she is going to take toys and show you how to play with them and this kind of stuff so they are flying off the shelf. maybe that's what we should buy, the people who make those lights , circular lights seems like you can't keep them on the shelf. lou, thank you so much for thinking about me, i'm not on the apple but i'm in the stock, shana, always appreciate you and your wisdom and folks we've got a rally but can we hold on to it? liz, that's the question. liz: hold on is your granddaughter going to steal our jobs? charles: no she's going to do something bigger than this. liz: [laughter] hey -- charles: i'm just saying it's a brave new world out there. liz: indeed that is very very true, charles thank you so much. you know, folks we're really in an upside down world, as we kickoff this final hour of trade bad news is now good news, investors are seeing opportunity with markets in rally mode, the dow is on the verge of its best day of the year, now if this rises more than 1.94% right now, it's more than that, it's at 1.97%, and closes there, it's

going to be its best day since november of 2020. all 11 s&p 500 sectors are higher as tech powers the nasdaq up by nearly 1%. now the markets liked what president joe biden had to say moments ago in his speech at the national institute of health. this was in bethesda, maryland, reiterating he sees no lockdowns on the horizon despite the second confirmed case of the omicron variant in the u.s.. we're going to get a full recap from the white house. one of the biggest pandemic stars shining again at this hour , octa reported quarterly results but its ceo was here to tell us, it's the work-from-home environment is here to stay, plus, major league baseball locking out its super stars, how worried is the ceo of the company that supplies most of their statistical data to all the nations betting sites? we'll have the sport radar ceo, and wait until you see elon musk 's newest creation look at this thing. the four wheeler of the future we'll tell you all about the

mini tesla cyber quad for kids, just in time for christmas. all right let's begin with breaking news here we need to show you shares of the united airlines in the very same hour that president biden announced that new lockdowns are not on the table, even as more u.s. cases of the highly transmissible omicron variant are identified, the financial times reports united is now warning omicron is a threat to trans-atlantic flights and yet, look at the stock. ual up 6% right now, and if just flip it over to jet blue, american airlines, delta, southwest, all of those names and more are moving higher, perhaps because investors maybe see domestic travel strengthening in light of president's declaration that the u.s. economy will remain open at least here. president biden began speaking around 1:30 p.m. eastern time and made several crucial announcements that have the bulls off and running. to edward lawrence live at the white house, edward the markets seem to be embracing the tone at least of the administration's next moves. reporter: exactly and you hit the nail on the head.

it really likes the fact that no shut donees will be coming even if there's a rise in covid cases and the president just getting back to the white house after unveiling that winter plan on how to deal with covid. he's going to piece together things that the administration has already announced as well as some new things that have affected travel, business travel, for example,, on travel within the next early next week, you will need within 24 hours of a flight into the united states, you'll have to have a negative covid test. the cdc will take a rapid test or a pcr test and also the mask mandates have been extended now on travel, international and domestic, through march 18. that's for planes, trains and buses. the covid plan will also pass out a safe school checklist to schools with the goal of getting as many kids and teachers vaccinated as possible, so i asked what the next step on that is. listen. >> so is the president pushing for vaccine mandates for kids or will he support a vaccine

mandate for school boards? >> if decisions are made school district to school district. one of the pieces you'll hear him talk about that is implement ed in other places is looking into the question of whether there can be additional testing that can be administered in schools so you can keep kids in school. the objective is to keep kids in school. reporter: and members of the federal reserve had said that kids not being in school during the pandemic led to, or was part of the factor why people were not taking jobs. now, most of the schools almost all of them are back in-person. the president also announcing that he's expanding that rapid response team, from 45 to 60 teams. those are the teams that go into communities that see a spike in cases to alleviate and give help there. back to you. liz: edward lawrence live from the white house, so the market is in a mood, right? and as we look at what's happening right now, you could superimpose that over yesterday when stocks tanked after the very first omicron variant case was detected in the u.s.. today, investors are knee deep in bargain bin frantically scoop ing up deals.

