i'd always be adding on weakness. charles: i'm licking my chops because i'd like to buy it on the dip. i've missed a lot of 'em, to your point. by the way, both of these guys love nvidia, i love nvidia. that kind of makes me nervous, but i couldn't sell it. [laughter] have a great thanksgiving. liz claman, again, another choppy market. the nasdaq full any in control though. liz: how about that? you rightly pointed out some of these names have been selling off, others not so much. charles, happy friday. the s&p and nasdaq, any gain will mean a record close for both as increasing coronavirus cases boost some tech names but slam energy and financials. the dow is really struggling, down 263 points. the $1.8 trillion social spending bill passed this morning by the house now heads

to the senate. drug costs, care to kids, the elderly and low income housing. none of that works unless the nation's power grid does. hackers increasingly making threats to shut it down. the company that's positioned to upgrade and protect it is here. seeman's u.s. president was at the white house for monday's historic bill signing. she's going to talk about how they plan to play a big role in the buildup of america's electrical grid of the future. and as the web goes crazy envisioning apple car concepts after reports that apple's ramping up development, what do the ceos of other ev companies think right now? how about co-ceos of the solar-powered company that just went public? sono motors made its debut on the nasdaq two days ago. how theirs can stand out in a

crowded ev field with apple threatening to jump into the race. we will ask them. but first, a fox business alert. we are closely watching a bunch of things. shares of moderna and partner biontech the, moderna jumping nearly 6%, biontech up 5.33. pfizer is down about a third of a percent right now. any moment now the cdc is expected to give the green light for all adults to be eligible for the covid-19 booster shot. this morning, of course, the fda approved boosters for all adults, and we are watching that closely. across the pond european stocks wrapped up their session in the red because us ally ya heads into this -- austria heads into this last open weekend before reimposing a full lockdown starting monday. the country is seeing an alarming rides in cases with only 60% of that country vaccinated. germany could possibly follow suit with another nationwide lockdown, and what does that mean for the markets? specifically, big oil and gas

names sinking to the bottom of the s&p on concerns new lockdowns could hurt oil prices. all at the bottom of the the s&p. we already have crude prices in a slump. global when. mark brent crude, that trades overseas, right? brent at $78.63. it's usually priced higher than west texas intermediate and light sweet crude which is here in the u.s. we do have it down about 3.25% for length, but -- for brent, but look at the the trades here. a loss of 3.33%, and we are watching that very closely because people are envisioning if there are more lockdowns and they are reimposed, fewer people are going to travel, that's less oil that might be used. investors racing over to the safe haven of treasuries, the 10-year firmly believe the 1.6% level. below the 1.6% level. is the nascent global recovery

suddenly starting to shudder and shiver? phil stone and tom hayes. tom, let's just get to this market a action to start here. there's that, there's the federal reserve which we'll be talking about specifically because we've got a lot of headlines out of a couple of fedheads who are saying, wait a minuter we may need to debate speeding up the taper. what are you seeing with the flows? >> yeah. well, bad news this morning, liz, about the surprise lockdown with austria and possibly germany to follow. but the good news that few people are talking about, we just got word this afternoon the antivirals are coming, the e.u. approved for emergency use the merck antiviral, the covid bill, and yesterday the u.s. government bought 10 million doses of the pfizer antiviral. so for this key reason while in the short term money has fled into treasuries and into tech and out of the the reopening trade as you referenced, i think

as we move through this in coming weeks as these antivirals come out, we do not believe that the global economic recovery is going to be derailed. liz: okay. then we look, bill, i mean, i agree with tom, but also do you see the reaction in the treasury markets and not just u.s. treasuries. we're looking at germany, deeper into negative territory. you've got to see what it comes to corporate bonds and the debt that's out there because we are just getting this news that the federal reserve's balance sheet has just hit a record high of $8.64, i can't even say this, trillion dollars. bill, what do you think is happening here? >> well, i mean, obviously, it's the jitters from, again, you know, worries that covid, more lockdowns or some combination slows the economy. i'm in complete agreement with the vaccines and the therapeutics we're going to have here, we already have some, i don't think that's likely to happen here in the u.s. to that

kind of extension -- extent. do we have another period of some weight on economic activity the, i think so, but the market's clearly going to try to digest, oh, there are some more higher probabilities now that maybe we do have a problem. you see it from the yield curve getting flatter which just means you have, i'll say, a higher probability of recession here. but, again, the numbers don't come anywhere near a point where you'd expect a recession. my view is that the fed would slow down the tapering if, in fact, they started to see any sort of evidence that we were getting, you know, some sort of massive spillover of covid that would make us have to get close to shutting down. all of that would get reversed, and i don't think that's really an issue right now. liz: slow down? they're talking about speeding it up. we have the headlines from a federal reserve governor saying the economy is in a very strong

