think companies are going to have two different classes of people, those who go to work and there's a big pay differential and that's we're going to see that happen in 2022. charles: i agree get in that office, as fast as you can. mitch great talking to you, my man. folks we've got the rally held up, really nicely. it makes you wonder what the last hour of trading is going to be, liz claman, i'm buckled up ready to go. liz: makes you wonder, yeah. i don't like the fact that your outfit is better than mine. charles: [laughter] liz: but wardrobe, unacceptable. thanks, charles. charles: see you. liz: last week's trash is this week's treasure. the tech wreck of last week's salvage by investors at this hour with a gain for the nasdaq of 455 points, the nasdaq see seeing its best day since march 9. markets are pretty much across-the-board all rising at omicron fears fade we've got the dow seeing a healthy gain at the moment, 508 points or 1.5% the s&p up 94 by the way the s&p

is within just a few points of new record close, the level to hit 4,705, we're at 4,686 right now, our floor show traders are mining for emeralds stocks that despite showing revenue growth haven't seen gains in their share so i guess they're mining for rubies, that they think are emerald. meanwhile boardrooms across america making major moves to buy, consolidate or streamline their company. mario ghabelli, billionaire and ceo of gamco investors making a killing over the years when it comes to anticipating mainstream media, he's going to tell us what all of this corporate activity means, how investors can capitalize on it and we'll ask mario what he thinks the fed might do next and how to invest around it, it's a fox business exclusive, with mario ghabelli but would the global chip

shortage force a name change, na vitas semiconductor ceo is here to discuss the transition to the cheaper and more energy-efficient semiconductor element he says will eventually force silicon to the sidelines plus president joe biden meeting virtually with russia's vladimir putin, did president biden warn putin to back off a military move across the russia ukraine border? how is that going to be absorbed by the markets we'll get a full report in just a minute live from the white house, but first we've gotta look at the nasdaq right now. fox business alert, the stock that triggered today's rally in tech names unable to hold on to much of its earlier gains, now, intel shares are up still about 3% right now but they took off for the moon this morning soaring 8% when the semiconductor giant announced that next year, it's going to publicly list shares of mobile eye, its self-driving car unit so investors piled in on the thought that intel is moving to capitalize on speaking demand

for companies that are key into the future of mobility. now the ipo could value it at $50 billion, intel ceo pat gel singer will be the chairman of mobile eye and he says the majority of the proceeds from the listing will go straight to intel's coffers which he will then turnaround to build fab plants or fabrication plants where they make semiconductor chips. intel maybe getting all of the attention but guys look at the halo effect, shining the light down on luminar, nice move for shares up 7.8% right now because in part, mobile eye plans to eventually build its own lidar sensors to assist its cars with a three dimensional view of the road and they will do this by using luminar's lidar units much more coming up on that news but first let us check out the nasdaq, sitting pretty in emerald green, the tech-heavy index jumping now as i said about 455 points it's a gain of 3% as we kickoff this final hour

of trade, chip names popping all the way to the top of the nasdaq 100, they are really populating the very top here you've got nvidia, applied materials which is a chip equipment maker nxp semiconductor, the semiconductor index which is a basic basket of a lot of these names is seeing its strongest one-day gain in more than eight months. this one is chalk full of widely held stocks from qualcomm to of course intel but up 181 points nice but we decided to dig deep into the nasdaq, which by the way, is up 21% year-to-date, for names that have been glistening ruby red year-to-date , even though they've outperformed when it comes to revenue. year-to-date, look at this one, t-mobile has slid but the telecom has grown its revenue by 16.9%. year-to-date it's down 13%. fintech giant paypal, scarlet red that one is down 18% year-to-date despite revenue growth of 18.2%, and pandemic winner zoom grew its revenue

53.9% and even in light of that, it's still falling 44% year-to-date. there have gotta be more emerald s disguised as rubies out there investors have overlooked so let's get to our floor show traders who have been mining a few more me, and you, joining us now, revere security scott full man and the cow guy group scott shellady. what have you found, they look like rubies because they are in the red but you might think they're emeralds. >> well, there are some that are in the red, also some that are in the green, you know, one of the things we look at not trying to catch a falling knife all the time but trying to find things that have positive momentum but paypal and you look at then also visa and mastercard , all of these stocks have been keyed up in fact people are using their credit cards much more often. i think in the future you're going to see them pick-up but again they may not have the luster that we're getting with these semiconductors.

