wolf on how important the bill will be to the american economy and to specific stock sectors that could be winners. even as the economy reopens

though, slack is doubling down on the work from anywhere movement the ceo and co-founder of the platform, are you ready? 300,000 workplace messages per second, he's here to reveal his company's latest move to cater to those not yet heading back to the office, and one company using a not so secret weapon to drive sales aimed at millennials , why an army of social media micro-influencers is helping aka brands pump up its profits so much so that analysts are already behind on their price targets for the stock. the ceo of aka is here in a fox business exclusive, plus, gee wiz, bitcoin taking a tumble is it xi-jinping or is it twitter chief financial officer pressuring the crypto- verse? wait until you hear what both are doing and have said. all right, let's get to this. you know it's a retail kind of day when the dow is all dressed up with somewhere to go, home depot and nike are hoisting the blue chips well into the

green. home depot, you see it right there, up $22 at the moment that's a 52 week high after the home improvement retailer reported third quarter results that beat expectations. the home improvement chain says same-store sales climbed 6% as americans continue this sort of covid lockdown trend of sprucing up their homes. walmart, different story, it's at the bottom of the dow despite reporting stellar results and outlook. year-to-date by the way, as the stock stands at about $ 143.16 the big box retailer has badly lagged its benchmark. while the dow has gained 18% this year, if you take into account this afternoon's loss, walmart has lost nearly 4% year-to-date but as investors sh rug off walmart and owning the stock for the moment the latest retail sales number show consumers are also shrugging off inflation. october sales rose 1.7 per per month over month but look what

they did year-over-year a surge of 16.3%, breaking it down, annual gains across department stores, restaurants and look at department stores jumping 27.6% so this looks like a very green and happy picture let's get to the floor show, wedbush apparel and footwear research analyst and our trader scott bauer. tom let me get to it here. specifically i know clearly the robust headline number is pumping up all five major indices the dow up 130, s&p only needs a gain of 18 points for a record it's up 25, everybody is playing along and the dow transports but footwear let's pull out the retail part of it is going insane. look at these names foot locker, nike, sketchers you could flip it over to the very hot names in this field, designer brands, cro cs, shoe carnival, everybody is up. tell me specifically why you feel we're seeing that kind of price action in this sector?

>> yeah, hey, liz and thanks for having me on the show. so look, i think you're seeing very very strong retail sales numbers as we head into the key holiday period, just i think you really have to compare things to 2019 when the world was a little more "normal" and you look at clothing and accessory stores are up 15% versus october 2019, the department stores are up 18% versus october of 2019, and you know, one thing we found is theres about a 75% correlation between retail sales growth in september and october compared to november and december which basically means when you have strong sales growth in the fall, it usually translates to a good holiday season, so i think that that's crib contributing to the excitement in the space right now. liz: sure, you could say definite excitement here, scott bauer, but we've also seen just as the excitement builds in

retail it's kind of simmering down just a bit when it comes to energy, which has been such a huge winner. earlier today, i was looking at crude oil, it traded below $80 a barrel it was able to close above it, but we do look at something like that and say wait a minute, is i guess you could say what is the old wall street saying the cure to high prices is high prices. >> it certainly is, and you know, you look at what the dollar is doing and the dollar continues to be on this path upwards and a strong dollar, you know, it can hurt commoditieses, it hasn't really yet, it hasn't impacted the space obviously yet but it's starting to, liz, and also, the stronger dollar that we're seeing, that's going to benefit small caps that's going to benefit companies that are domestically-focused, domestic ally focused so, two companies that, you know, not necessarily energy but in the commodities space in the infrastructure space that i think that a stronger dollar can

actually help, csx and nucorp. csx is up about 20% in the last two months almost at highs and it did have a big split, you know, earlier this year. i think it's going to head higher. its forward pe is a modest 20 but the one i really like is nuc or down about 10% from its peak, forward pe is only seven. both of these stocks performing incredibly well and that's even before the infrastructure bill was passed, and the reason i like them, liz, 85% of the revenues from both of these companies are here domestically, not internationally, so if the dollar does continue higher, these should actually benefit. liz: tom of this strong dollar issue, again, as scott very importantly points out, the dollar index at a 16-month high, that tends to hurt big multi-nationals that try and sell their goods overseas, but by the same token, the u.s. dollar is buying more when people travel.

