inflation print and the fed admitting inflation isn't transitory i think it's likely to remain hawkish until we see inflation coming down, but some of these good growth names sell-off because i think in general it's #buythe dip scenario. charles: two of the best, michelle, luke, thank you both very much. as i hand it over to liz claman, eve got a mini cp effect, sort of the getting off the man blahs liz: i think that i've heard of them. yes. charles: you're watching it now it's on your screen. liz: isn't that the truth but the dow down 229 remember those guys it was down 361 earlier. we do have, of course the first omicron death that has markets retreating from record highs as we kickoff the final hour of trade. investors were already tense as they await news on the fed's tapering plans later this week, but the s&p, please remember, did close at an all-time high on friday, so the point pullback that you see right now of about 24 points could simply be profit

taking, the loss are a bit steeper for the nasdaq which now is losing about 123 points or three-quarter of a percent. the search for survivors continues in kentucky after this weekend's deadly twisters. we'll take you straight to the center of the destruction for a live report and the latest on the numbers. rivian, roblox, the robinhood, the three r's are just a few of the companies that turned 2021 into the year of the ipo. angel investor raul vora, whose also the ceo of super human is here to tell us how he sees 202e money from all those venture capitolists might go. diamonds are a girl's best friend so they say but will the supply chain crisis have the jewels on lockdown this holiday season? we'll ask the ceo of the parent of kay jeweler, jaret and more, joining us next in a fox business exclusive on what direction prices are moving in right now.

and peloton punches back, sucker punch, the quick ad it produced over the weekend to show that mr. big is alive and it's iconic exercise bikes are good for your health, it could be one of the best branding moves in commercial history, we shall see but we want to begin with this fox business alert investors are, you could say, putting face masks on their portfolios as they keep a very close eye on the spread of the omicron variant. all the while bracing themselves for the two day fed meeting which kicks off tomorrow, with its best week in 10 months in the rear view mirror the nasdaq right now shedding about 122 points but investors have kept their focus just about every single minute of today's session on one of the nasdaq's top components, and that be apple. we are on the $3 trillion in market cap watch, the stock did hit a record high of $182.13 today coming within a buck or so of the gains needed to be the first u.s. company to touch

a 3 trillion valuation right now we're at 178.56 at the moment, jpmorgan was enough for them they already raised the price target on the iphone maker to a street high of $210 a share. let's get to the s&p 500, it closed at a record high friday as we said, today under a bit of pressure down about half a percent after the united kingdom did report one death due to the coronavirus omicron variant. now, the cboe market volatility index which gauges investor anxiety is speaking right now it's up about 5.8% at the high of the session it was up nearly 10%. one day up, the next day down though, how do you manage the market rollercoaster that we see right now that is very much headline-driven. let's bring in our floor show traders tom haze and scott redler. tom heys, we really have have had quite a rollercoaster but there tomorrows appoint where with about 12-13 days before christmas depending on how late you go to shop you've gotta tell us exactly how as a trader

you're positioning your portfolio. >> yeah, well what we're seeing , liz, as you mentioned, cyclicals and the reopening trade are down today, defenses like pharma and staples are up, so we like a couple defensive stocks, we like bristol myers here, and we like becton dick in son here and bristol myers is trading at 7.5 next years earnings compared to last years historic multiple of 16 times part of that is because of the fear of the drug pricing rules and build back better program and we think a lot of that news is priced in and we don't think that the restriction s will be as bad as anticipated, and becton dicki nson is going to grow that 10% earnings next year , it's trading below the market multiple at 18.4 times and you get a 1.42% dividend yield while you wait. liz: yeah, while you wait but here is the thing, scott redler as we're waiting, we have to hold on very tightly because days like this where we say the dow is down 212, just about

a half a percent but you string a couple days together, and you've gotta pivot yourself to look at this as a buying opportunity at a time where the market has been nearly a straight up move, so first start with the sort of 30,000-foot picture, if you would. we have consumer discretionary, that's under a bit of pressure here, but as tom mentioned, pharma is doing pretty decently and some of the other names. where are you looking when you look at your actual charts, because you're not a big fundamentals guy. >> well, every week we've been approaching the charts very carefully, so as you mentioned, the rotation, although the s&p is one to 2% off all-time highs in a straight line as a lot of people say, you have a big percentage of stocks that are 70 , 80, almost 90% off the highs if you look at cathie woods portfolio, most of the high growth names have been in the down trend since february, so the trade you have to be careful. even like with something like apple you mentioned apple near 3 trillion everybody is looking at it. for most of this year apple was

