gen, zimmer, some of these orthopedic companies that have gotten annihilated, we haven't seen the supply chain disruption there, and so that is going back into the new year. charles: well thank you both very much, nicole, and ken, have a fantastic week, and liz, its been a crazy week hasn't it? we've been all over the place and ironically, you would have thought today would have been a big down day. liz: yeah, you would have, but you're absolutely right. the highest inflation number in 39 years? not spooking wall street as we kickoff the final hour of trade. markets are wrapping up a winning week with a move to the upside, the s&p 500 within a whisker of a new record. it needs a gain of 37 points to lock it up, we're not quite there yet, we're up 23 but we're watching it the dow gaining 103 points and the nasdaq, we are up about 31 points on the tech-

heavy index. the consumer price index, the c pi coming in at 6.8% as inflation drives up prices of everything, from food to gasoline. we're going to take you on a trip down memory lane back to 1982 and our floor show traders will tell us which stocks they think will trade like it's 1982. is the bottleneck at the ports showing at least some signs of easing now? we will go straight to the port of long beach to get the real scoop from the shore. executive director mario cordero is here in a fox business exclusive. plus, doggie daycare is in high demand as people head back to the office. the ceo of dogtopia, the largest provider of doggy daycare in north america and a very hot franchise is here in a fox business exclusive with how he is pampering the pandemic pups and what it costs to start up a dogtopia franchise and spoiler alert. did sex in the city make a huge

mistake that investors are now paying for? details on the shocker that's got the exercise bike company's investors back pedaling at this hour. but first, a fox business alert, we begin with, as we said, about 59 minutes left in the last hour of trade for the week, and while consumers might be spooked by sticker shock, investors for the moment are not. but for the russel down slightly much of the day, we do have green on the screen for all the major indices. consumer inflation for the month of november coming in the highest level in nearly four decades. the cpi rose 6.8% last month year-over-year that's the highest jump since, yeah, you've gotta go back to june of 1982 so, we decided to take a little walk down memory lane and see what was going on back then. well, as we know, ronald regan was president, steven spielberg 's popular science fiction film e. t. debuted back in 1982 and quarterback joe

montana led the san francisco 49 ers to a victory in super bowl . that's a long time ago, as for me i was living the student life in college and here's what i looked like back in 1982. that's when we actually had cameras that weren't on phones, okay? economically, interest rates stood at 11.5% back in 1982 and the dow closed the year out at just 1,046 on an adjusted basis , apple stock price on december 10, 1982 was $0.13. okay so that's adjusted. it went public at $12 a share but home depot was a big jump there, $0.29. all right check out what those stocks are doing today, and we can see where they stand. now, you've got apple at $177 a share, home depot at 413.

let's get right to the floor show on this , guys, we have not a flicker of worries in fact the vix, the volatility index, showing absolutely no fear dropping double-digit percentage while earlier down about 11% we're down 9.6% so there's no angst in the markets we've got sarge, phil, phil take it away and tell me what's in the psychology of the markets right now as we look at green on the screen pretty much across-the-board. >> well yeah, i hope you like my 80's back drop, this looks like a music video back here, but i didn't have time to do my mullet, if i had 20 more minutes i would have gotten it going but at the end of the day, inflation is now obviously different. i remember 1982 believe it or not. i know it was a very long time ago, but if you remember, we were going into the 80 recession just coming out of it, you know, gas prices were through the roof , you know? one of the companies i think that i want to throw back to is ford at that time, and ford's

been doing great again with high prices because they're getting off gasoline but that was the year that the f-4 150 it was the first year the best selling car in america. kind of interesting, so 1982, but you know, i look back there because that was the beginning of the reagan revolution, right? reagan came in, you know, things were doomy and gloomy, we had high energy prices we couldn't do anything about opec, we were afraid of them and reagan came in with more confidence in the economy. he came in with, you know, a plan to cut taxes, less government and that created the reagan revolution that went on to the 80s, you know, caused the biggest stock market rally in history, and i would argue really created the boom that we had in the 90s with new technology. now, this time of the year, everybody is looking for the next hot thing, they're looking for battery technology, that's hot. all of that storage. i like united micro technologies that's a semiconductor, and heck