i think today, i'm looking at te radyne, which is breaking out of a positive continuation pattern, rising toward new all-time high and still has a way to go. we think the stock right now is in the 150s we think it's going at least to 180 if not higher, but take a look. smh, it's up 43.6% year-to-date i mean, that's exceeding all of the benchmarks, and advance micro which has been one of our favorite stocks i own it myself, up 56.5% year-to-date. i mean, you know, the fact is that sometimes jumping on some of these momentum plays is a great way with lower risk. liz: look the whole market is up right now, scott shellady so the nasdaq is a winner here, but the russel is up 66 points for a gain of 3%. i never want to ignore the small and mid caps because a lot of our viewers are invested in them but what kind of opportunities have you found where the stocks

haven't jumped as much as the nasdaq year-to-date and yet they have been real revenue winners. >> well, you know, here's my problem, liz. i get stuck in some, you know, a gronomy plays a lot but i love caltech i do. i'm kind of morphed into, it's more like agricaltech put them together, okay? and we've got an issue with energy out there and that gas was high when it was over $6 we were starting to hear stories about maybe a shortage of fertilizer, now, that's a weird story, but it's true, and that's something so i looked at say mosaics these are fertilizer companies, mosaic, mos, or ntr , yes, they have rallied on the back of that story quietly, but if some of these fears really do play out next spring, these things could be really hot and nobody is looking at them per se as far as the broad market that's why i like them so again it's caltech but it's agri caltech and something that we have to use and its already gone up in price, yes

i'll grant you that as far as your emeralds and rubies but if this does play out, if it does play out, these will have room to run. liz: i'm a diamond girl myself. by the way your mosaic shares are up 4% right now. scott fullman, scott shellady, thank you both very much and we're seeing a rocking day down is up 532 points at the moment. we do have breaking news the ukrainian presidential office is saying at this hour, it is grateful to president biden for his unwavering support in trying to "pressure russia's vladimir putin" to deescalate military pressure in the region. moments ago national security advisor jake sullivan said that the united states will respond with economic measures, not military, economic measures, if russia does attempt to invade ukraine. he made the remarks at the white house press briefing which is still underway at this moment, adding that the president will speak with the ukrainian president on thursday. now, president biden held the virtual meeting with putin in the sit room, the situation

room, the two discussed multiple topics but top of the list, yes, russia's pronounced build up of military forces with its border at ukraine. for months satellite photos show what appear to be 100,000 plus russian troops on on the ukrainian border and yesterday the biden administration said, it is prepared to slap sanctions on russian banks if andre kosten, head of russia's second largest bank about what the u.s. and european leaders say is a loom ing russian invasion. here is his response. >> sounds like complete rubbish , nonsense, that russia will attack ukraine and i have, i can have a bet with you that when we speak to you next time, maybe in a couple of months, you'll see that all this news were fake news and i'm absolutely sure about this. there's no intention of russia to put any troops on ukraine. liz: i should have bet money or

something, because i took the other side, but we don't know yet. hillary vaughn has been following every moved to. she joins us live from capitol hill. hillary? reporter: hi, liz. well, after that two hour meeting wrapped up we did get a read out of what happened and what the president indicated to russian president vladimir putin , if he does not back down and deescalate off ukraine, the white house's message today was that they are going to slap economic sanctions and consider other measures if there is not a deescalation but lawmakers here on capitol hill are also concerned and don't think that military action necessarily should be off the table. i had a chance to catch up with senator tim cane just seconds ago. i asked him if immigrant action should be on the table and he said nothing at this point should be off the table, and i talked with senator amy klobuchar earlier today, and she says the bottom line is she is very very concerned. >> this is a major concern.

of course for the country of ukraine but for all of the democracies on the border, if russia were to move in anyway we also, beyond what they are already doing, which has not been legal with their ecotages. secondly, continue just to be concerned about putin's actions. reporter: but there is something also new on the table today. a 180 on the russia's nord stream two pipeline, after months of biden defending his decision to greenlight the project he's now backtracking the white house, expected to announce they will ask germany to stop the nord stream two pipeline if russia invades ukraine, republicans on capitol hill say that we are set against ukraine, because, biden rolls over on the pipeline. >> why do you think the white house is backtracking on its policies that they have defended for months? >> well, because president biden is obviously wrong.