in consolidation so active traders weren't looking at it so basically in november it ignited over that 150-170 area and now it's approaching that 3 trillion but if you're an active trader who hasn't been involved and you're like i missed it i want to buy it today, it might not be the right time so are you a market timer, what's your timeframe if an investor 1,400% in apple over the last decade, congratulations i have a feeling it'll do very well the next decade may not do that until you have like you said on wednesday, liz, a lot of people are saying they reduce the qe asset purchases by 15 billion. some think that 30 billion is priced in, i don't. if all of a sudden on wednesday they say they are going to reduce the price of purchase by 30 billion instead of 15 and accelerate the process that's when traders have to really watch their levels in the s&p to make sure we don't get a bigger pullback than the 2% we're see ing on the last day or so. liz: tom, i think scott is very much right but again, we do have the federal reserve bearing down

on us two-day meeting starts tomorrow, we'll know wednesday, how they view the world. right now we've got the 10 year yield at 1.426%. this , i believe, is holding below 1.44% for the third day straight. tell me what you see when it comes to exactly where we might look at an opportunity between christmas and new years? >> yeah, i think the opportunity between christmas and new years historically has been to buy the beaten down laggard stocks that underperformed this year to setup for next year, and i think the fed is going to go out of their way with omicron and everything else, to separate rate hikes from tapers, so while they accelerate the taper, it ends in march i think they are going to be very clear it doesn't mean that we're going to be raising rates immediately. we have to see what the data shows in march or april, as such, we could see a bid from some of the cyclicals and reopening that are down today, some of the bank stocks, some of the energy stocks et cetera. liz: yup, energy pulling back just a bit today, tom, scott,

great to have you thank you very much. we have breaking news we need to get to you, the department of labor now confirms it has opened an investigation into the deaths of six workers at that amazon facility in edwardsville, illinois. osha is investigating the safety at the building which was obliterated in friday's tornado es that swept across the midwest. amazon shares down about 1% at this hour. now, amazon structure that you see right there where the path just tore right through the roof there, that structure was just one of hundreds and hundreds destroyed by the twisters. you're looking at fresh drone footage, showing the devastation in mayfield, kentucky where damage is already estimated to be in the billions. six states total caught up in mother nature's wrath, the latest numbers, 78 confirmed deaths attributed to the storm that carved that deadly path over 200 miles. kentucky governor andy bashir says the blue grass

state alone has 64 confirmed deaths while 105 people are still unaccounted for. one of the hardest hit businesses, a candle making factory in mayfield, where workers were still on-the-job, precisely at the moment when the tornado touched down. grady trimble is live in hard hit mayfield, kentucky where he spoke to the factory ceo to get the latest on the search efforts. grady? reporter: liz, eight of the 64 people killed in kentucky were inside that candle factory about two miles from where we are. at last check according to the ceo, he tells me six people are still unaccounted for , and president biden will visit mayfield on wednesday. this is what he will see. absolutely unbelievable devastation, as far as the eye can see , complete destruction. you can see today it's about search and rescue, we have seen search and rescue crews still out, trying to find anybody who maybe still alive underneath the debris, and also, cleanup.

these roads were covered with debris over the last several days. now, they're clear and the community is working on getting into the other areas, like all of these buildings that are destroyed. you mentioned that candle factory and out of the stories of tragedy here, we're also hear ing stories of heroism, along with the first responders who went to that candle factory as soon as the tornadoes passed, i also talked with a commissioner here in graves county, who lives about 10 miles away in the next town over. he came in while there was still thunder and lightning to try to help get people out of that building. he was able to get , he said, between a dozen to maybe 25 people out of that building. various levels of injuries but amazingly, he says, they were alive. listen. >> it was just amazing that they were still alive like they were. we had some injuries, back issues and broken ankles and different things, but it was just really amazing they were still alive. >> i can 100% guarantee that