are there retail names out there you really see benefiting from that atmosphere? >> yes, so what i actually think is interesting on the subject of travel is that the u.s. recently reopened their border to visitors from europe, china, india, you know, a few really big countries which i think its been a pretty big drag for a lot of retailers even with some of the strong numbers that we've seen. a couple of brands that i would mention that have big exposure to foreign tourism be ralph lauren, and pvh corp. which is the parent company of calvin klein and tommy hilfiger. their retail stores are very foreign tourism dependent and that's been a big drag, and so we'll see with how quickly that tourism piece of the business returns, but i think that that's a reason to potentially be bull

ish on some of those names. liz: and by the way, we talked about the daily consumer discretionary bull 3x, so each gain is multiplied three times. it is jumping 4.5% so an etf that really plays upon those companies where you want, you don't necessarily need. all right and you can see what a three-month picture we've got there. gentlemen, thank you, great to have you later, we've got the publicly-traded company that's going hot with influencer s on tiktok and instagram to rev up revenues the ceo of the company behind the very popular princess poly brand for millennials is here in a fox business exclusive , and wait until you see the stock and what its been doing since it ipo'd. breaking news we'll take you to woodstock new hampshire where a day after signing the bipartisan infrastructure bill into law, president biden, right now standing in front of a bridge that scales the pemmage river the deteriorating 80-year-old bridge has been on the state's

red list of bridges since 2013, due to its crumbling and very dangerous condition. the $4.5 million needed to fully rehab the historic bridge is now on the way, because of the passage of the bill, courtesy of the infrastructure deal, with hundreds of the nations bridges in desperate need of the money that they will now get , which sectors stand to gain the most? robert wolf is the former head of swiss bank ubs americas he was with the president at the white house yesterday for the signing, robert, no doubt a victory for the president this was, on infrastructure and i would remind people, donald trump, when he was president, was dying for an infrastructure win as well, so this is a bipartisan issue that both sides really wanted. >> it's a victory for the nation, you and i have been talking about infrastructure for over a decade when i testified in front of the senate, and numerous op-eds on it. this is something that's long overdue, forget just bridges, it's rail, it's ports, it's water treatment.

i know we're going to go through this but this is great for our country and its always been bipartisan. 40% of republican senators voted for it, five years ago you would have gotten 95% and we spoke during the trump adminitration, during the obama, i'm a support er irrespective of who the president was i'm happy that my friend, joe biden, the president, 46th president is the one who passed it but i would have been happy irrespective whoever passed it. liz: exactly and i think a lot of people will start to, we hope , see benefits from it. it's an obvious play to say, bridge and repair stocks, materials, heavy equipment and machinery makers could be major beneficiaries. i was looking at tarek's stock that makes heavy lifting equipment huge support, platform s on construction sites, it's up 9% this month, tex is the ticker symbol, a chunk of the money is very much going to go towards those names. >> yeah, to talk macro, then micro. from a macro perspective, everything is going to do better

infrastructure is the fastest multiplier of gdp it's like 1.6 times and it's actually the best wage gainer, per 25,000 jobs you see , not minimum wage, you see living wages and better, so it's going to help everything. from a micro perspective, i think you're going to see new angles and see broadband will be huge. we're going to rural areas where we've never gone before, so you think about education, where people now are learning from home or zooms and things like that. so that's going to be huge and farm territory, and if you think about, you know, transportation, there's going to be new ev charging stations. we can talk the good, bad, or indifference about tesla. that being said, there's a reason the stocks done so well, there's a reason gm and fords getting into the electric vehicle space, and so -- liz: hard to believe although bmw. >> you've been speaking about it and ahead of the game but charging stations is great for this country so there's a ton of new opportunities and