if you look at right now, we've got over 100,000 russian troops that are on the ukrainian border that's joe biden's fault. the reason this has happened is because joe biden surrendered to vladimir putin on nord stream two. reporter: right now, senate lawmakers on the senate floor relations committee are hearing from state department officials about the russia situation, right now, this is happening as there is growing interest in figuring out what exactly needs to be done to get putin to back off. it doesn't seem like this threat of economic sanctions so far has really been enough to keep him in line. liz? liz: hillary vaughn thank you very much. you know this stuff has affected the russian stock market for sure, you could look at the rtf's and as you see both are off their highs that we have been watching very closely. in fact with the rts, it's off the , i want to say let's see m

oex is off its october highs, you can see the big drop-off in anticipation of this possible invasion, and it's pretty obvious that we have a lot of tension here, and investors are staying away from the markets in russia. 2021, a record year for mergers and acquisitions as global totals blast through $2 trillion billionaire and wall street legend mario ghabelli is here in a fox business exclusive to tell us what all that m & a means and where he sees more deals in the coming year, with the closing bell ringing in just about 47 minutes, super mario gh abelli joins us dow jones industrial is up 511 points don't go away. as a professional bull-rider

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comcast business. powering possibilities. liz: maybe m & a should be renamed rns, restructuring and spinning off. samsung electronics announced it will merge its mobile and consumer electronics divisions, dow component intel announced to take its mobile eye unit public by the middle of next year, the chip giant bought the israeli autonomous giant firm back in 2017 for 15 billion

it could be valued now at 50 billion. yesterday, we told you activist investor engine capital is pushing kohl's to either sell itself or separate its e-commerce business, and of course, last month, ge said it would split the conglomerate into three divisions while healthcare giant j & j announced it's going to separate its consumer business from its pharmaceutical division. what do these moves mean and how do investors, can investors capitalize on them? we welcome famed wall street investor mario gabelli, aka " doctor love" because of his aptitude for identifying what he calls corporate lovemaking, take over candidates and profiting by investing in them. chairman and ceo of gamco investors. mario, read between the lines of what ceo's are thinking and doing by spinning off moving divisions and kind of separating parts right now. >> great question, great way to start. good to see you even though it's virtual. first of all, you have more transactions likely to occur,

between the spac, special purpose acquisition corp., that is private equity, and strategic , and so then, you look at why in a free market system where you can move capital around, take risk, lose money, or make money, this has to be allowed. so now, you had j & j split up, ibm split up, and so on and you mentioned a whole bunch i'll just add like spending off part of their business universal music, you have daimler benz spinning off their truck business, and so on. so, why do it? first, you want to re-examine how your company is structured. secondly, a lot of companies in the s&p 500 are doing it so the boardrooms are thinking more how do we get loaded laggards out, how do we get companies that we come very good currenc ies to make acquisitions, so then the question is, what happens if i own ibm and i get a spin-off of a stocks kd is the

symbol not owned by etf's you bought ibm and electronically traded fund in part or index fund because they wanted the dividends so you know they are selling this off so you stand there with a basket which is what we do and three or four years ago when it was spun out of hertz. liz: i was just going to say with ibm, mario, it's not always a silver bullet. year-to-date ibm is down 88% it's just kind of meandering over the past several years, so just because you're going to do these maneuvers -- >> i agree but liz they got a new ceo, they are doing financial engineering so think about it. think about ibm at $120 a share, what's the downside, and what's the upside now that they spun off kd? my point of view i have a company i happen to like the agricultural echosystem, i like the american farmer planning fence to fence work trying to get his prices down and products exported and then because of the labor shortages going to autonomous equipment, so that you can sit at your desk