now the line for small and mid caps is the very longest at the bargain bin. look at the russel 2000. we see right now that the russel is looking at the biggest percentage gain of the major indices up 2.7%, we are very close to a session high for that index. let's look at the dow, the macro picture has the dow moving in a big point action moment here up 661%, completely erasing the drop that it saw at the open , you see a little bit of a dip on the far left side there, and by the way, also, recouping all of yesterday's losses. now if you tease out the big winners look at boeing and american express those two names combined are giving the blue chips a roughly 114 point hoist, you've got amex up 4.5%, boeing jumping nearly 7%. to the s&p 500 and the nasdaq, the nasdaq is up 141 points that's a gain of just under 1%, the s&p up more than 1% but we should drill down here the broader market chop in

volatility since friday when that new omicron was first identified has been nothing short of turbulent. the s&p endured a 2.25% drop on black friday, just over a percent gain on monday, and then we saw subsequent drops both tuesday and yesterday. then you see what's happening today. i mean, you could call the whiplash the five days of vix-mas, the volatility index is dropping right now, after it had been speaking over a couple of days. let's get to the floor show and the great scott bauer and scott shellady. scott shellady, the most heavily weighted stock on the s&p 500 is apple. it hit an all-time high yesterday, under pressure today on the report out of bloomberg that the iphone 13 demand is softening, but under pressure down half a percent. what do you think is driving the overall market action today? >> well, obviously, the statements about no lockdown s. what we should be afraid of is

that they even considered lockdowns, liz, even considering them is something we should be afraid of because we know they don't work, right? just to give you some numbers, an 85-year-old person, un vaccinated 85-year-old person has a 10,000 times higher likelihood of dying from covid than an unvaccinated 10-year-old but yet we're considering treating them both the same. it's insane, and i think that's what got the market nervous on friday and for the balance of the last three days, and now that they've actually maybe taken that off the table people can take a deep sigh of relief but if you google headlines for apple two days ago they were up 3.1% and the only tech stock higher in the day because it had the cash to withstand a downturned and a place where investors could hide out and then two days later we're talking about it being down because of all of the reports about demand so i think this is what you got to look at. the greek alphabet has 24 letters, we've gone through five or so, skipped over one or two

, there's 18 more letters left, that's 18 more chances for you to have an opportunity to buy, because if we're going to have investors this skiddish and this scared, 18 more chances for you to get in this market every time we have a new variant come out. liz: scott bauer, can you show week to date, to the gang in the control room, week-to-date or one week charts for the indices i don't care which ones you see as we said such an unbelievable chop, shellady i think is right on the money when, you know, you talk about all of the skiddish ness so therefore, you could either scrap in and only buy on down days where you're definitely sure to get some things on sale or you can just continue to buy on a regular basis. what is the strategy here when we know this is very much a headline-driven market. there's no doubt about it and i fully fully agree with scott shellady. when the markets trading like this , liz, somewhat irrational ly, it's always best practice to keep things close to the vest and never overextend

yourself. there's always going to be other opportunities so i think you do have to step back and take into context what is really happening here, and i can't agree more that the news of no lockdowns here is a relief to the market. now, i want to point something out, liz, you were just talking about the vix, the fear index. most people don't really understand what the vix is measuring. liz: it's short-term, 30 days out, right? >> yeah, right now, with the vix trading approximately 27 , that's the spot vix, that represents an annualized and expected annualized change in the s&p 500 with a 68% probability of about 27%. you break that down to a one day move, okay? the market is pricing in now, almost a 1.5% movement per day. now, we certainly have seen that over the last four or five trading days. that is something almost un sustainable, so i think that

this is a great buying opportunity and also, if you look at the vix curve, if you look at vix futures going out, they haven't really changed over the last week, so we've seen that panic in the very short-term with investors really thinking that this is going to pass. liz: yeah, and by the way, scott , let's not ignore just 48 hours ago, what fed chair jay powell was saying and that was that inflation is here to stay, we know that many of the names that are very inflation- insensitive are in for a ride as well, but this , it's almost as if the bulls and the bears don't even know where to look next so in that case, as we see , for example, the airlines, look at these changes here. jet blue up 7.6%, delta up nearly 9%, you've gotta see things like this and say well, today is not the day to buy the airlines. >> i don't know if that's for me or shellady. >> which scott? liz: i'm sorry. >> there's always going to be