position and, in fact, there is upside risk to inflation, and it may well be appropriate. this is the key one, at december meeting to discuss speeding taper. and, tom hayes, that was, that that came after chris waller who, of course, is a fed governor as well, and chris waller said this morning in a speech we -- myself and others are realizing we cannot sit around and wait for inflation to disappear. it's really important that the fed maintains its credibility on inflation. you're starting to see this in recently-signed labor contracts which, of course, is ad nod to what happened over at deere. and deere, you know, was pushed into a contract not that that's the worst thing in the world because workers would like to be paid more, in problem with that. but the multiyear contract at a higher rate, certainly. so how does that translate to equities? >> yeah. liz, in one wants to hear faster taper, that's for sure. and if you look, even during q3,

earnings were expected to grow 27.5%. they actually grew over 40%. so he's right, the economy is running very had. if you look at gdp for qr from the atlanta the -- q4 from the planet -- the atlanta fed, it's growing over 8%. adding $660 billion of liquidity between now and june, and then next year we look for a low double-digit return are on 9% earnings growth, but we're going to get a lot more volatility next year, liz, because the market's going to start to realize liquidity's coming out of the system the back half of the year. liz: bill, if that is true, drill down where you see the best opportunities for your clients and our viewers. >> i think you take advantage of the these things when the market does -- i couldn't agree more, the economy frankly at least here in the fourth quarter also has picked up.

so, you know, we don't think that covid's going to show up there. i think you stay in the banks that'll benefit from steeper yield curve when we get it and economic growth. and industrials where, again, as long as the economy keeps moving along and probably you get some boost from the infrastructure bill as well. liz: all right. lots happening here, and those headlines are certainly important. we're trying to get our viewers everything, and you guys are flushing it out perfectly. great to have you. we need to quickly say dow jones industrials are are on track for a lower close on the week. now, it is a done deal on capitol hill at least at the house. house speaker nancy pelosi pushing through president biden's build back better agenda. that happened early this morning. the $1.8 trillion social spending bill passed by a vote of 220-213. only one democrat voted against it, and no republicans voted for it. billions of dollars aimed at providing universal pre-k, elder care, low income homes and lower

prescription drug prices, but the business round table does not like it saying it's disappointed in the vote because it will be paid for with one of the largest tax increases ever on corporations that, quote, create jobs. the bill now goes to the senate where there could be big changes to it chad pergram joins us now with up to the minute details. any idea what the changes are being pushed at this moment? >> reporter: yeah, we'll find that out in the next couple of weeks here. house speaker nancy pelosi says advancing the package through the house was the hard part. pelosi is known for passing bills by narrow margins, the same with this bill, 220-213. pelosi lost only one democrat, golden of maine. minority leader kevin mccarthy broke the record for speech overnight. the speaker claims she ignored

mccarthy's oratory. >> i didn't pay attention of. i don't listen to the speeches on the oh side because they're not fraught with meaning or fact, so of i don't have my computer, get bothered with that. >> reporter: but mccarthy warns that democrats should pay attention to what he said during his all-nighter. mccarthy says democrats are not tuned in when it comes to inflation. he believes voters will hammer moderate democrats from swing districts who voted yes. >> we wonder if it's possible, it'll all but guarantee any democrat that sits in a seat that is a d plus 10, they're at risk of losing their race. i don't know how representative spamberger is going to defend this vote and run for re-election. >> reporter: passing the bill through the senate will be a challenge, but liberals are daring moderates like joe manchin and kyrsten sinema to blow up the bill. >> i think it would be very, very difficult for any democrat

of any background to be the the sole no vote to tank this for the entire country. i think that there are limits to even what some of these folks would be willing to do. >> reporter: deficits could be a problem for manchin, and the senate likely drops family leave. back to you. liz: so much for bipartisanship. [laughter] we shall see on this one. chad pergram, thank you very much. i have a question for all of to our viewers. how would you feel if one day after your electric the car company went public on the nasdaq that you found out apple happens to be possibly ramping up its own plans for an electric vehicle? we'll ask the co-ceos of sew know motors which just -- sono motors why they think power from the sun is still key to eliminating range anxiety. the dow is suffering here, down 259 points, but the nasdaq

shrugging that off, up 73. that's a record. we're coming right back, don't go away. ♪ ♪ at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner.