at a farm and you know 20,000- acres you have and how to where the holes are and where the water is needed and how to drop, so companies like deere are getting multiple precision farming. the one i like in part in addition is case new holland. case new holland, cnhi, is .3 billion shares the stocks are up 17-18, they spin-off their truck business in europe which has about 8% of the class 8 truck market in that part of the world and that's going to become a currency along with the powertrain so i will be buying a company that will have an economic value of 15 to $20 and i get the ivaco for free, so that's why we like to watch what's going on in addition to that, case new holland has a new ceo that came out of polaris and did a great job there, they just closed on it so there's a lot going on here so that's an example of corporate lovemaking in the financial industry. liz: and how to profit from it which is what you've done for decades but you know, one of the regions that you've always

loved is media and telecom and that, to me, as i look at all of the majors in telecom, what happened, 5g was supposed to be the saviour for all of this. i mean, even last year when tim cook was unveiling the apple iphone 12, he had hans vesberg verizon as the special guest and yet verizon as you see on the screen down 13.5% year-to-date, t-mobile has underperformed we just talked about t-mobile as still growing revenue, but and at&t same thing just meander ing in the red. >> yeah, but don't forget, by the way, i'm in auction 110 right now which is completed in part but we have some other dynamics so i can't talk about that, but the previous auction 107 was like cash out of pocket it was 90 odd billion dollars. spectrum auctions, it was 90 odd billion dollars so you've got to take your capex, and then, and then, when i go over a bridge, let's take the george washington bridge in new york. if i'm driving a big truck, i

pay more than the little car driving, so the netflix of the world are getting free carriage, and they can't price it, i tnknkatedinininin communcoatioco a hldefefe ,pr liz a,rioritis speis for r , thit pla p oldold tolephonehone serceer.er d n n rote w wor wotot dice lea leeme d aeeave inrereducaon. thtemee e e >>e >> he manyyy fav faves o co acond s a context, i bt,t, ans that are smallmamama unknown, i i d want w woon n n e it's too tiny, you know, there are many little ones like that that are involved in american broadband. then in addition to that you have rural cable companies and then you have the blue jeans of

those companies, who provides equipment for them and who can do that, so then you look at the infrastructure bill and another fashion, old fashion conventional infrastructure. liz, there are five to 10 billion homes, five to 10 billion, that have led in this service you've got a main water line and then you have a company in memphis, tennessee called mli is the symbol, extraordinarily well-run. they have decarbon carbonated the service line by providing copper. now it's a little more expensive so that's the trade-off, but on balance this company is doing extremely well, copper is in short supply, prices are going to go up and this company is a beneficiary of that so there's a lot going on. liz: one last question what's the fed going to do and how will it affect the stock market? >> well, you know, you can't have $8 trillion on your balance sheet up from zero and then you can't allow interest rates to stay at the 144 level on a 10 year, so you know, over the next from 1980 to 2020, i bought a 10

year bond at 14 and seven-eighth s and how you say 145 and that provided a huge tailwind to the multiples so the multiples come down, earnings will go up and stocks are all very cheap and you just gotta pick your shots and buy them. liz: may we all have your energy , mario. thank you for opening your mind and your investment thought, mario gabelli. >> great questions. liz: oh, thank you, good to see you, be well. we're coming right back. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank.

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liz: fox business alert, apple hitting an all-time record. this after morgan stanley raised its price target to $200 a share the stock is not reflecting returns from eventual new products such as an augmented reality headset and a self- driving car. let me tell you, dan ives of wedbush, sat right here on our

set and told us this , but apple is up 3% it stands below that $200 price target to $170.14, the firm maintaining an overweight rating on apple. looking at tesla shares, they are at the moment up 3.5% after ubs hiked its price target on the stock to $1,000 already popped to 1,043 right now, ubs expects no rival to get even close to tesla in 2022. separately, there is a report that tesla is replacing the autopilot cameras in the front fenders of some of its electric vehicles, and they will be doing that for free due to faulty printed circuit boards. get your baker mayfield nft here , everybody, draft kings signed a deal with the union that represents the nfl players. the stock is getting a 2% bump on that the sports betting firm plans to launch nft collections in partnership with the league's

players association which will give draft kings licensing rights for the authentic name and image of active players. okay, so we're not getting that guy, and glaxo-smith kline says its covid-19 antibody treatment is effective in treating all 50 identified mutations of the omicron variant. the results provide hope that at least one monoclonal antibody therapy will be effective against this highly contagious variant. glaxo-smith kline up about 1 1/3 %. one company sending a charge through the chip industry as it ignores silicon to zero in on a different element to electrify our world, the navitas semiconductor ceo is here on why he says gallium n itride maybe here to solve the crisis, "clayman countdown" is coming back the dow is holding on 451 points