another opportunity. liz: okay, shellady. >> you know what i think? i think the extremes of opportunity like scott bauer just said and we're going to get a lot more of them and you have to be ready because this mentality that we're in reminds me of march of 2020, remember? when the nba shutdown, and every other league decided to shutdown because it was easier to go with the crowd, be a bunch of them and make the same decision as everybody else instead of standing alone and making an informed, intelligent decision, and look at the opportunity that 2020 last year beginning of march would have afforded you. so look at these things as a positive, take your shots when you've got them, don't over extend like scott bauer said but this is screaming opportunity to me when you have the skiddish ness of the market we have now. liz: skiddish is the word, whip saw, you name it, we've got it right now, the great scotts, bauer and shellady, check the dow at 619 points folks one of the pandemics work-from-home winners is power ing higher to the top of

the nasdaq at this hour, the oc ta ceo is about to tell us whether he thinks omicron could cement the hybrid workplace as a forever standard across the nation. ceo and co-founder todd mckinnon next on what he's hear ing fromorporate customers since the emergence of omicron with the closing bell ringing in 49 minutes we are looking at green across just about every stock screen, "clayman countdown" coming right back.

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dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com first psoriasis, then psoriatic arthritis. it was really holding me back. standing up... ...even walking was tough. my joints hurt. i was afraid things were going to get worse. i was always hiding, and that's just not me. not being there for my family, that hurt. woooo! i had to do something. i started cosentyx®. i'm feeling good. watch me. cosentyx helps people with psoriatic arthritis move, look, and feel better. it targets more than just joint pain and treats the multiple symptoms like joint swelling and tenderness, back pain, helps clear skin and helps stop further joint damage. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections—some serious

—and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. liz: breaking news, we are just hearing right now that as cases of the omicron variant increase around the world, business insider is reporting that google is now pushing back its office return to date of work, return to work date of january 10. this will be for europe, the middle east, and africa. this over concerns on omicron. let me just re-state that here, because it is just moving right now. google, according to business insider, will be pushing back its office return in europe, middle east and africa due to

uncertainty. now, they had originally said it be september, back to in-person and then early january but now it appears they are pushing that date back so while work-from-home was major since the 2020 shutdowns okta is see ing some of the largest gains on the nasdaq at this hour, jumping 12.3% for okta, this is a company that provides secure log-ins when you are away from the office, right? they just reported a narrower than expected eps loss and a beat on third quarter revenue. okta co-founder todd mckinnon speaking about this breaking news and what you guys are seeing as far as your sign-ups and business are concerned but first let me get your reaction to this news that google is going to pushback its return to the office dates for europe and africa nations and the middle east. >> well, liz, it's great to be on the show thank you very much for having me. google, like every other company , this is a dynamic

situation, and we all have lived this , we all know this , and we need to be dynamic and flexible and google is no exception and what that means is largely, to be more flexible and more dynamic you need great technology. you need technology to be able to connect remotely and work from anywhere, and keep that all secure, and keep that all easy to use, and that's what okta does. it's an identity provider and identity is at the heart of this technology that connects people to technology, makes it easy to use whether it's from home, whether it's in the office , whether it's third party location, it makes it very very secure and it makes it manageable and it helps power these companies and move them forward and you're seeing that in our success you mentioned our quarterly report we have revenue growth over 60%, organically we have revenue growth at 40% which is really exciting progress for us. liz: but todd what are you specifically hearing from clients? are they saying you know what? we're really going to hold on to our deal with you guys because we're just not sure what's

happening. >> well it gets back to that flexibility. they want optionality. they want to be able to work successfully and attract great workers and build a great customer experience whether that's online, whether that's in the office, or whether that's from home or some combination between, because they know the future is going to be about uncertainty and being flexible and if they can be flexible and they can adopt technology, they can further their strategy, they can outflank their competition that's what everyone is trying to do. liz: do you foresee the hybrid workplace as sort of the forever standard of the future? >> absolutely and different industries are going to be impacted differently, direct service industries, a lot of times have to be in person, pure knowledge work can be less so, but everyone in the hybrid world and there's too much value and there's too much motivation and flexibility whether it's an employee that wants choice whether it's a customer that wants choice, customers want to be able to come into a physical location, they want to be able to get to your company online and do everything in between,

that's the hybrid reality and that's where we're all striving to make great systems that can be solid and secure and flexible and easy to use, and help these businesses move forward. liz: todd when we specifically talk about what's happening in europe and the middle east and of course africa, where this variant was first focused upon and discovered, we do know that germany has said now they are announcing lockdowns for un vaccinated people. they have to stay away. you've gotta tell me exactly what you're seeing in your european business, and sorry i'm just being told that we've got some more breaking news. there has been an omicron case discovered in colorado, and again, if you were watching fox business yesterday, folks, you heard that the moderna chairman was saying, it is a sure thing that there are more than just one single case here in the u.s. , so this is not a panic situation, it's not a surprise. especially if you were watching us but todd back to the