i even like ford. ford is looking good again after all this time. who knew we'd be going back to the 80s with a ford 150. liz: yeah, all electric though, so kicking and screaming into the new millennial which is already at 21 years old here. sarge, we actually have a picture of you back from 1982, so i'm not the only one. we didn't get to see phil's mull et, but let's take a look at you, oh, my gosh, yes! nice. i like it, i like it. so, talk to me about what we think about the prices of stocks back in 1982 as they grappled with inflation and how you think we're absorbing it right now because we are looking at the dow, the nasdaq, s&p, up very close to records here at least certainly the s&p is just points away. >> all right, well, stocks have a hard time contracting, even though i'm more comfortable trading right now than i am

investing as long as real rates are negative, and wages are negative, versus inflation, i think folks will have a hard time pulling money out of stocks so we do have a bid at least for a little while. liz: okay, we've got a bid for a while but do you have picks where you think that these are opportunities just like say, for example, apple and home depot were back in the day. okay, i don't think we have, we've lost his isb. go ahead, phil. let's continue to discuss the issue because i do get the sense that when we look at tech tech is built into our lives right now, maybe just like energy was back in the 80s. >> absolutely and everybody right now is looking for the next hot thing, and obviously, it's battery technology, it's hydrogen, it's

the new energy, right? and everybody realizes that we're in an energy transition. how we get there is going to be key, and the companies that can capitalize on that, but a lot of this , i think, is like the dot com company, there's a lot of technologies & companies and a lot of winners or losers you'll see a lot of these stocks kind of start off and peter out at the end of the day, but i think you can always go back to some of the old reliable companies that have been around, panasonic for example, they've been around for 80-90 years okay but they're transitioning into the new millennium and there's a company that i think is very in expensive right now and its been sidelining, but they are getting big in the battery technology and i think when the market starts to realize that, i think people are going to get really hot on this old time stock, we used to sell radios, and back in the 80s i had a panasonic boom box if i

remember, took c batteries to run that thing it was awesome. liz: [laughter] oh, man i remember the boom box era too, big gigantic d batteries. okay, sarge is back, and better than ever. let's talk about your picks. >> okay. liz: maybe get to performance well as apple did from 1982 until today. >> all right, we went under-the-radar i'll give you three choices here. path, it's about a $45 stock, automation software, robotics platform, allows businesses to scale mundane or basic tasks, balance sheet real solid, 1.9 billion in cash, expect to be profitable by 2022 which is next year. second one is planet labs, pl. this is dmyqs had and two weeks ago, now it's a big boy, so it's a spac, and d-spac and google, coke, strategic, time ventures and blackrock. revenues probably about 130 million this year,

190 million next year, profitable, hopefully by 2025. third one is xxii, 22nd century group. these guys are losing money, but what they sell at very low nicotine cigarettes and what the health ministry of new zealand just did is they are trying to make cigarettes basically illegal and a lot of pane and asian countries are listening and even joe biden is listening so even though these guys are negative and they don't have a lot of sales right now, if things go their way this thing could be the ugly duck that turns into a swan and it's only a $2.29 stock for those that don't have a lot of money. liz: interesting. gentlemen, great and thanks for the trip back to 1982 and e. t. and reagan. all that fun back then for those who were actually alive. great to see you both have a good weekend. fox business alert, we've gotta look at oracle here. it is hitting a record high after the enterprise software maker gave an upbeat forecast. the companies cloud revenue rose to the rainbow 22% higher in the

second quarter, at least 11 brokerages raised their price targets on oracle to between 87, behind because we're at $102 right now, to up to $126 on the prospect of a rebound in i. t. spending but oracle is getting a 15.9% bump right now. on the other end of the spectrum , moderna is at the bottom of the s&p, after investors disappointed in the company's early clinical trial results for its seasonal flu vaccine, which may not be showing high efficacy. the stock, while off session lows after moderna management asked investors to wait for more data on the mrna flu vaccine is still down about 5.6%. >> this ones a doosey folks, peloton shares continuing the downward cycle that began accelerating thursday since, of all things, wednesday night's debut of the new sex and the city reboot. okay, first of all, spoiler alert folks, tune out if you