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voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. liz: semiconductor makers worldwide are actually making major strides in beating the ongoing chip shortage which, you know, this year and last year, disaster right? this morning car maker stelantis and chipmaker foxconn announced a partnership aimed at designing and distributing new semiconductors for the automotive ins and third party customers, this as the semiconductor association reports that global semi sales are poised to hit a record high this year, of $553 billion, while traditional semiconductors, microchips, have been made using silicon materials, chipmaker navitas says gallium nitride is the silicon of the future, investors think it might be right the stock is up

41% since it went public via spac just two months ago. navitas co-founder jean sheridan joins us, what do you make of the foxconn and stilanti s news? >> well it is an interesting challenge and a big development. i think that it speaks to the really the shortage is not going away anytime quickly and that's why we like gallium nitride can you can produce five times more chips from a silicon factory when you switch so that really opens the doors to a significant relaxation of a lot of the supply chain challenges for the industry. liz: now, specifically, what you guys do involves the power chips for items everyone from computer s to we can put up your partners here, you make the things that help power electronics, correct? so it's not necessarily a traditional chip, does gallium nitride work for the future traditional chips out there? >> it actually is already

popular in octo-electronics which is display technology and already popular for wireless data like 5g basestations we're now bringing gallium nitride to the broader market of power chip s which is a 20 to $30 billion market, it powers everywhere, whether you're fast charging your phone or powering a data center or getting power from the sun and solar panel so it's a huge market opportunity. liz: let's talk about gallium nitride over silicon. we were joking earlier, gallium nitride doesn't exactly have the same ring as silicon valley but you believe it really is that element of the future. tell us about it, and where do you source it, because our research shows that the biggest sourcing comes out of china and we know that the biden administration has just said, we've got a diplomatic boycott of the beijing olympics, and, you know, there's questions as to what happens next between the , whether it's the international trade relations or just diplomatic relations between the two

countries. >> it's a pretty fascinating story. gallium is actually a naturally- produced by-product when you make other metals like aluminum so it's actually produced all around the world anybody making metal not just china it's all over the place and for decades nobody had a purpose and it was only maybe two decades ago people realized that gallium material, so low costa vail ability can be combined with nitrogen in the air that we breathe and when you put these two things together, it forms a really powerful bond, 10 times more powerful than the silicon chip. two times faster electron mobility, all of that means we can make a really powerful chip in a tiny size, very fast, very efficient, very small. small and when you realize the whole world is moving from fossil fuels to electrical energy, chips can make electrical energy faster and more efficient, cheaper, more reliable and lower cost. a lot of good things come from this material that's around the world that had no purpose for decades and now its got a very big purpose and a very big

future. liz: well i would imagine you're striking partnerships right and left because chip companies are always looking to lower their costs and increase their margins tell me about the opportunities you see out there beyond the spaces that you're already in. >> it really is vast, because as they say everything needs power. if you look at the power grid around the world, it's actually delivering high voltage ac power that's the opposite form of what all electronics need. they need low voltage dc, so the grid is actually unusable in its current form. we convert that from high voltage ac to low voltage dc. everybody needs it whether it's fast charging your phone, power ing a data center or fast charging your electric vehicle, or even converting solar power from low voltage dc panels back to high voltage ac to power your home or car so it is really broad and vast and that's part of our challenge, we chose to focus on mobile charging first. that markets taking off very very quickly, fueling all of our short-term growth, but we

created the ipo to create capital to expand the technology into these bigger markets, these higher power market so we're going after data center, solar renewable energy and electric vehicles are a few but after that, there's a long list of possibilities, because everybody needs power and we're eventually going to address that entire 20 to $30 billion tam growing even higher as we move from fossil fuels to electrical energy over the next two or three decades. liz: it's a fascinating story development, navitas is the stock your revenue is in the most recent earnings report were up 60% year-over-year we'll be watching it and i want a key to the city of gallium nitride valley. that may happen. >> there's silicon valley we won't steal that name. we're on the beaches of la so so we call it gan beach. liz: right there, okay, i'm there. get me the t-shirt, gene sheridan, thank you so much of navitas. the sec cracking open the books