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muck liz: okay. just google apple car over the last 24 hours, and you will find a lot of this: tech and auto geeks envisioning all kinds of concept vehicles. the one on the screen, maybe we can take that full so people can see it better, vanorama says using genuine patents filed by apple. we did put in a call to apple, we are waiting to hear any kind of comment, but all of in this after bloomberg reported the tech giant is pushing up its buy to as early as 2025 and the concept is to develop a fully awe on autonomous, all-electric car with no steering wheel or pedals. morgan stanley warning, quote, it derailing all other names. rivian, canoo, tesla, they're all up right now. but the excitement over apple

shares remains unmatched at this hour as the stock continues to accelerate to new all-time records. we have shares of apple up 1.5% right now, and the market cap at the moment is 2.62 trillion for apple. so what do competitors really think? the latest name joining the fast lane is sono group, debuting wednesday on the nasdaq and saying its solar/electric vehicles will roll off the production line in the first half of 2023. is sono looking over its shoulder or thinking about future opportunities on this apple news? let's ask the cofounders and co-ceos, lauren han and jonah christian. lauren, what did you make of this apple news, and how are you viewing it? >> well, first of all, hi, liz liz, thanks for having us. it's amazing to be here. we're doing great. we see great potential for, you

know, the growth of the ev market and especially for our sev market. we're producing a solar electric vehicle, not an electric vehicle. liz: i know. i know, i get that. but, loren, talk to me about the fact that there is a battery within your car, and i find your concept really fascinating. we can show it at the moment. it's got a skin of solar panels, but there is that watery as well. -- battery as well. so, in a way, everybody's in this race are, are they not? >> well, look, our car is special because it's perfect for a commuter. the commuter in germany drives 10 miles a day on average, and this car is actually recharging itself on average 1010 -- 10 miles a day. so would you have the perfect cr car for a daily commute. and that's what's different from all the other ev brands out there. liz: jonah, you guys also are, in a way, license aring this

technology at some point. talk about the partnerships that you've been in discussions with regarding this, if you have been, and, you know, i'm pushing you to reveal this stuff, but why not apple too? i mean, it would make sense that every ev should have a bunch of different ways just in case you need a backup to the backup. >> correct. well, yeah. actually, we see such potential in solar integrated into vehicles that we even have that as a second pillar. besides our car, we have a second pillar which is licensing and selling our solar technology to other manufacturers whether it be boats, trucks or other cars. and that's actually part of our mission, to bring solar on every vehicle. liz: okay. every vehicle, but have you talked to anybody? have you gotten any deals with any of these car companies? >> yes. well, we do have over ten contracts already, ten contracts and lois. we just presented last month one

vehicle in europe, and we already generate revenue with that. liz: okay. loren are, i want to talk about the scion and specifically how you envision it because we've got a lot of people here saying, okay, they've got about 16,000 reservations. how many of those are here in the u.s., and how do you foresee u.s. adoption of this car? >> well, look, our first target market is europe. and here we've got 15,000 reservations worth over $410 million u.s. in revenue. and each down paid with over $3,000 innocent which is a very, very unique feature we've got here. this is very sticky. and we are sharply focused now on putting it first onto the streets here in 2023 in europe,

and then we will expand to other countries. liz: and, laurin, i know our viewers are going to ask on a dark day when there are clouds or you live in alaska, will this car work? >> yes, definitely. you have a battery onboard, you have a 300-kilometers range which is, i think, 190 miles which is very sufficient for that price of 28,000 u.s. which is are affordable. liz: jonah, we agree. but we do know that general motors wants to come up with a $30,000 car by 2023. you guys have this -- yeah, about $30,000. and you guys are at about $32,256. it's a crowded area. how do you stand out in the future? >> well, what we have right now is we know combustion engine cars are something of the past. so electric vehicles are here. these are the present.

solar electric vehicles, for us, are the future. and that's why we see such a potential there, because it's more than just an ev. you have an affordable electric vehicle which is recharging itself, making it much more convenient for people who don't own a charging station, don't have a garage. and for these people we are targeting to bring it to the masses. liz: we love entrepreneurs on this show, so keep us posted on everything that you're developing, and we're really interested to know about your licensing business because there could be a real opportunity with these partnerships all around the world with all auto companies. thank you so much for joining us. >> thanks for having us. liz: and, by the way, yes, the stock is down about 13%. please keep in mind it priced at $15, it now stands at $5 and change. welcome to -- $25 and

change. liz: welcome to nikeland. what is the trade on this brave new partnership? details straight ahead. closing bell, 37 minutes away. dow still struggling. i believe the s&p. is slightly lower, am i correct there? yes. we are looking right now at a moment the nasdaq, though, still to the upside. don't go away. ♪ ♪