our company is not going anywhere. we will be, we are going to be here, back quickly, as quickly as possible. reporter: so that's the ceo there of the mayfield candle factory saying they're going to rebuild. it's one of the largest employer s in this area, liz. obviously, it's hard to even imagine how do you rebuild from all of this and that's what i've been asking people here today, as they comb through all of the debris and look for tokens of family members that they might have lost. i talked to another family who was looking for pictures, jewelry, documents, in the house of a loved one that passed away. they say to rebuild, we just have to do it step by step, what more can we do? president biden says whatever resources the state of kentucky needs and the other five states that were hit by these tornadoes , they will get. he understands they might not even know exactly what they need at this point. he says they are going to provide a list of all of the things that the federal

government can provide, liz, and all of that will be available to them, whatever they need they will get it. liz: that's why we pay our taxes , good. we need that to go to their poor , poor people it's just horrible, grady thank you very much for bringing the story to our viewers. from the tornado tragedy to the highly contagious omicron virus, while growing fears of pushing stocks down, they're pushing diamond prices up, and omicron outbreak near two of the world's key diamond mine regions, jack ing up the cost of sparkle. the ceo jenna drosos tells us how worried you should be if you're in the market for diamond s, this is a fox business exclusive, closing bell 48 minutes away the dow is falling 229 points as we said, off the earlier lows though, the "clayman countdown" is coming right back on this monday

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liz: well, demand for diamonds is definitely recovering falling the worst of the pandemic, and who needed to glitter up when you're stuck at home in the lockdowns but that new demand is being met with a sharp increase in rough diamond prices

which have sky rocketed some 24% year-to-date, and by the way, in just the last 24 hours, the economic times reports an outbreak of the new omicron variant in the key diamond min ing regions of south africa and botswana have left cutting and polishing units unable to replenish the stock needed to stay on track with the crucial holiday buying season here let's find out how cignet jewelers is going to navigate pricing and sales, the ceo jenna drosos joins us now of course the parent of kays , scales, diamond direct, great to have you thank you very much 12 days until christmas, so tell us how you're matching inventory with demand at your stores right now. >> well thanks so much for having me, liz. the great news is that we are stocked and staffed for holiday. our team got way out in front of ordering our holiday merchandise more newness in our stores this

year than we've seen before , i think a competitive advantage in terms of the price points that we have. that's one of the benefits of our scale. we're able to partner with strategic vendors, we got our products on time, we're priced to help people really be able to celebrate the holiday season. liz: well that's great. you also have been known for real value prices and that's why you have a huge number of people flocking to you, but how does that even begin to tackle the inventory problem and i suppose you could match the supply chain issue with the omicron variant that's hitting some diamond mines in africa. >> well our supply chain is a long one in the diamond business , obviously stones are mined, they're cut and polished. we have our own cutting and polishing facility in botswana, so we're part of that equation. we've done everything in botswana frankly that we have in all of our stores in the markets we compete into keep our employees safe and we have seen lower rates of covid in all of

our facilities, frankly, including botswana, than in the neighboring areas around, so our team is safe, they are continuing to produce high-quality diamonds. we'll see those coming through the supply chain probably six or eight months from now, but what's selling right now at holiday was in the supply chain a while ago and we're ready. liz: well, i'm so glad to hear that everybody is safe at your operations in botswana. there is that question though of , you know, the shear number of people you need to be polishing and cutting these diamonds on the ground in africa what are you seeing and how are you staggering shifts there? >> well it's something that we're always very thoughtful about. we have quite a distributed supply chain so we're not only cutting and polishing in botswana. that's one of many locations. there are many different vendors that we work within india, some suppliers also in china, and as you might know, there are some very interesting things going on with cut and polished stones right now.