of former president trump's spac merger partner, charlie gasparino has details on just what government might be looking for , he's about to break this story next. and carl runefelt, bitcoin bull and top crypto youtuber joins me on my everyone talks to liz podcast which literally just dropped minutes ago. three years ago, this kid was a high school dropout and grocery store clerk envisioning life on private jets and yacht, real success. today he's educating millions on his crypto success, and why he says bitcoin is king and will not be dethroned, by all of the other coins out there. you've gotta her his powerful story and see how he just spent $1 million on buying a crypto nft, nice to throw around money like that, well sorry, not throwing it away, he loves it. listen on spotify, google wherever you get your podcast,

closing bell 18 minutes away, we are still seeing lots of green on the screen but as the chipmakers and anything in the chip space that is power ing this rally. 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 i promise - as an independent advisor - matchto put the financialtion. 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.

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liz: american airlines announcing a new ceo will pilot the company into 2022, ceo doug parker, stepping down on march 31. he will be replaced by american 's president, robert iso m. parker is stepping down at the end of the year, after running the airline the past two decades he did lead american during the 9/11 crisis, and helped keep the airline afloat during the coronavirus pandemic. shares, let's call them flat-to- slightly lower right now , $17.78 apiece. as the securities and exchange

commission investigates that deal between former president trump's social media company and the spac it hopes reverse-merge with called digital world acquisition corp., senator elizabeth warren of massachusetts was already on the case. she penned an open letter to sec chair gary gensler demanding a closer look at digital world. that was three weeks ago. charlie gasparino has this story what is she looking for? charlie: on why this thing, because she got involved could get tossed, and if it results in a case, obviously. they are just right now, its been disclosed there was an investigation by finra and the sec, they're looking at the filing, obviously there was money raised from investors that was not disclosed i'm not sure you even have to disclose them but it was interesting that she comes out first, then there's the investigation. so, i asked my sources, does this somehow taint the investigation? and these are securities lawyers my sources who worked at the commission in the enforcement division, a couple pointed out,

number one, if trump did the same we'd be hearing a lot of outrage. trump did some of the same stuff we should point out. he got his anti-trust division to go after cnn or excuse me, at&t time-warner, because he didn't like cnn, so there was some of that, but, you know, this is, it does taint the case, and that tainted the cnn case by the way, or the at&t time-warner case, that did taint the case before a judge, and as you know, the deal was allowed to happen not that it was a great deal. liz: but since when does elizabeth warren get involved in a company and a spac -- charlie: okay so that's the whole thing. now here is what i also asked. i said yes but is there legal precedent that someone calling for an investigation prodding the sec and you're in a powerful position, is there any legal precedent for that to be tossed, if the case ever comes? and i'm going to throw a name, a blast from the past, i don't know i asked your producer to get the picture of the guy. not gary gensler -- liz: he maybe so far in past we

couldn't get a picture. charlie: a former senator from connecticut named lowell weiker. he was a long time senator, he was a liberal republican conservatives hated him, he was like nelson wreck rockefeller republican, anyway he voted with democrats but in 1979 he called for the investigation of a company called pittsburgh wheel ing corp., and in calling for that investigation, and helping the sec get that, do that investigation, apparently, a judge thought it was skewed and because he was a ranking member of congress as you know the sec is, senate has oversight over the sec, he thought that that tainted the case, and they, the federal judge threw the case out in 1979. now there's a precedent. i'm not saying this is definitely going to happen here, there's key differences, apparently weiker was actually given information to the sec.