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liz: we have this fox business alert, take a look at boeing shares. they are $25 away from falling through their a 52-week low floor at this hour, boeing pulling back by 6% right now. shares falling on a "wall street journal" report that the aircraft maker will face weeks-long delays in its 787 dreamliner production due to defects around the passenger and cargo door areas. boeing hovering near the bottom of the dow, and the news comes a day after actually an on the

mythsic report from chinese -- optimistic report from a chinese media form that china has approved boeing's 737 max fixes and has recertified that jet. nike jumping into the metaverse race, and the stock is streaking higher on the news, up 2.33% to $175.36. it's teaming up with digital world gaming platform roblox to create nikeland. is that what we are looking at right now? okay. it's a metaverse supposedly modeled after its headquarters. the digital space will appear on roblox's platform and allows players to outfit their avatars with special nike products like sneakers and hats and backpacks. for its part, roblox -- which is up 6.5% right now -- it's just doing incredible. so far it looks to clock a gain of 27% this week alone. foot locker, not such a great story here. purchased 75% of its products

from nike in the last fiscal year, today the athletic retailer getting kicked to the curb, shares down 11.6% after the company warned supply chain woes will strike during the all-important holiday quarter, and the company expects the snafus will continue into early next year. let's just check on some pierce here, on holding, that's the swiss shoe company and shoe carnival are all moving lower. big five are -- is also down about 13%. and luxury fashion platform far fetch seeing big discounts on its stock after it missed sales estimates and trimmed its full-year fore action, down 14.5% -- forecast. we've got some breaking news right now on what? the american electrical grid. a high profile target for cyber hackers around the world. but one company is hoping the new infrastructure law will help

it build the smart grids of the future. we'll talk to ceo in just a moment. they're already on the ground in the united states working on the grid. closing bell 30 minutes away, and we do continue to see the dow slagging, town about 266 points while the nasdaq continues to jump. ♪♪ dependent 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

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as i observe investors balance risk and reward, i feel more energetic. i see one element securing portfolios, time after time. gold. your strategic advantage. ♪ liz: fox business alert, with so much attention onramping up the option of electric screenings and an electrified -- vehicles, it's the u.s. power grid that's in desperate need of modernization. it's been pummeled by wildfires, ice and snowstorms, heat waves leaving americans in the dark. but just as dangerous, the threat of cyber attacks which have been increasing. hackers have already paralyzed pipelines and now threaten to flip the switch on the nation's electrical grid. ing president biden's new $1.2

the trillion infrastructure law does include $65 billion to upgrade the u.s. power supply to a smart grid, a safer, cleaner, faster energy source for americans so that hackers can't leave us in the dark can. siemens has been developing smart grids, and their u.s. employees are already putting them to work, let's bring in the president and ceo. barbara, this is a very serious situation. it's all very nice for an electrified future, but none of that works unless we have a stabilized and modernized grid, correct? >> well, that's right, liz. and this is exactly why we used our voices so much during the negotiations about the bipartisan infrastructure framework, to make sure that we current just thinking about the roads and bridges of the last century's infrastructure, but really put our minds to work and then made an investment in the infrastructure that really lays the foundation for the next

century of american leadership, and that's electrified. liz: we've got cyber attack threats that are looming, okay? that's what's really worrisome. we saw what they did to the colonial pipeline, and then on top of it you have all of the crazy storms that we've had. february, it was a deadly ice storm for texas, and they lost electricity, and it was a horrific situation. what is the answer here? and do you see the administration understanding that that they can talk green all they want, but without an electrical grid, it's not really happening? >> i think thed administration really does -- i think the administration really does understand this, and the department of energy has been really active in the development of plans understanding what the new technologies are and how they can be put to use. you know, some call the electric grid the greatest engineering feat of all time, and it is the, in fact, a very large, complex routine. and whereas we used to general is rate power in power stations and it flowed directly down