we're seeing success both with larger carat weight natural diamonds, diamond fashion is really trending both for men and women but also seeing success with lab created diamond s so there is really quite a bit for customers to choose from this holiday. liz: i'm so glad you brought up lab created diamonds. about three years ago we started being inundated with ceo's of lab-grown diamonds and i found the whole process fascinating because lab-grown diamonds start with a diamond seed from an existing diamond and then obviously subjected to super high pressure speeding up what would normally take millions of years to create a natural diamond. millennials are very interested in that, because you don't have that environmental impact of actual mining when you're dealing with lab-grown diamonds. what are the trends for the younger consumer? >> well younger consumers is a group that we really pay a lot of attention to, gen z, millennials. the average age of getting engaged in the u.s. is 27 for

women, 29 for men. this has been a huge year for engagements, up high san diegos versus a typical pre- covid year, and will depend of course on omicron but if we see the record number of weddings we're expecting next year, the most likely people to get engaged are ones who are just at someone else's wedding so this is a consumer group that we stay very close to, it's one of the reasons why we've decided at signet to become a leader in esg, so we believe we're a leader in the company culture we're creating, we've taken up pay for employees in the last year, we have a company purpose called inspiring love which means that we are here to every day, to inspire love with our customers, with our team, and in the communities that we live in, so we're very philanthropic and we've been leading the diamond industry in responsible sourcing and sustainability practices, so that's very important to this

younger generation, and it's important to all of us at signet as well. liz: it's really something 2.5 million weddings predicted for next year. i'm hearing that venues are entirely booked. people can't even get into get married on a friday or saturday night they are getting calls from venues saying i think we've got something on wednesday at 7:00. that has to mean a lot for you guys of people who put off their weddings are suddenly trying to buy rings. >> right. well it's an exciting time, i think, you know from a bridal standpoint. one of the things that we've seen come out of covid that people are spending more money on fewer people, because they have been quarantining with them they are spending a lot of time with the people they love so they want to express that whether it's buying an engagement ring or buying a nice gift for your partner or your spouse for christmas, or for , you know, the holiday season, we've been seeing a rise in average transaction value, at signet we are also seeing a rise

in con version. i think that's really due to all of the new capabilities we've put in place. you can buy online pick-up in-store, you can pick-up curb side, we even have same day delivery from over 800 locations in the u.s. , almost like a doordash or uber eats, but for jewelry, so it's very easy for us to be able to serve our customers a lot of different ways. liz: oh, the world of diamonds has changed, doordashing your diamond, it's great to have you, good luck it's a crazy holiday season we wish you the best the stock up more than 200% year-to-date, and we'll be following it. thanks so much. >> thank you very much, happy holidays. liz: and you too. new back pedaling for peloton the connected fitness giant firing back after the sex and the city episode blunder where star character mr. big suffers death-by-peloton. the media world was calling it the worst product placement in the history of entertainment until peloton punched back last

night with this. >> ♪ >> to new beginnings. >> to new beginnings. you look great. >> i feel great. should we take another ride? life tosses too short not to. liz: he's alive, not dead. details on the parody ad whipped up by the exercise bike-maker straight ahead in today's pop stocks closing bell is coming right back, don't go away. as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately

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liz: fox business alert, motor trend, this is the bible for the auto world, shocks the gear heads again, this time, by bestowing truck of the year on a newbie. motor trend naming the all electric rivian r-1-t its 2022 truck of the year, gets the

award beating out pick-ups from the likes of ford, general motors, and hyundai. it's an all new model from rivian and it'll start being deliver to customers by the end of this year and kicks off with a launch edition that starts around $74,000. rivian is set to come out with its first quarterly result since going public this thursday, but the stock right now, pumping up about 4% on that news. by the way, this is the second shock eras we said because last month, motor trend named lucid eras its 2022 car of the year. lucid is also a new company, and will also join the nasdaq 100 index next monday, lucid better by 4% right now. and while tesla did not nab a golden caliper, ceo elon musk was named time magazine's person of the year. the publication said the spacex ceo is reshaping life on earth and possibly, life off earth as well. this year saw tesla become the

most valuable car maker in the world and musk's rocket company go to the edge of space with an all civilian crew. his tweets of course as time noted had the power to move stocks and cryptocurrencies. tesla shares down 4.7% right now harley-davidson the gains after its electric motorcycle subsidiary livewire announced a spac merger that will take that specific unit public. the deal has an enterprise value of about $1.77 billion, the company shares will be listed on the new york stock exchange under the ticker symbol lvw for now, hog, is climbing 5.6%. and peloton stock coming back to life. thanks to some advertising cpr. the at-home fitness equipment company released a new ad featuring mr. big from the sex and the city reboot. analysts said the portray all of the peloton bike in the and just like that episode of sex and the city's reboot which led to big's death after he finished