these are not $15 per hour, we're talking 40, 50, $60 per hour jobs. liz: i just want to look at the water stocks as well. these are water infrastructure names, some money is going toward that and i think that is crucial. we've gotta get the led out of some of the pipes in different states there, those are doing incredibly well right now, look at this , a nice move here. >> i've spent time in flint. we actually invested in a company that takes flint recycl ed water bottles and makes sunglasses called the circular economy but it's not just flint. it's everywhere around this country that needs not just to change our led pipe but also changing our water treatment and so with climate action, water treatment has been a big thing. liz: robert senate majority leader chuck schumer is just speaking right now, and he just said he's aiming to pass the president's build back better plan before christmas. first of all, do you think,

after just passing this $1.2 trillion bill, that the $1.5 trillion plan will pass not whether you think it should pass, whether it will pass, especially considering don't we have to be aware of over stimulating the economy? >> yeah, so very different than the infrastructure bill, which i would say is anti-inflationary because of the growth. this bill is being debated right now. what i would say, and i just want to take a step back. i think post-pandemic we need child care, elder care, universal pre-k, and we need to reduce prescription costs so i'm a supporter of the build back better. i didn't like it when it was 3.5 trillion. at 1.5 trillion i can get behind it and we'll struggle to see what the exact pay-fors are and where the cbo score will come in on the scoring so i do think it will be, it's going to be, i think it will pass, but i'm not sure it will pass by year-end. liz: president biden just said, and the reason we should be putting up the markets as well,

because he's just said that he expects that the build back better plan will pass it un week that could just be a puffed out chest on this victory tour here, a week? this one took forever. >> well, you know, some people say manchin is as powerful as the president of the united states, he's that 50th vote. my guess is he's incredibly concerned about inflation. he will have to wait to see how the pay-fors come through. liz: robert wolf thank you very much. the pandemic worked from anywhere environment going nowhere anytime soon, flax ceo is here as it rolls out a new platform to help companies keep their employees connected. how's he doing it? well you've got to see , they just made a huge announcement closing bell ringing in 45 minutes dow jones industrials charging ahead by 131 points the "clayman countdown" is coming right back.

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liz: all right we've got some numbers for you, 28% of new york city's office workers have now returned to the office for a workday, but just 8% are in for the full five days, with 54%

still fully remote. this according to a survey from partnership for new york city that just came out. the work-from-home culture, so salesforce, pretty much own that , when it comes to really really looking into the communication because they bought slack and slack is doubling down on the opportunity announcing today at its frontier conference it's going to be releasing a revamped platform to be the headquarters so to speak for the future of office versus home workers, here to break down the announcement from u.s. slack , for us, rather, is slack ceo and co-founder stuart butterfield. is this a metaverse thing, stuart? describe exactly what this is. >> no, no, metaverse thing, liz it's a little bit more practical , and if you think back to march 2020 in some alternate universe where we were all allowed to keep going to the office all of that was fine but somehow, all of the software was

taken away, all of these companies including us that did pretty well over the last couple years would have disintegrated in 48 or 72 hours, and i think that speaks to a change that happened over the last couple decades which we didn't, and i'll include myself, we didn't really notice and it was a switch from digital technology, supplementing in-person communication, collaboration, to the other way around, so i think whether they know it or not, everyone has a digital hq and it's time to start paying a little bit more attention to that. liz: well we, of course and i've said this before, we at fox use slack quite liberally. people across the street, 30 rock nbc, they use it too and here's how much they use it i wanted our viewers to know this at peak times 300,000 messages per second are traveling across your platform, and that's just messaging. so what now? what is coming up here and when you say that the workflow building blocks that you're putting together can be remixed, shared or reused, please tell me what that means to the average worker from home?