lines to homes and businesses, today we have the tools to enable a two-way flow of power -- liz: right now we are showing on the screen president biden who is pardoning the national thanksgiving turkey at the white house, two lucky birds named peanut butter and jelly that come from an indiana farm. so they're outside, they don't need the electrical grid, but we just want to let people know they have been, obviously, just pardoned in today's to rose garden ceremony. all right -- >> they're not getting the chair today. [laughter] liz: yeah, exactly. they get a second chance at life. we need our patchwork situation where the electrical grid to get not just a second life, but a totally new life at this point, right, barbara? so explain to us why $65 billion is enough. i mean, we're looking at trillions for social spending and yet only $65 billion for the electrical grid. >> yeah. we do see this as a good start,

and we also see this as an area where we'll, in addition, see plenty of private investment. and i'll give you some examples of the kinds of enhancements that we have seen. elle point you to -- i'll point you to northern california where we established a microgrid with the tribe there, and whether it was during fire season when there were rolling blackouts with pg&e or whether during the pandemic when use suddenly fell dramatically, working with pg&e, they had established a system that allowed the whole location to -- and they were able to manage their own power supply. during the fires they became a power hub to the rest of the region. powerful technology that really is changing the landscape and how we think about the provision of electricity. liz: the administration and this bipartisan infrastructure package are also tout thing $66 billion for basically rail

upgrades which are also needed. what are you doing at siemens? i understand you have electrified trains? >> we have. $3.4 billion to build locomotives that have an electric capability, a hybrid capability. imagine being able to run on battery. and so this kind of upgrade of the amtrak lines is powerful, and the contract is going to be available to others who might like to buy similar locomotives. meanwhile, we're working with a hundred cities across the nation, we're working with 35 transit agencies across the nation who are all finding that it's going to be cleaner and greener, more efficient and even more equitable to move people through public transit. exciting times. liz: yeah, it is. certainly for companies. and we're big on private companies coming up with the answers to all of this.

little nudge from the government but, really, it's the private sector that has the best ideas. barbara, thank you very much. barbara humpton of siemens usa, thank you. is the fed chair's job hanging in the balance? the white house saying this afternoon it's going to be, quote, a few more days before president biden has more information or reveals his pick for the next four years. will jerome powell survive? charlie gasparino has his ear to the street right now. what he's hearing down there about the move next. and the real story behind the shoe that's a favorite of celebs and silicon valley titans. how did tim grown and joey willinger design a shoe that's worth nearly $3 billion? everyone talks to liz, my

podcast. download it, listen to your commute or a free moment. it's the wherever you get your podcast. closing bell ringing in 19 minutes. we are coming right back. charlie breaks it next. ♪ ♪

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litecoin is up about 6.25%. and speaking of cryptos, billionaire citadel chief ken griffin has just announced he's the new owner of a first edition copy of the u.s. constitution worth $43 million. >> he's such a great american. liz: oh, he is. >> you know, this guy concern. liz: he outbid, listen to this, he outbid a group of crypto investors -- >> i know. liz: -- who were dying to get their hands -- >> i heard the apes, like a million of them -- liz: well, the sotheby's auction was insane, and griffin says he intends to lend this copy of the constitution to a free art museum in arkansas. >> he is -- liz: great american! >> he is such a mensch, isn't he? liz: wait, that's the adjective. >> why don't they like him? if the apes like him? why? he's such a nice guy. he buys the u.s. constitution, he shares it, provides liquidity

to the world, right? he provides the markets with liquidity -- liz: and he's apparently performing next month in inglewood, new jersey. >> oh, that's the other k.g -- >> he's a nice guy too, i heard. [laughter] ken griffin, he's a man of all men. a man among men, i'm sorry -- whoops. he's a virile man, isn't he? liz: virile. >> is he? liz: i've got to see him in person. he won't come near us. >> i think he is. liz: okay. >> powell brain withard -- brain job -- brainard. liz claman has been following this story closely. liz, what's the coop? liz: okay, this is why you're not an anchor. >> that wasn't so bad. [laughter] liz -- liz: they felt they had been misled. >> what's the scoop?

liz: well, give me the scoop, charlie. >> i know. just go down the tubes. wall street believes, even though it's like buying works, it's going to be powell. a lot of people are talking about that they'd announce it today after the bell, i think edward lawrence -- liz: yeah, they're not. >> -- next week. i think that's because they're doing one more gut check and, you know, if you listen to the ceos, and i interviewed four wall street ceos on this, they all say powell by a nose. now, that doesn't mean that the left won't -- because, remember, he is not the favorite of elizabeth warren. that doesn't mean the left is going to get nothing out of this. they probably will get something out of this, and it may be brainard getting the vice chair of the fed so she can push him to be more dovish. obviously, biden will have other, there'll be over selections to the fed. he had, like, i think two

retirements, correct? liz: yes. >> so he'll get those. and i think, you know, the progress is will get something. progressives will get something. and, again, this is the like tea leaf reading, no one really knows. they're saying if warren -- who hates powell, thinks he's a tool of wall street because he used to be a banker -- if she was really getting dissed here, you would, you would basically hear her from now. so something, giving her something. mow, are they giving her brain witha -- >> brainard? the most powerful man in the country right now is not powell, it's it's not joe biden even probably. it's joe manchin. and joe manchin is worried about inflation. and joe manchin may not rote for her. vote for her.