don't want to hear the plot. everybody out? okay what happened? death by peloton. beloved character mr. big played by actor chris noff hads collapses and dies after his 1,000th peloton ride led by real life peloton instructor jeff kan g. a peloton spokesperson told various news outlets, while it had approved king's participation, the connected fitness company was not informed of what the plot involved and whether anybody be keeling over after using its product. okay, so the stock is down 6.7% right now, it was already down 75% this year. since the airing of the episode entitled, and just like that, the stock has tanked 16%, and by the way the la times saying, " rarely in the history of pop culture has an enviable product placement ever gone quite so wrong." no word on whether peloton will take action against hbo max

whose parent at&t owns warner media down about three-quarters of a percent, credit suisse pil ing on the pain cutting the stock to neutral from out performing and cut the price target to $50. now, ex-city and the city work out from home stocks were already struggling. now we've got more news on lulu lemon. not only is it an apparel giant for yoga pants, the parent of mirror, they bought mirror, the interactive workout company just beat on earnings but the stock is getting hit after l ulu cut its full year forecasts for mirror sales, from as high as 275 million to now as low as 125 million. shares down 2.7%. sky high prices have christmas party planners rearranging the menu. we are headed out to a new jersey butcher shop to find out what he is now charging for specific cuts of meat, and what the high prices mean for his 80-year-old business. closing bell ringing in 47

minutes, dow is up 126 the "clayman countdown" on this friday is coming right back

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liz: you are looking live at the gorgeous christmas tree right outside our fox business studios on 6th avenue. by the way, people absolutely broke their backs to make this happen over just 24 hours. isn't that stunning? just leave it there for the rest of the show, all right, but no, 15 days until christmas, many of you are starting to prepare your menus for the big family holiday feasts, but do you have meat on the menu? from fillet mignone to ribeye, meat prices in the november cpi report which indicates inflation at the consumer level showing an annual 16% spike, but what are the butchers really charging lydia hu might have the answer at an 80-year-old butcher called butcher john's meat market in scotch plains, new jersey, lidia reporter: hi there, liz. you know, john's meat market, like you said has been in

business since 1939 so might not be a better place to get insight on meat prices than this place right here with owner vincent le sario. vinnie, we are so glad to have you with us today. prices for meat across the country are up, including here at your store. you are raising prices too because you say you have to, but you're getting sticker shock from your own prices, you say. what is really sticking out? what are some examples of the prices that you're surprised by. they've been jumping up like crazy and prime rib roast jumped up almost $29 a pound and it really shocks me, i tell the customer right away before i said here i'll take your order for christmas. now i'm saying hold on let me explain it to you because i don't want to put them in shock, and they are buying it, they want prime, and it's christmas. reporter: right and that's $29 a pound up from 22 and another example you share is a rack of lamb, liz, last year that would have cost about $90 now it's up

to $140 but vincent here has been in business for so long, he has survived during inflationary periods before and you've got some tips for customers out there who still want to have a good christmas meal. what the are some of your tips people can take advantage of? >> well right now, the price of prime ribs are high so we tell the people if they want to stay a little lighter get a top sirloin roast, it's prime, aged and like butter and less than half the price. reporter: that's a great tip and insider knowledge and look for cuts that don't have the bones so you don't pay for them. >> yeah, bone less cut don't worry about the waste and fat and prime quality put all three together it'll be less per pound , and you'll have a good meal. reporter: and then lastly, you say, you've gotta think prices are up in the market and the grocery stores up at the restaurants too he encourages people to shop at a market like his and cook at home and liz we have an advertisement that vincent ran back in the 1,970s for this market that is really

relevant to today. you can take a look here, that says why pay more? because you're really paying less, less fat, less bone, less waste. what does that ad mean and why is it relevant now? >> right now it's almost the same economy that was prices were real high then and people were saying boy, the price is high and i say when you takeaway the less fat, you takeaway the bone, you get prime quality, you put them together, it's definitely saving money and that's what you're paying really less. why pay more but you're really paying less. reporter: vinnie thank you so much for sharing that insight. liz hopefully people out there can heed vinnie's advice find someone like vinnie in their local community because the news here is we just wrapped up a costly thanksgiving and it looks like this is going to be another costly holiday meal to prepare. liz? liz: all right, tell vinnie i'm coming to scotch plains and i want a nice butterflied fillet. that's my favorite. reporter: liz is coming here. liz: great to see you.