>> sure thing. so every one of those people working from home is using more software this year than they did last year, and the year before, and the year before, and all of the companies are spending more money per employee per year on software, and those are trends that have been going on for a couple decades and will continue invariably. i think that's great because we wouldn't buy the software unless it was useful but it does lead to fragmentation so the idea with the new platform is to make it very very easy for people to plug things together, and here's an example i'll make it a little bit more real. imagine i'm a recruiter, and i get an e-mail from docusign, saying the candidate signed the offer letter so rather than me having memorized everything okay i'll update our tracking system and the job website to say this is filled, i'm going to go to our hr system and see if this person has a start date, and tell the hiring manager, imagine if you could put those things together and one example out of literally thousands and thousands across

sail, legal, finance, i.t., and in an ideal world there's a real collaboration possible between the end-users and the professional software developers, and the business tech i.t. professionals. liz: stuart we were just talking to brian chesky of airbnb, and he underscores, obviously, different business, but underscores when we asked him about work-from-home, work from anywhere, he called it a revolution. here's what he said and then i want to ask you a question about it. >> the world has changed. the pandemic turned the world upside down and i think one of the things that make it happen is liz, we are living through a revolution in how we live and how we work. liz: i agree, except that i do feel at some point people are going to fully return to work, it'll be almost a very slow blossoming. you may disagree, but if you look at docusign stock it is well off its 52 week high, 52 week high, 314, right now it's at 268. same with zoom.

its been cut nearly in half from its 52 week high, so doesn't that try and you late and tell you something? >> you know, no one is going to make their decisions a couple years ago about where they live and the flexibility and when they work based on docusign's price today, so there's not a causal relationship there, obviously, the thing that honestly, i have my intuitions about but we're going to find out is how willing are people going to be to give up the flexibility and autonomy and i absolutely agree people will want to get back together, i've been to a couple off-sites, on- sites in the last few months and it's wonderful to see colleagues again so once the pandemic is aside there will definitely be a return to people getting together but the 8% figure you cited for new york city monday-friday, 9:00-5:00, i think that's not going to shift dramatically because at this point, being in the office

two days a week isn't a reduction by 60% from five days it's a massive increase from zero days a week for most people and that's going to be tough to convince people to give that up. liz: stuart butterfield, co- founder and ceo of slack. great to have you stuart thank you very much, nice fall leaves behind you, my friend. oh, my what a beautiful view. thanks so much. >> thank you. liz: body rocking has two major fitness stocks popping, and dropping. okay let's put the g at the end because my mother be furious, popping and dropping for very different reasons why investors are giving peloton and beach body a workout in today's pop stocks, investors are sweating this one out, closing bell ring ing in 36 minutes, the dow charging higher by 131 points, and by the way, folks, you've gotta stay with me, throughout the entire hour the s&p looks to close at a new record high.

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liz: we're just getting this fox business alert, president biden has just said he will make a final decision about federal reserve chairman jay powell, whether he continues to get the job for a second term he will make that decision in about "four days." president biden saying he, we had heard this be imminent. well, is four days imminent? probably. i guess you could call it that and the big question is, will jay powell, whose the current chair of the federal reserve, who has gotten through very thin and now looking at thick times when it comes to rates, et cetera, whether he will get that second shot or whether the president will choose somebody else. four days. has overtaken ford motor in market value. take a look at lucid stock, as it jump, the ev start-up says it now has more than 17,000

reservations for its air sedan, that's up from 13,000 in the third quarter, and it also reiterated 2022 production targets. lucid is jumping 20-plus percent right now, and is up more than 80% since going public via spac in july, despite reporting a net loss of $1.5 billion through the first nine months of the year but when it comes to ford, lucid's market cap now stands at $88 billion, fords? $77 billion. meanwhile, the battery and rivian stock just keeps going and going and shares of the ev truckmaker that has amazon and ford as investors is jumping 14.7%. this ones gained 60% after going public november 10, in the biggest ipo of the year, at $145 billion, rivian's market cap is now bigger than volkswagen, yeah, the market cap there, 93 billion.