i'm not sure, i don't know if warren has been given information to gary gensler, but , here is what we do know about warren. incredibly powerful when it comes to banking and financial issues, sits on various commissions, committees that regulate stuff that the sec does , she's very close to gary gensler, i mean, gary gensler, she's been supporting gary gensler and for him being at the sec since day one, a lot of people think she put him in there and number three she's obviously a partisan democrat now going after donald trump, who she obviously doesn't like on this whole spac thing that he's going to build-out his media property on or supposed to be a social media property. there's a lot of smoke here. i'm not saying it's going to get tossed because again, there's a little difference between this pittsburgh wheeling case, but, but, she's involved, it looks really crumby, it looks a lot like politics, and gary gensler, when she says jump, gary gensler generally says how

high, because she is very close to him. now, absolutely true, liz. liz: no, i'm saying, if they start getting involved in these kinds of things just because it was donald trump -- charlie: why doesn't she just keep her mouth shut? if it's that bad they will look at everything, i just don't understand her getting involved in this , but she screwed them by doing it. now the case has taint. liz: well,dwac is up about 10% as i look. charlie: that's what they call it? liz: yes. charlie: dingell wall world asset corp. liz: charlie, thank you, we are coming right back, bitcoin hovering around 50,000 after this week's crypto crusher, where it fell, to 41,000, today 's countdown closer has one stock he says is the best way to cash in on the crypto craze. closing bell, eight minutes away , we are coming right back, we've lost a tiny bit of steam here and by the way, intel, which triggered the entire big

tech run today, is down about, it's up, it's still up 2.5% but it was up 8%. . . as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage.

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on your screen right now to see if your doctor is in our network; to find out if you could save on your prescriptions, and to get our free decision guide. humana, a more human way to healthcare. ♪. liz: folks, four minutes to go before the closing bell rings. s&p, nasdaq having their best days since march. we need to look at intel. intel way off its highs. still up about 2.9% but it had jumped as high as 8% on the news it will publicly list shares of its autonomous vehicle technology driving division. while intel coming off it the highs, look at navitsa we interviewed the ceo of this chip company, that does not use lithium but nitride which is less expensive.

they're expanding, forming new partnerships. look where the stock was before the interview. it is up 8% for navitas semiconductor. let's get to bitcoin. bitcoin bouncing back after a very rough trading weekend fueled by omicron fears and taper talk from the fed that could burst the crypto bubble but our "countdown" closer has a name for your portfolio to take advantage of the crypto woes. joining us jay petrocelli. what is the name you like? look what happened this weekend over the span of one hour we saw bitcoin falling dramatically to 41,000. you no it is around 49, 50,000 but tell us which space because there are other choices? >> yeah. hi, liz, great to be here. for clients looking for exposure to crypto but not necessarily take an individual currency we talk a lot about coinbase with

our clients. we like to do it in a hedged way but when you take a look at the actual stock itself it can participate in the growth of the crypto space, also experience some of the dechinas of the crypto space. it had a pullback along with a lot of the cryptos and if you take a look today, it is a great example because they're a broker earning commissions they can create additional value than the coins themselves. today's outperformance over bitcoin is an example of that. liz: going into today's session, month to date it had taken a 10% hit. you look at this company, it is forging a path. they have the machete out, going through the forest with all the trees an weeds but you expect to see stumbles where the sec might stick out its foot or something like that. what other opportunities, what other competitors are coming close and why do you believe that coinbase will still maintain its lead? >> well you know, coinbase happens to be one of the easiest

ways to play it. there are other than etfs you can use to get exposure to certain cryptos. nothing so much specifically about coinbase except for they're size, right? what they bring to the market. you put, for us when we look at it this is a still a small portion of a portfolio, right? we don't think it is always, it should be such a huge percentage of your portfolio thaw experience all of the volatility about this. options market is strong for coinbase. allows a lot of hedging to be done. allows to manage risk, especially in a position like that will have embedded volatility in it for sure. liz: jay, really good to have you. while you were speaking, the dow topped 500 points once again. it has been a very strong day. thank you for your perspective on coinbase. as we look at these numbers, the s&p does not look to close at a record high, just shy of it at 4686. so it is not where it needs to be which is more like 4700.

and still though, a very significant gain of about 2% for the s&p. the nasdaq has been the star today, up 3%. [closing bell rings] or up 458 points, charging ahead. and the dow capping off 1 1/3% gain of 493 points that will do it for "the claman countdown." thanks so much for joining us. "kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. all eyes on the biden-putin virtual meeting today. could be a major superpower confrontation. just in a moment we'll hear from former director of national intelligence john ratcliffe who knows a lot more than i do and will help pilot us through this fog of war but let me say one thing right at the top, it is my great hope speaking as an american who still believes politics should stop at the