i wish the prices weren't so high, but vincent just guided you guys on better ways to maybe deal with it, but it is a rising price environment right now. not transitory, as we've been telling you for now eight months pandemic pups boomed at the coronavirus locked down millions of americans, but what to do with man's best friend, as you head back to the office? dogtopia is the super hot franchise business stepping up to lend a paw. the ceo of north america's fastest growing doggy daycare is here next in a fox business exclusive. with the closing bell ringing in 38 minutes, we do have the dow up now, nearly 150 points, we're just about 99 points away from dow 36,000.

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liz: investors in pet e-commerce titans chewy are wimpering at this hour despite reporting a 24 % jump in quarterly revenue, shares are in the dog house right now down about 9.5% here's the problem. while the company matched wall street's revenue expectations it did post a wider than expected loss of $0.08 per share, the expectation was for a loss of $0.04 a share and now if you're assuming americans are suddenly deciding they don't care about their pets anymore, you be wrong on that. take a look at north america's fastest growing doggy daycare brand, dogtopia, seeing bright side of the pandemic puppy boom, with more than 170 locations in the u.s. and canada, the doggy daycare saw more than 1 million visits in 2020 alone. so let's bring in dogtopia president and ceo neil gill.

neil great to have you. look if 2020 was so strong for you guys during a lockdown, what has dogtopia's demand been like now that people are returning to work and i surveillances would need pet daycare more. >> so liz, first of all thanks for having me on the show. so very privileged to be here so thank you. its been a crazy year for dogtopia, liz, it really has so we came out as covid stronger than we went into it and there's been a combination of things driving it so you've got this really robust win with six to 11 million new dogs in the market and it's hard to exactly know how many but it's somewhere around six to 11 million. that's a lot of new dogs, and then, what's happened is you've got a lot of new families that have taken puppies into their lives and if you ever had a puppy, you know, it needs a lot of work, and we talk about the fact that it takes a village to raise a puppy and dogtopia is part of that village, and so the

shift, liz, is where people say to me, oh, i bet you can't wait for people to go back to the office. what we're seeing is that people are spending more time at home with their dogs, and they realize just how much attention and how much exercise their dog needs, and so, you know, we know a dogtopia dog in daycare does about 30,000 steps a day, so i can tell you, liz, i'd love to do 30,000 steps a day to keep my fitness up. liz: [laughter] i know. i'm right there with you i find the business really interesting. you've got play rooms with web cams. you have, you know, supervised play which is, as you mentioned, important because we are seeing dog obesity, these dogs definitely need exercise and it's cruel not to let them get out and run. each new dog gets a report card at the end of its stay. what else do you guys offer and what do you find is really resonating with average dog owners? >> yeah, it's a great question.

so, we've done research around it in fact just this year we've done a lot of research just around the actual pet parent type and who uses it and what for , and one of our key differentiators, liz, is that we're a daycare proposition, like our absolute focus is that we provide the highest level of care when it comes to daycare. no other brand focuses like we do on the quality of care from a daycare point of view so we're not a boarding facility. we'll do some overnight stays, particularly for the daycare dogs, but our absolute key focus is our canine coaches are some of the best trained. they are trained by two of the largest dog training schools in the u.s. so our canine coaches are all certified and they focus on three things in the play rooms so one is socialization, so we guarantee your dog will meet its bff while in dogtopia daycare so that's their best friend forever so we trademarked that because we believe so much in that and we

have a lot of fun around that and we also make sure the dog gets exercised because 60% of dogs in the u.s. are obese, and i've spoken to a -- liz: i want to jump in here, because another business aspect of this that you guys have been a very hot franchisee, you're ranked very high on the list of 100 most popular franchises and people are interested and we see quitting their jobs and having control over their own destiny. the costs here, how do you rank and how do you keep the costs at least doable for somebody who would really like to start a doggy daycare and these are sprouting up everywhere. there's six in houston alone, you've got a lot in virginia, bunch in northern california, but the cost here, and we can put up some of the prices for doggy daycare is, i believe $49, 500 for the initial franchise fee, you need 300,000 minimum liquid capital and minimum net worth of $1 million?