let us remind you though, because we care about you as an investor, you should know, rivian has to date only manufactured about 150 vehicles and is not yet profitable. and what's an ev stock-fest without tesla. tesla near the top of the nasdaq 100 just a day after a big short investor michael burry exited his best against the ev maker, tesla is up 3%, this as tesla ceo elon musk sold another $930 million in tesla shares yesterday, remember last week total was about 7 billion he sold separately jpmorgan is suing the company for $162 million saying it breached a 2014 contract for warrants, tesla had sold to the banks. and peloton shares, they are powering to the top of the nasdaq 100, up 13.7%, the connected fitness equipment company announced plans to sell an additional $1 billion of its class a common shares, the announcement comes of course as peloton is really pressured

to raise cash amid slowing momentum for its products. peloton not the only fitness company experiencing weaker demand though, beach body hitting an all-time low earlier of $3.35 after missing third quarter revenue expectations and cutting its full year sales forecast, it's down 20%, this was a darling during the covid lockdowns the fitness subscription service suffering the same problems as peloton as customers move from at- homeworkouts and return to their local gyms. >> famous millennials the not so secret weapon for one apparel company aiming to bring a new generation into the fold. >> obsessed with this outfit, this is probably my favorite out of all of the ones i've got. liz: why tiktok, youtube, and instagram equals success for the parent company of some of the brands your kids are wearing, whether you like it or not. out to the party, and all over the place, the ceo of aka brands

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liz: so october's better-than-expected retail sales report we got this morning really sheds light into consumer spending habits leading into the holiday season, with empty shelves and inflation fears likely fueling early spending, one company has found its secret weapon in combating post-pandemic uncertainty this is aka brands the parent company of millennial and gen z fan favorite, brands like princess poly, culture kings, and mnml picking up steam following its september ipo up

45% since that ipo, the company 's unique micro- influencer strategy utilizes young customers in spreading brand awareness and increasing sales and social media platforms like tiktok and instagram. joining us now the leader of fashioning this strategy for the new age, jill ramsey, ceo of a.k. a. brands. you know, jill as i understand it you've deployed armies of these micro-influencers. explain to our viewers what they are and how they fan out and trigger sales. >> well first, liz, thanks so much for having me, excited to be here. as you mentioned, sales up 45% last quarter and 84% in the u.s. , so our young brands are just really connecting with the young audience, and we are growing these brands on social media. they're frankly born on social media and fueled by it. they are really good at content and developing really inspirational imagery and videos that connect with that younger

audience, and they amplify this out across social media platforms to 6 million followers across our brands, and then we amplify this through the army, as you say, a network of micro- influencers, that 13,000 and growing strong. we find that these micro- influencers, they have smaller audiences, that's why they are called micro-influencer s but the end customer finds these smaller audience uninfluencers more authentic than the big celebrity influencers, they are also more cost effective and they really, they frankly bring us great customers that become really loyal repeat customers for the long while. liz: well yeah, because when you start to see the big celebs, you think they are in it for the paycheck but you do have some names a bit more recognizable, anastacia, karen a lequo, she's kylie jenner 's bff, her youtube

channel, 712,000 subscribers and she posted her princess poly haul and her discount code for the site. what kind of sales bump do you see for something like that? i'd imagine you get those types of data in those numbers? >> exactly, so the influencers, what the they do is they, we send them samples of our products and they, if they like it they wear it and post about it, and they add a coupon code so we can actually track how many customers come from each influenceer, and we see a lot, almost a third of our new customers are coming to us via this social media influencer channel, so its been just a really effective way for us to grow and scale these young brand s. liz: well it's working, you know , it's interesting, of the 9 analysts that cover your stock, seven of them either have a strong buy or a buy, only two have a hold and there are no sells. i know you guys are in the early

stages, but they like the opportunity where you can start bolting on and acquiring more brands. how are you deciding what's your next target? >> yeah, well as you say, it's early innings for us. we're just getting started and we're playing the long game here we're reinventing the future of fashion with our new brands and our strategy. we have five great brands today, princess poly as you mentioned, culture and king, pet all and pop, red dolls and our most recent acquisition, minimal and our mission is to accelerate their growth and grow them globally across markets. we are also shopping the world for great new brands to add to our portfolio, and we're looking for brands that are nextgen, really again born on social media, really connecting with that end consumer, and we're looking for high growth brands that can really compliment and build-out our portfolio of brand s. we are looking globally, and notably, three of our brands are