situation in europe and the middle east and africa. if you can give me specific numbers or at least a feel of what's going on in your business on the ground there. >> well, international business is about a little over 20% of our revenue today, growing very quickly, and this is, this imperative for flexibility and a great identity platform to power technology for companies is a global phenomenon, it's a very horizontal phenomenon, whether you're in the middle east, africa, europe, and asia, around the entire world, and that's why it's so important for us to grow in scale, not only in north america but around the world and we're investing heavily to do that. liz: well, your stock is up at the top of the nasdaq 100, it is a big day for your company, and we'll be seeing exactly how companies across the nation are reacting to all of this sort of, you know, very new news, it is changing as we speak, as i mentioned according to the abc affiliate in colorado, they apparently have identified a

case of the omicron virus there in that state. we've had one here in the new york area, that individual had moved to minnesota but he had just been here, fully vaxxed with a booster shot a few days ago so it is a story in motion, todd, thank you very much for joining us. >> thanks for having me, liz. liz: jack dorsey no longer the ceo of twitter and now the other company he founded is going through a geometric shift of its own, why square is suddenly following in facebook steps in one particular way. that's straight ahead in today's pop stocks with the closing bell ringing in 38 minutes just a slight shake with the dow, and we had been up at the highs more than 700 points still up 619 stay tuned, much more ahead. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further.

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$40 billion acquisition of uk chip design provider arm, says that it's preventing a chip conglomerate from stifeling the innovation pipeline for next generation technologies, this news, by the way, of course comes after the british government announced a full blown investigation into nvidia 's takeover of the cambridge chip designer just two weeks ago. the companies energy efficient chip architecture is used in 95% of the world's smartphones, and 95% of the chips designed in china, so arm is pretty much everywhere, nvidia had wanted to buy it. the ftc is saying no we're going to sue to stop this what is the stock doing? earlier at the open of the session, the stock had gone down to about $310 it went as high as i believe $324 it's right now at $320 and change for nvidia. fox business alert this next company not living up to its name, snowflake, red hot after the data warehouse firms third quarter revenue jumped 110%,

beating analyst estimates. shares jumping nearly 15% right now, after snowflake cited strong consumption from some of its larger customers, snow also expects fourth quarter product revenue to get close to doubling keeping up with the name change trend, square is morphing to a block, literally, square rebranding itself as block, as the jack dorsey-led firm now expands more from the payments business into technologies such as blockchain. the stock, investors don't love this idea, it's down about 2% the name change happens decembeq will stay the same the chip off the old block perhaps as facebook renamed itself recently meta platforms and that ticker change expected to happen in the first quarter of next year at the moment though, you still see the ticker remains as fb as in facebook. mixed bag of news for general motors the auto maker is extending the chevy bolt

production halt to late january, but the company also says it's seeing a better flow of semiconductors in its supply chain and so gm has boosted its full year adjusted pre-tax profit outlook to about $14 billion from the previous 11 -13.5 billion. ford, november u.s. vehicle sales up nearly 6% year-over-year, and ev sales jumped more than 150%. wolf research downgraded the stock though to a hold from a buy side and relative evaluation but raised its price target to $22 a share ford right now up 1.5% to $19.89 and as you look at some of the other u.s. ev makers, lucid down 6.25 %, rivian pulling back by 4% major league baseball owners locking out players in the first work stoppage in a quarter of a century, but how is this going to affect the now-booming business of sports betting and

the echosystem around it? the ceo of the company that supplies nearly all of the statistical data is here. sport radar ceo comes before our cameras next with the story, and with the closing bell ringing in about 30.5 minutes, the dow still up 660 point, the nasdaq better by 127, and look at the s&p, up 67 points, we are coming right back. opportunities... are all about timing.