>> that's correct, liz, and let's touch on some of that. so here's what i'm excited about this industry. so you've got franchising which provides this really wonderful entrepreneurial model of allowing entrepreneurs with ideas to run a business with the support of a franchise system and what we spent a lot of time around is really understanding how do we minimize that capex, that initial investment upfront, and how do we support the franchisees from before they were open so they're actually, they have dogs in the door from the very first day that they opened, and then they ramp in that first year, really rapidly, so that we're driving very strong single unit economic s from the get-go. you put together that wonderful entrepreneurial spirit, add that to the support of a franchise system. liz i've been fran chinese franchising since i was 15 years

old, it's in my blood and i love that combination, and then you mix that in with a pet sector, the strongest sector in the country today, and it's this recipe for just success. it's really is quite incredible. liz: gotcha. neil, franchising since you were a teenager we're going to profile you on my everyone talks to liz podcast because we talk about great success stories and i love that. neil gill of dogtopia. good luck to you and thank you so much for all you do. we appreciate it. >> thanks, liz, for having me on the show. liz: anytime. the great port pile-up still under water with goods floating out at sea but are shippers starting to finally see a glimmer of light at the end of the dock? we've got a fox business exclusive with the executive director of the port of long beach, mario cordero. he's about to break the latest news on the cargo logjam. we're coming right back, dow is now climbing 170 points.

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visit findyourindependentadvisor.com liz: after months of logjams at the nations ports which in turn have delayed consumer goods and triggered spike in shipping container prices, is there final ly a slight glimmer of light at the end of the dock? we're asking that because maybe. back in september, the average cost of a shipping container hit a record high of $11,000 per container as compared to the pre -pandemic cost of just 1,300 but now, we're hearing from the index that there's a 15% drop from the september highs with an average container costing now around 9,000 dollars in november. with 90% of the world's goods shipped by sea, our recent updates in the supply chain crisis a sign that the tide is finally turning, or are there still rough seas ahead?

to the man running the second busiest port in north america, mario cordero, executive director of the port of long beach ready to give us a fresh update in a fox business exclusive. okay, mario. is it better? how are we looking right now? >> well thank you, liz, for the invitation. i can report to you that progress is being made. i think just in november alone, if you go back to a date of november 1, after looking at the final november numbers, to this day, we have reduced the containers that have been dwelled at the terminals for longer than nine days bias much as 41%, and so there's light at the end of the tunnel in terms of the capacity constraints that we were having, and overall in the global supply chain i think it's fair to say that things are getting a little bit better so we have a little bit more optimism in terms of what we look forward seeing in the next six months of 2022. liz: well 40% fewer is certainly a good sign but i do have to ask you because we hear that there

were major steps taken to try and fix the situation, and among them were things like don't pile into the bay and wait. so some are kind of loitering out at sea so they don't get counted. i mean, can you give us the real story of what's going on with how many ships are waiting to unload? >> absolutely. so based on a policy that was negotiated by the pma and the marine exchange, working with international carriers, the rush to get to the west coast in terms of getting in line to get into the port complex has now been substantially mitigated because now, your place in line is going to depend on the time that you depart from asia, so that means that the carriers come at a slower speed to the west coast and not be so in a hurry to get here and of course that reduces emissions, and secondly, with regard to the number of vessels that we're having off the coast that we call vessels that anchor, we now have have a bigger area that we call maybe

the 150-mile zone, so to speak, so on that, there's been a lot of improvement on two bases which is the safety of the vessels and of course deal with the air quality issue from this policy change. liz: you know, mario, we, on this show, look at what's going on inside the beltway, only if it has a pocketbook issue or an economic issue. lately, we have watched president biden meeting with ceo 's and trying to deal with shippers and speed up the process. did the federal government do anything yet to actually help the situation? >> well its certainly brought everybody together in terms of having a spirit of collaboration , in terms of what we needed to do. when i report that some of the containers that had been at the terminal for longer than 90 days dwelling, part of that proactive in terms of results have been because of the cooperation and discussion we've had with the beneficial cargo owners and the carriers