actually born in australia, very popular brands in australia, and now we're scaling them in the u.s. market, which is 22 times larger, so just a ton of additional room, head room for growth here, for our brands. liz: you're going to get flooded now, we've got a company, you should buy. jill we're watching a.k. a., it's a fascinating story the stock is young, but it is charging ahead and you guys swung to a profit. i mean this is very interesting to us as you take this sort of micro influencer army. you don't even need a marketing budget anymore, jill great to see you. >> you too thanks so much, liz. liz: jill ramsey of a.k. a. brands. we need to look at bitcoin it is well off its recent high of nearly 69,000, right now, it's 59, 352 per coin, down 6.6%. what's really behind today's drop? is it something xi said or did someone way closer to home toss ice cold water on the crypto

leader? that's next, plus all birds taking flight at this hour, shares are cruising higher by 7% , tomorrow marks two weeks since the sustainable shoe company went public on the nasdaq, priced at $15, shares soared 90% on their debut but that hardly scratches the surface of the real story behind the shoe that's a favorite of celebs in silicon valley. how did founders go from design ing an all-sustainable show shoe on joey's mother-in-law's kitchen table, designed from sugar cane, how did they turn that to a nearly $3 billion market cap player in the footwear industry? you've gotta hear it straight from tim and joey. they reveal a most stunning story of start up missteps, tumbles in my latest everyone talks to liz podcast their story is so worth your time download it and listen during your commute or a free moment on apple podcast, spotify or

wherever you get the podcast, we're 17 minutes away from that closing bell ringing, charlie gasparino is coming on set, no less, don't go away. 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 you're a one-man stitchwork master. but your staffing plan needs to go up a size. 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 [energetic music throughout] what's strong with me?

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liz: on the one hand, the ceo of china inc. versus the cfo of twitter, okay? you get to decide i'm going to tell you what's going on here. both had made comments, both had made moves that are causing possibly cryptocurrencies to retreat in a big way, from near- record highs. bitcoin is losing 6.5% now below 60,000, ethererum is down 8%, and litecoin getting hammered down 13%. this came overnight and yesterday after the twitter cfo

said, "investing some of twitter 's corporate cash in crypto assets such as bitcoin doesn't make much sense right now." then there's china's economic planning agency cracking down on bitcoin mining activities. nobody should be surprised xi does not like cryptocurrency. he has all but totally banned it so, you guys get to decide why all of these cryptos are moving lower. amc stock, down just slightly, but it is up a hair-raising 1,877% year-to-date, with a run- up like that, the retail ape s army the reddit crowd patting their own backs if they can reach behind especially with the ceo adam aron supporting the ape movement but he might not be the only one charlie gasparino about to break the story. charlie: you should point out that amc just turned negative whose been up about 2% all day. liz: okay. charlie: was up 4% yesterday. based on my story, see , when i

write something negative about amc all the apes buy it, so i wrote a column talking about stock manipulation, of all these -- liz: let's see how big their power is can they turn it around charlie: maybe, i don't know who knows but in any event, it is kind of an interesting thing going on, on top of everything else that's interesting with the stock. a short seller, coming to the aid of the ape movement, i guy named mark kahotes, long time short seller now kind of like out of the business, he runs a chicken farm in california. [laughter] liz: somebody has to. charlie: maybe he buys corn from adam aron. liz: popcorn. charlie: feeds his chicken popcorn, it could be something like that in any event he's behind the ape movement and he's come up with a plan which he says and he's been discussing this its been online and people have been sending me snip-its of

it, that is designed to squeeze out all the shorts that are in stock. now we should point out the stock is not necessarily heavily shorted because of a short interest used to have like 100%. liz: the apes chased them away. charlie: it did and the apes keep saying there's dark pool money and all of this man up lan in manipulation, you had bees come up with this plan by having the rest of the company, and it's unclear if the company can do that and i'll get to this in a minute, issue what's known as a security token as a dividend and if you do that -- liz: a digital dividend? charlie: yeah, so there's 518 million shares outstanding, every share gets this dividend, and somehow, i don't quite understand how it works, but apparently, that's going to force the shorts to cover their bets when you short stock you