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as i observe investors balance risk and reward, don't wait. i see one element securing portfolios, time after time. gold. your strategic advantage. liz: fox business alert, the first major league baseball lockout in 26 years has the sports word on the edge of its collective seats, wondering whether pitchers and catchers will be ready to report for spring training which is less than two months away. midnight last night, owners locked out its super star player s after a collective bargaining agreement empired. commissioner rob manfred saying today that negotiations have made legal progress since they first began saying the off-

season lockout is "the best mechanism to save the 2022 season" here is how he put it. >> things like a shortened reserve period, $100 million reduction in revenue sharing, and salary arbitration for the whole two-year class are bad for the sport, bad for the fans, and bad for competitive balance. we already have teams in smaller markets that struggle to compete shortening the period of time that they control players makes it even harder for them to compete. liz: well, nobody's competing at least for the moment because with the baseball season now hanging in the balance the growing sports betting industry could face its first major crisis. sport radar, the leading sport technology company backed by everyone from michael jordan to mark cuban is an official partner of major league baseball stock is actually jumping right now 9.7%, perfect that we've got sports radar founder and ceo car

ston curl joining me now, good to see you. >> thank you, liz. liz: your first reaction about the mlb lockout. >> well look there's always action in sports, that's what we love, so we get always some news , i'm quite sure this will be handled in a professional way but there are so many sports being played at the moment that we are not worried that our partner will manage. liz: well you actually provide sports data and statistics and all kinds of numbers to more than 80 different sports so talk to me about where your biggest action is right now, beyond this lockout story. >> it's absolutely here in the u.s.. that's the reason why i'm here so we have at the moment a lot of action ongoing with all the sports here. this is the market which is exploding from the opportunities we have now 30 states online, we see more and more states going online, that's fantastic for the business opportunities if you're in sports betting. liz: well, i get it and you are everywhere. you're in the national hockey league, nascar, lots of other

actions, international soccer, but how much of your revenue comes from major league baseball >> baseball is the sport number two for us in the u.s. at the moment. liz: so you can't beat, you're a little nervous about this aren't you? >> no i'm not nervous at all. i'm quite sure that will be solomonned 100% but looking to the opportunities that really doesn't matter we have so many matches which are going on at the moment we can provide so much information to the market, there is a full schedule and a full program currently. liz: where are you looking when it comes to the sports betting and the games of skill sites? you have very good relationships with so many of them as well, do you not? how's that business been trend ing because many of those stocks have fallen, dare i say, off a cliff lately and these are some of the bigger ones that haven't done that well lately. >> that's correct. so what we see at the moment is that the market is looking where is that all playing out and that's a fairly new industry here in the country. i'm quite sure over the next

couple of months that we will see steadily that this is going up, so we will see steadily that there's more demand, more player s coming online, more states are licensing, that's normal. liz: well it sounds like you believe that these sports gaming and wagering apps are going through growing pains, but do you see any sign that it was certainly a flurry of interest in sports betting and now, people are looking elsewhere? >> no. look i'm coming from europe, and we have been on a 20 years journey with the company, and looking now to what i see here in the u.s. , i think what we did in europe in 20 years we will see it here in two years time, so we will see that live betting is getting more and more attractive for the people and live betting is so much more fun so when you're watching a match, placing a small stake on your favorite team in that emotional moment there are so many opportunities. i'm absolutely not worried about the market here. i find the market amazing and

opportunities here. liz: well, so do people like michael jordan, the nba super star, and of course, ted leonses , the ceo and team owner, big big names we're talking about mark cuban owner of the dallas mavericks. how much contact do you have with these backers and do they give their concepts and ideas, what kind of integration do you have with these gentlemen? >> i do not call them everyday, but quite frequently and what i learned from them and that's for me the most important piece is competition, so those guys are so successful because they have been successful in competition, and nobody is more competitive than michael jordan, you can believe me. he wanted to win everything, and this is where i tried to learn a lot from this. i tried to learn how people, everyday, so we should look to the best and we should learn from the best, how to be competitive and how to have that wish to win. we are looking at sport as a business and learning from sport

that you have a fair competition and you want to win that is an amazing feeling. liz: well what does he have to say about your competition over at genius sports because they have a national football league deal and you do not. is that a done deal where you just say well, you know, you win some you lose some, or are you fighting for the nfl? >> as you know, we won the nba deal, and that's an extension of a seven-year successful partnership for the next decade for 10 years, so of course we are super competitive and the nfl, we want to group with them together in the future so we will try our best to convince also the nfl that we are a very good partner. at the moment yes, you win one, you lose one, but i think we want the nhl, the mlb, and the nba so i think it's good signs liz: yeah, and nascar, et cetera , cricket. >> it's not bad. liz: it's not horrible. i'm not saying. you've gotta tell me exactly what's going on with the fraud