and the marine terminal operator s so i think it's fair to say that the fact that we came together and rolled up our sleeves to address these challenging issues was a very beneficial step to have, because again, the spirit collaboration was basically encouraged by the white house and certainly i'm very appreciative in terms of that collaboration at all levels with the stakeholders because when you talk about how we do things it's not just the port authority or marine terminal it takes a group of stakeholders to address this question. liz: absolutely. thank you so much for the update , and i'm going to take it as a positive. i really am, because we are waiting for the supply chain to breakup the logjam and it looks like things are starting to happen at the ports, and thank you very much. it's great to see you. >> thank you so much liz for the invitation. liz: happy holidays mario corder ox of the la ports on long beach ports. charlie gasparino is up next, he's got some news on crypto,

and carl runefelt, bitcoin bull and top crypto youtuber joins my everyone talks to liz podcast, scott basically goes on youtube and explains crypto. three years ago he was a high school dropout, grocery store clerk but he's sex-educated and now he's done really well, he's a multi millionaire living in dubai, okay so you've gotta hear his story, it was just shear will so you can download it on spotify, apple, podcast, fox news podcast, anywhere you get your podcasts. we are 17 minutes away, from the close of the session, and the week. the s&p is at a record right now , up 37 points, that is how high it needs to be up, let's see if it can hold, don't go away.

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liz: the legal drama between crypto giant ripple, which of course is behind xrp and the securities and exchange commission is nowhere close to an end, and now, it looks like bitcoin and ethererum maybe caught in the fray. what is this about, charlie? charlie: um, one of the more bizarre stories i've been cover ing for a while particularly in crypto, everybody has always assumed that bitcoin created by the mysterious satoshi nakamora, th ethererum, you got his name right, they created the ethererum blockchain with the ether crypto coin and the blockchain is bitcoin,

everybody always assumes they're legal, compliant securities, decentralized, the sec, they don't have to register with the sec. the sec has said as much in a speech in 2018 by bill henman, the head of corporation finance and the other literature that the sec put out essentially deemed those two compliant securities. well, not so fast. i'm reading the literature, the court testimony, in the ripple versus sec case, ripple has been dinged for selling non- compliance, non-registered securities mainly its xrp crypto coin. in reading this thing, ripple is trying to argue that we're not much different than bitcoin, or ethererum, and what the sec is saying is we don't care whether you're that much different than those two. we, at the sec, have not declared those two complaint securities as of now. as of now neither of those things are one way or the

other, we have no opinion on whether they are compliant securities. that is a huge story, liz, in the crypto world, because it essentially opens the door to an enforcement action, if you take the sec at its word and that's one of the lawyers whose arguing the ripple case, if you take him at his word, the sec theoretically could file charges against ethererum, for issuing noncompliant securities that they issued in the past even though it's decentralized now it wasn't always decentralized, same thing with bitcoin. when nakamora created bitcoin at some point it wasn't decentralized it was just him, right? guess what? and as you know, i think the story within, he hasn't sold any of his bitcoin but maybe some of the initial people that worked on it did. then, did that become a non-- compliant, worked on the bitcoin blockchain. this is where this is getting so bizarre and it does, listen.

i don't know if they are going to go back and look for mr. nak amora, whatever his name is, whether he or she exists because you don't know who it is right now. liz: it might be a bunch of people. charlie: i don't think they go that far back but clearly, ethererum could be in the cross- hairs liz. gary gensler, when he was an m. i.t. professor he said it, point blank. he didn't think ethererum, he didn't believe that ethererum, there was a case to be made that ethererum was not compliant. he said that on the record. he does not comment on that now, we've asked him to comment on that and this whole subject, the sec declined comment on this story, liz, but clearly, this is a story that's definitely being talked about inside the crypto industry, as his core testimony gets passed around. by the way the court testimony occurred a couple months ago but it's now, you see it on social media and that's kind of how i got my hands-on it, and the sec lawyer says point blank. sec has made no official ruling