his peloton ride as if it were peloton's fault led to the shares falling 12% over just thursday and friday. the stock though, pumping higher by 5.7% after the peloton ad released sunday showed mr. big alive, cozying up to peloton instructor jeff king saying, shall we take another ride, life's too short not to, before zooming o utility to two peloton bikes in the background. boy did we talk about all of this in my morning market minton tiktok today don't miss my recap of all of the overnight headlines and stories that are really getting people to chatter every morning follow me on tiktok, at red fox liz. so, you know, lucid motors, coinbase, just some of the big names making 2021 the year of the ipo. angel investor and ceo of super human is up next on the record year that was and how

he sees the market for 2022 developing. where are the money flows for venture capitolists and what does that mean for you as an investor who can spot them ahead of it. closing bell ringing in 29 minutes we've got the nasdaq still flagging down about 1%, s&p down half a percent. ♪♪ ♪♪ ♪♪ hi, my name is cherrie. i'm 76 and i live on the oregon coast. my husband, sam, we've been married 53 years.

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liz: so much has happened this year, but for market watch ers 2021 has no doubt been the year of the ipo, with 388 public debuts and that's as of december 2, you're looking at a 75% increase from 2020 with all kinds of names, electric vehicles like as we said rivian and lucid, coinbase, roblox, krispy kreme, bumble, thredup, oatly, didi, you know all these names, right, 388. each and every one of these names on the screen needed

investors to grow and many of them got money from venture capitolists, in a fox business exclusive, here to give us the window inside what 2022 might be like for the venture capital industry , angel investor and superhuman founder and ceo raul joins us now. obviously 2021 is now the year-to-date, will 2022 be as rich as the numbers showed in 2021? >> i think so. we don't see any signs of it slowing down, so i think we'll continue to see major wins in the sectors that were originally accelerated by covid we're talking things like delivery, convenience, virtual events, video infrastructure and software as a service especially around collaboration and productivity, and that's not to mention cryptocurrencies and nft 's which despite a little bit of a pullback today continue to be near peak highs. liz: yeah, i would look at the ev's and think there's a long vapor trail into 2022 on that but also, the metaverse. do you foresee a lot of ipo's

coming from metaverse companies that maybe were still in their nice entertainment stages but are trying to speed up and capitalize upon all that's been happening in that area? >> gosh, if there's one trend that's happening in silicon valley, it is the metaverse, and this was actually happening before facebook decided to do their rename a lot of peers and friends out here who are figuring out how their companies fit into that new world, so it is the thing that everything is chasing after. it's the hot new thing. i do think that over the course of the next few years we're not going to see just more ipo's in the space, we're going to see a lot of m & a. i wouldn't be surprised if facebook and their peers get incredibly acquisitive around metaverse companies. liz: when we think about some of these metaverse companies you're the one who knows your elbow deep into this world of angel investing and venture capitalism do you worry that there tends to be sort of a land grab and people get frantic and a little greedy and they figure we've got to salt money in so many

different places to hope to find one single winner. does that become a problem in silicon valley? >> you know, i think a lot of people ask that folks always say are we in a bubble but technology companies and their markets are still growing faster than literally anybody thought possible, so while some started to fail you're right there the successes were more than makeup for it. i think the system is actually in balance. liz: okay, in balance until somebody starts to rush into one direction, because the herd is certainly something that is quite interesting. speaking of the herd, we've seen investors running toward cryptocurrency and today we do have, obviously, bitcoin really pulling back from its sort of recent highs. i think it's below 50,000 at the moment, but what kind of ipo's do you expect to see and more venture capital money going into the crypto verse? >> the biggest recent trend in crypto has been all around nft's and as an investor i like to think about it in terms of tools

and space. you can invest directly in nft's and i own two crypto myself along with a friend, but it's also just as interesting to invest in the companies that are helping people create nft's, and sell them, trade them, track their value overtime. there's going to be a whole new financial landscape around this new type of assets and that is where i think the biggest investment opportunities lie. liz: there's so many glittery companies that people are expecting to go public. stripe, of course which is the online payment company, tiktok, instacart, reddit, possibly etoro, databricks which would right be in with sort of the digital world and digital currency world but is there room for say for example, what you are into in some respects when it comes to superhuman? software as a service, the saas companies or your company that obviously is really fas it tat ing superhuman. you've got 70 million in funding from venture capital from ivp.