detection. earlier this year, your company instituted and announced the universal fraud desection system that would monitor anti- match fixing, service of support was something like 400 successful disciplinary actions, criminal convictions. how important is it to keep the sports betting world that is burgeoning ms. right now, clean, so that it doesn't get shutdown by regulators who are always looking for something to close down. >> totally right, liz. so that really goes to the core of sports betting. no sports betting without integrity. that's the reason why we invest in integrity 15 years ago and that's of course something which is not profitable for us from a unit and we're employing hundreds of people in this service but it's so important to have sport and so important to educate young players and that is what we have in connection with a person like michael jordan for example. for michael it goes to his core and heart of the ethics of saying we're going to need to

protect the young players and teach them what can happen, how this can happen, but we're going to need to install systems to make sure that we monitor activities and with the slightest we're beginning to investigate on this so that is a mission which we have constantly , for every sport where we partner and team up, without integrity, no sports betting, very clear. liz: boy isn't that the truth. carsten, we're watching and we're watching this mlb situation and sport radar is having a great day, we'll continue to keep our eye on the progression of your company, thank you. >> thank you, liz. thanks for having me. liz: you're welcome. elon musk's latest innovation, the four wheeler of the future, look at this thing. we're going to tell you the price, the features, and don't get too excited, it might not be ready for delivery on exactly christmas day, but maybe we're going to show you this and more and we're talking about the business of love on this week's edition of my everyone talks to liz podcast. she quit her job at jpmorgan to build a dating app with her two

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liz: first, the cyber whistle, we told you about that the other day.

now, the cyber atv, as tesla ceo elon musk reveals more and more cyber truck merchandise, his latest item is called the cyber quad, okay, this is an all- electric cyber truck for the pint-sized consumer. the mini me cyber quad has ready up to 15 miles of range, a full steel frame, cushioned seat, rear disc braking and led light bars and it's fully electric all for the low-low price of $1,900 and that does not include shipping. the cyberquad comes just 38 hours after the release of that thing, the little cyber whistle which sold out in just a few hours, it was $50 apiece, and now it's on ebay at least i saw one selling for more than 7,000 dollars on ebay. all this promotion, well today it's not working because the stock is down about 1% but it sure seems to be working over the past six months, tesla is up about 70% over that time period.

you've gotta be eight years old by the way to drive that little thing. all right shares of kroger sizzling at this hour, up 11% topping the s&p 500 thanks to the continuing pandemic trend of people cooking at home. the grocery chain raising its full year sales and profit forecast following a strong beat on earnings that the company is attributing to customers buying groceries in bulk, but kroger also noted that inflation is beginning to affect its bottom line, and kroger's having to pass the increased cost on to consumers, that is exactly what's happening at the brooklyn catering company where madison a lworth is standing by live. madison i am imagining this is just one of many catering companies that is getting hurt badly by inflation. what's going on there? >> yeah, absolutely, liz. catering is really being crushed by inflation. it's kind of different than the grocery store chain because they're honoring contracts from 2020. we remember for months weddings events nothing were happening, well they're back which should

be great for catering companies, which is where we are now, hahns is making a cake for a wedding event tomorrow but they have been having a lot of contracts like i said from 2020 honoring those prices. the issue is, the costs for the steak dinner, the lobster on the frozen bar, all of those things have gone up immensely in price, the company just taking a hit, not charging their customers more, because the contracts a contract and they want to do good business. let's take a look at some of those numbers to understand just how much more of these goods are costing. so if you take a look, meat is up on average over 24%, seafood up over 11%, the vendors that we've talked to are saying many of them are breaking even, even operating at a loss on those old contracts. this is all following a crippl ing 2020 year, which saw their businesses shuttered for months on end. this is an unpredictable industry that just continues to be unpredictable and they're forced to make some stuff decisions.

take a listen. >> these people already signed their contracts two years ago, maybe even three years ago and we didn't feel right going back and saying we're going to hit you with a surcharge. reporter: yeah, so the issue here is that they don't want to hit that surcharge, but the good news is, events are back, so you have those old contracts but you also have new ones coming in, and in 2022 we're expecting 2.5 million weddings, that's the most weddings we've had in nearly 40 years so these companies can stay afloat through this time of inflation and honoring old contracts, there's definitely a lot of new business to be had out there, liz. liz: tell hahns, i need to test before anybody else eats that cake so i'm happy to be the taste tester, okay? >> i will definitely let him know that, liz. liz: madison thank you very much , madison alworth. so the omicron variant, as you see with the big rally going on right now, is opening up new opportunities for investing in

specific names, and today's countdown closer has three names he says could rise along with this growing fear. closing bell ringing in eight and a half minutes, we are just shy at the very moment of the best dow session of the year , we might get there, gotta stay tuned. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. . .