and that's a problem. liz: because she would be too dovish on inflation. we do have to mention that richard clara, the vice chair -- who is retiring -- he came out today and said that there may be a need to begin debate next month on speeding up the taper because we're behind on -- >> yeah. well, in my view and i think in a lot -- i spoke to a lot of fed watchers over the last couple days, powell doesn't deserve to be renominated, okay? in many ways. he let the inflation stuff fester, he called it transitory. he was also, in many ways, parroting a lot of wall street -- excuse me, white house lines. you really want them independent -- liz: he backed away from raising rates because president trump didn't want -- >> that's what i'm saying. liz: we don't know need another person in lael brainard is going to back away and not been do -- >> but here's the problem -- liz: that's not good.

>> if he gets the job, liz, people will say she owes her job to elizabeth warren who's been pushing for her. that is something i don't think even moderate democrats will go for. so that's where we are. again, what do i know? i'm just talking to people who are reading the tea leaves. it's powell by a nose but, you know, he could flip it, do something. i mean, he's given the the left a lot of appointments,sec, ftc, doj, and, again, let's thank ken griffin for doing god's work. liz: buying the constitution. can i have it at my house for 24 hours? >> you've got to talk to kenny g.. liz: charlie, thank you very much. [laughter] black friday's a week away, but today's countdown closing has two stocks set to capitalize as retailers put their products on sale earlier and earlier. have you heard of gray friday? that's today. stay tuned, we're coming right

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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: four minutes away from the closing bell the nasdaq is about to close out at a new all-time high the 46 record of this year alone. above 16000 for the first time on pace for second record close. the dow and s&p 500 struggling to keep up but for the week you have the s&p looking to eat out again for the entire week. the dow is not going to do it down wanted a half% on the week. you have to figure this is been an interesting week certainly. we are coming up against the big holiday shopping run. today we're calling grade friday as so many retailers are same

forget black friday the releasing deals far in advance of that. best buy out with tv, computer and tech deals, up 11% in anticipation of a solid holiday season you have the stock higher right now in this joining the likes of splendid and levi's holding in indigo friday sale on its website now they are both down at the moment as deals start early in their downward supply chain shortages they are rushing in to the buy now pay later. could week the benefits. eva autos coo and chief in investment strategist, what are they and what do you think they will capitalize on this? >> the two names that we like is square and affirm. we like square because it's gaining dominance due to the

acquisition of the leader and southeast asia. it's dumping instrument is abuse for the last five years. that is a company that is also driving revenues every year the second company is a firm pay later with amazon and other companies such as shopify or american airlines. this will help the company gain market share from traditional giants such as visa and mastercard and we saw earlier this week amazon announcing visa and the uk and the proprietor will be affirm and now and in the future. larry: that is a big statement we know that these got hit on that news because if you don't have the amazon opportunities, then that is a huge lost chance.

do you really think that perhaps mastercard could be a beneficiary as well because that's what amazon is pushing toward versus the firm. the buy now pay later issue is becoming an opportunity more so than ever. >> we think were moving out of traditional such as visa and mastercard into by now later we think black friday will showcase due to supply chain issues. people want to buy now and by big that's why buy now pay later will benefit this black friday. liz: you have a billion in assets under management. where i did another record for the nasdaq, are you still on equities. >> we have been minimizing our exposure and were very big on tech in u.s.

we have a lot of money into the solution as we approach year-end. liz: it's great to have you on the show, thank you very much. the dow dragged down by boeing which is down over 5%. a real problem for the dow which closes 259 points but it's a record for the nasdaq. ♪. larry: hello, welcome to "kudlow" i am larry kudlow. just a quick word before i get to the budget and the economy. my congratulations to kyle rittenhouse for his across-the-board acquittal and complete exoneration of all charges. in this country thankfully the right of self-defense is protected by the constitution and google part of the rule of law. in this difficult trial justice