i know that and you of course are into that disruptive e-mail process and opportunity. tell me how you are growing and if you are comfortable where you stand right now with the number of users. >> we couldn't be happier, so we've had a really great year this year. one of the biggest changes that's happened is superhuman being adopted by businesses. so we're now at the point where we think that more than half of all of our seats are paid for or expensed directly to a company, so we're really excited to bring superhuman over the course of 2022 to the hundreds of millions of people who are on android, that are on outlook, and to start selling directly to corporations. it's going to be a big year. liz: it's going to be a big year what is the number one complement that you get from businesses who sign on to super human and i don't expect a lot of our viewers know exactly what you do for people's e-mail inboxes but it's pretty stunning >> yeah, in short, we save people a tremendous amount of

time. it's an e-mail client. you get your in box twice as fast as before and most of our users save more than three hours per week so to answer your question people come to me and they say oh, my gosh i didn't realize i was spending so much time in e-mail, now i'm doing it twice as fast and seen inbox for the first time in years at zero. liz: oh, my god that would not be me. i have 9,000 or so, i'm the worst. we wish you good luck, happy holidays, and thank you very much we'll be watching ipo world and venture capital world in 2022 come back again. thanks so much. all right, well some big banks like jefferies jefferies and cit i are putting the kabosh on holidays due to the omicron variant others we understand are still planning to celebrate as usual. charlie is going to break the news coming up, closing bell 18 minutes away on this monday, we're still down 196 for the dow jones industrials, but again, off the lows of the session for

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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: all right take a look at shares of dollar tree, and as we watched them, you've gotta understand, they're flat, which is really fascinating, considering this , after activist investment firm mantel ridge announced that it had plans to nominate 11 directors in an effort to throw the buns out, i'm just saying, you know, it's like we want to replace the entire dollar tree board that's what they said. the discounting chain had offer ed to add former ceo and chairman richard dryling to its

board but never heard back from mantel original the friday announcement. by the way, mantel ridge already owns a 5.7% stake and wants dollar tree to makeover its family dollar stores and improve its overall pricing strategy. last week we told you about how major wall street firms like jefferies and wells fargo were pulling back or altogether canceling their company holiday parties and entertaining clients due to omicron health concerns. they wanted to get ahead of the spread of the virus but according to charlie gasparino, some are not doing it, they are forging ahead charlie has the scoop. charlie: liz, i think citigroup is one of those as well. liz: it's a report from reuters. charlie: we have calls into them and they aren't denying it, they can call me up and deny it but here's the thing we should point out since the 2008 financial crisis there has not really been company-wide holiday parties at the big firms. they just thought it looked bad, they came under pressure from

the media, holding parties, while they were getting bailouts you know the saying so they haven't had company-wide parties usually when they do get together it's by department, and i think that's what we have here, we had certain firms, even by department saying no, it's the omicron, the thing is too much, you know, we got a spike in cases, let's hold off on it this year those were some of the firms but we found that three firms are having, are allowing departments to determine what's up, whether to do it or not. that's jpmorgan, morgan stanley, and goldman, so it's up to individual departments. obviously, they are urging caution in terms of social distancing but there's no blanket ban from what i understand at those three firms and i told you that would happen , and the reason why i said it would happen was twofold number one is that it's basically the core reason why

those firms are forcing in many ways, their employees to return to the office. if you say you've gotta come to the office it's really hard to say let's ban christmas parties because you're in the office so it only makes sense. again, this is just how two different parts of wall street are handling this. i mean listen. i know it sounds sort of, you know, we're covering whether a company does a christmas party but i think what we have to look at this is in a more broader context. companies are going to have to figure out how to operate in a post-pandemic or an endemic environment with covid as it remains here but maybe not as the pandemic that we seen in 2020. amid trying to figure out how to operate on this , you know, one of the things that they figure out is how do people get together, and it looks like there's two ways of doing it. there's the extremely cautious way of doing it which the citigroup, the well, the