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what's strong with me? i can find strength in a rest day. what's strong with me? there are some nights i sleep so well... i'm ready for anything. find out what's strong with you with daily readiness on fitbit. ♪. liz: i know i said that the russell was a big jump as far as percentages are concerned. it is up 2.6% outpacing dow and nasdaq in their rally but look at the transports. it is the main index leader now, solidly up 2.8% at the moment. we look at we know that the airlines are doing well, fedex, ups are moving higher by 3% apiece. the race are having a good day.

csx up and union pacific and kansas city southern in the green as well. as we enter final minutes of trade our "countdown" closer talks about the drugs and cloud and energy, sean o'hara joins us now. give us your names and the thought behind them as we look at a pretty decent rally going on here in the final three minutes of trade. >> thanks, liz. good to be with you. start with oxy. occidental petroleum. we don't think the price is story of oil we think it will go to 80 before it goes back to 50. the cash will hit the bottom line of all of them. we think that will have a big impact on occidental. we love free cash flow, we love free cash flow yield. pfizer we swapped out at the end of the quarter and moderna, we

made 100% on moderna. we swap i had the out for pfizer because it was trading much better price relative to free cash flow and free cash flow yield. i think we'll have jabs be jabs, more jabs and boosters to come. i think we run out of greek letters before we get done with the variants. that will probably benefit from that unfortunately. lastly our name in the vx space is firmware. that is the cloud where everything is going including meta. the component parts, the infrastructure and architecture providers of the cloud names will be big winners. the one we like, priced right relative to the free cash flow and free cash flow yield, vmware. they enable clouds. they enable apps. liz: i like best about vmware. the viewers would not buy it at the 52-week high. it has seen a price reduction here. folks, that is why we try to underscore the investor audience, don't buy at the highs. sean, give a sense what you're seeing with regard to volatility

to the markets. we've had 1% moves every single day for the past five sessions at least for the s&p 500. what does that tell you about investor sentiment? >> it tells me a couple things. tells me people are a little jittery. although people won't admit it that valuations are a little high. what is going on, liz, the pros are marking their marks, taking the profits trying to pay the tax this year as oppose taking the risk down the road next year or year after, if we get a rise in capital gains or individual tax rates they will a higher price. we have confluence of events that makes it a unsteady market. anything can set it back and anything can set it roaring. >> tell you what is roaring, the job market when it comes to the job numbers. we're getting jobs number tomorrow. expectations from the analysts people that watch this we'll see more than half a million jobs created during the month. is there a trade you see when it

comes to the job world? >> we're overweight consumer names in our largest value fund. we think the overall economy thrives on spending and consumer and consumption. we think that is a healthy sign. the retail buyer is what will continue to help us drive this market high every as they spend the money they're making going back to work. they're looking for a place to put their investable dollars. liz: sean, you and i go way back. what is your one piece of advice today to the investor that is watching right now? >> figure out how to lower your valuations without giving up quality and potential return. the market is very, very expensive on a price to equity basis, pe they call that. historically that is not a good entry point. there are lots of places to enter this market and make good returns. we have a large cap fund, liz, 14 pe, up over 40% year-to-date. my advice to people, don't go away from the stock market. cut some of our exposure to the

high p-e names, find a safer place to be. liz: sean o'hara of pacer etfs. great to have you. folks, looks like a clean 600 plus point gain for the dow jones industrials. [closing bell rings] that would be the best day since the june 20 first rally. s&p up 64. nasdaq up 128. november jobs report tomorrow that too could affect the market. kudlow is next. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. i begin this evening with good news. increasingly looks like the five trillion dollar biden social spending tax hike green new deal bill which would do so much damage to the economy will not make it by the end of the year. through the good auspice of joe manchin and others democrats beginning to believe they do not have the votes. they do not have 50 votes on their side