borrow it, sell it, repay it later, hopefully when the stock goes down if it goes up you've got to repay it immediately. theoretically that could cause such a run-up in the spike maybe as much as 10 points because of this dividend that the shorts be forced to cover you'll squeeze them out at least for now. now, whether this thing is legal or not i can't tell you. amc is a heavily indebted company, on debt you have these things calls covenants these are the rules that govern how you can perform corporate actions. you might not be able to do a dividend when you owe that much debt if your debt to equity ratio -- liz: can we take an intraday of amc because it looks like it's coming back. charlie: maybe it's coming back on me talking. liz: trying to smack you down. charlie: coming down further. [laughter] sorry, apes. in any event, you're going to hear more about this and the stock was up all day on the

notion of this and it just came down. liz: fell on the news. charlie: they are realizing you can't do it based on the bond covenants. or maybe it's crazy to begin with. liz: charlie gasparino, thanks for not shaving. charlie: you don't like this? i like it kind of. liz: apes please chime in. charlie gasparino, thank you very much we are coming right back. (vo) the more we do with our phones, the more network quality and reliability matter. and only verizon has been the most awarded for network quality 27 times in a row. that means the best experience with calls, texts and data usage of any major carrier,

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liz: we have breaking news here, four minutes, dueling records just around the corner. the s&p 500 needs to close up about 18.9 points to notch that record. it is up 19 and change. the nasdaq has to finish up more than 128 points. not quite there. it is up 119 at the moment. so the race is on here.

commodities cooling off. we have oil in the after-market session right now, at $80, 78 cents. earlier it dipped below 80 bucks a barrel. crude's recent intraday high, $85, 41 cents on october 25th. oil has not closed below $80 a barrel since october 4th. natural gas had a crazy day yesterday. it is down more than a dollar since it peaked at $6.31 on october 5th. it was up 5% yesterday. today gaining another 2 1/2%. what is the trade? barry james, ceo of james investment research. your pick for this sector, barry, blew me away. it is not one a lot of people look back at the sector but up 412% over the past year! >> yes, matador. we like the energy sector. we think the change in the economy, the higher inflation, the tapering all of that, will

continue to favor more cyclical stocks and matador is southwest texas but it has got low leverage, it has got great operating margins and mainly oil. so if the price of oil goes it will two up. go up. liz: you got too figure, barry as there will be more demand as the economy reopens, is that correct? there will be sort of a fire lit under these names? >> i agree. we see that you know, other stocks we like, like fifth third which is in our golden rainbow fund. it helps out in the southeast and the midwest with the reopening that is going on. more loan demand. bad debt, things like that. also old dominion which is more partial loads rather than the stuff at the ports and that the thing that we really like about all of these, they have pricing power. they have great margins. they have pricing power. and we think that they can

thrive in this environment and that is going to be what is going to take the next wave of the market forward, smaller, more value and more cyclical types of names. liz: barry, i don't know if you heard we just broke a few minutes ago the president says in four days he will announce his pick for the federal reserve, whether jay powell get as second shot or he chooses somebody else this time around. you mentioned fifth third this company has done very well, up more than 50% year-to-date. how does this affect financials, that is a bit too dovish or jay powell who will raise rates probably next year? >> well, rates may go higher either way. if they're too dovish, you know, the free market will take care of its own. it generally anticipates ahead of the federal reserve. the federal reserve is usually the last one to the table. yes, we could see short rates heading higher under powell, not to much under brainard, but nonetheless we believe that rates are heading higher.

that is a good play for fifth third. liz: great to see you, barry. all right, guys, let's call it close by no cigar for the nasdaq. no record there. [closing bell] liz: too close to call for the s&p 500. the markets finish higher on the back of a very strong retail sales print that will do it for the claman "countdown." stay tuned. "kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so you know, folks, we had a new batch of economic numbers today that show clearly, this economy does not need one more dollar of stimulus. and in fact, one of the numbers shows we have way too many dollars floating around and causing inflation already. so hold on to your seatbelts. i got some numbers. despite rising prices, listen to this, consumers are buying