on the compliance of ethererum's ether or the bitcoin cryptocurrency, liz, back to you liz: all i will say is we have the bit fury ceo the other day. he also testified before that house panel and he said, i asked him. is xrp a security or is it a currency and he said looks like a currency to me. charlie: you know, one of the reasons why this came up, whether ethererum and bitcoin is actually there's an sec ruling on it is because xrp's lawyers or excuse me, ripple's lawyers are saying the case against us does not hold water. we sold xrp, yes, but we want to know, it's not that much different than what happened in ethererum so we want to see in our discovery, the sec's rulings , what you've said, on ethererum, how you declared it back in 2018, a compliant security and bitcoin, sec comes back and says well we haven't

really declared it that was mr. hinman's personal been. very bizarre stuff. liz: charlie thank you, charlie gasparino, the semiconductor chip shortage creating headaches for tech across the nation but today's count down closer says one semi company could be the star of your portfolio. closing bell is seven minutes away. the dow now up 206 points we are at session highs. the s&p, it's at a record right now, we'll see if it can hold. in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines. and improved quality of life. that's why we recommend salonpas.

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your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire 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. liz: well, you know, they can go on and on about the markets volatility this week, but look at this , with the closing bell ringing in four minutes we could see a new s&p record, needs 37 points we're up 43, and for the week, i mean, monday and tuesday were nuts, right? look at what we've done though, the dow is about to snap a four-

week losing streak with its best week since march 12, the s&p and the nasdaq were a two-week losing streaks and we do have the dow looking to close for the week up 4%, s&p up 3.7%, and the nasdaq up 3.5% on the week. we want to show you this chip stock. go on and on about the chip shortage, but these guys are managing to make big money. following itsq 4 earnings report , broadcom avgo up 8.25%, earnings report after the bell yesterday showed they made $7.81 a share on revenue of 7.41 billion, and our countdown closer says skies are clear ahead for this chip stock let's bring in cfra chief investment analyst sam stoval, you're picking broadcom, why? >> hey, liz, actually, we've got overweight recommendations on the technology sector. a lot of people would think that heading into a higher

inflationary environment that tech might not be such a good bet, but historically, tech is actually the best-performing sector in a rising inflationary environment with energy and materials being numbers two and three, and broadcom here is a company that's been doing very well with its traditional analog semiconductor devices, but its also been branching out into the more profitable infrastructure software business , so that's why our analysts likes it so much. liz: well i'm wondering if you and angelo had have been looking at what's going on in the chip space specifically to the guest who joined us on wednesday the ceo of navitas, who uses gallium nitride versus silicon and he's 100% sure silicon is going by way of a dodo bird and stock is starting to move because some investors believe in that so i'm wondering when you look at the future for the intel and qualcomm and

broadcom of the world, it's a very hard business to be fleet- of-foot because fabrication plants cost so much. are they ready to be that company? >> well, i think based on the momentum that the company is benefiting from that yes, investors do believe that it has the ability to be nimble. it is looking to move away from your lower margin analog semiconductors, also we realize that the reason that so many automobiles are now not able to be produced is that companies have been moving away from these kind of chips so there is certainly a dynamic going on within this sector that we think broadcom will benefit from. liz: it is great to have you, sam, if i don't see you before the holiday, have a great one. thank you. >> thanks, liz you as well. liz: sam stovall, cfra. well folks look at this, the s&p 500 is hitting an all-time high.

we look to close there with just seconds left. that's going to do it for us at the "clayman countdown." we want to remind you, next week , is the last federal reserve meeting, the fomc meeting for rate setting of the year. >> [closing bell ringing] liz: no rate hike is expected but what the fed says could meet the markets we hope you'll join us, that'll do it for us, kudlow is next. larry: hello, everyone. welcome to kudlow, i'm larry kudlow. so, save america, kill the bill, two very important numbers came out today that i think virtually guarantees a pause in the big government socialist spending, taxing and regulating bill that was proposed by president biden. virtually guarantees a pause, and a pause into next year, and a pause into next year gets us closer to killing the bill altogether. now the first number, a h