jefferies, on one hand and then it's the other ones that are saying jamie dimon at jpmorgan, james gorman of morgan stanley, david solemon at goldman are saying listen this is something we have to deal with. we want people back in the office as best they can, try to get vaccinated but we'll have to work through this , this is something we have to work at to figure out the office environment going forward and that's what you're seeing here. it's an important story from that standpoint, because it says something about how office life will be in the future, and how different companies are dealing with it. tech firms a lot of them allowing people to work-from-home forever. there's no set date of when to come back, and you know, some wall street firms are divided on this. citigroup, you can work-from-home. ubs, you can work-from-home. jpmorgan, jamie wants you back in the office, goldman sachs kind of wants you back in the office and so does morgan stanley and it's sort of manifesting itself in this

holiday party disclosures and policies that are going forward, liz, back to you. liz: okay, charlie, thank you very much. we're watching it. it is a very very sort of constantly-developing story, as we know. because we have that one death in the united kingdom and again it's related to omicron but we'll be watching it thanks charlie. cancellation creep. the omicron variant, yeah, it's taking the wind out of the sales of some travel stocks, airlines, et cetera but our countdown closer says that makes some of these names a screaming buy, where he's making reservations for his portfolio, next.

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liz: breaking news. moments ago senate majority leader chuck schumer announced on the floor that a vote will

take place tomorrow on legislation to raise the federal government debt limit. it now stands at $28.9 trillion. the vote will avoid possible defaults on debt payments as soon as later this month. we've got about four minutes left before the closing bell rings. we've got red on the screen. the dow down 305 points. heading down closer to session lows. s&p down 38. low of the session, loss of 40. nasdaq down 195. contributing to the negativity airlines hotels, travel booking sites, altitude falling in the final minutes of trade. red on the screen for the airlines and if you flip it over we have turbulence there to the booking names, this is a wider fall with booking holdings down nearly 4%, expedia down 3%, trip advisor down 4% but our "countdown" closer has a travel name he says will propel your portfolio to the green. huntington private bank,

23 billion in assets under management. his name is dan griffith. what is the name, dan, why aren't you worried about this. >> liz, we're worried we'll not see enough of a bounce-back because of inflation. we added a lot of names like johnson & johnson, crown pillar and microsoft. we like american electric power, pioneer natural resources, b of a and hilton we're excited about now. liz: hilton has had a decent year, year-to-date picture for its stock. down 2 1/2%. don't you feel some leisure names are really tied into the headlines of omicron? but to that end when they're down you say buy? >> absolutely. yeah, we think that is the important piece. of course for a lot of folks who are interested in the essentials for this market and all markets we want to look at names we think have really good

fundamentals and long-term opportunities. we feel like hilton is one of those names. liz: federal reserve will announce one of the tapering latest and give us a window when we might see interest rates rise next year. what is the best bet? how closely are you watching wednesday? the news conference will be on this show so give our viewers what you expect to see? we think we'll see one raise next year for interest rates. it is something we frankly talk to clients about every day and have concerns about. the environment we're in and interest rates being a little bit different and off as they are is really material. for example the 10-year rate today is about 1.4%. when you add in effective inflation it is negative 5.43% that real yield is as low as it has been since 1953. we think that is something people are still beginning to experience on main street in their businesses. liz: well i get that but if the

fed starts to tighten because inflation needs somehow to be doused a little bit do you think the markets and investors are ready for that? >> i think it will be interesting to see. they want to see some sort of movement. it will be interesting to see ultimately how we respond to it, whether it is something that ends up being less transitory than we were hoping it was going to be, or whether it's a one-time reset in the market we'll see effects of for quite some time. liz: dan griffith of huntington, we'll be watching. dan likes hilton a day couple percentage points cheaper. we have to look at apple t was higher. was on track to hit a 3 trillion-dollar market cap. you can see from the intraday chart that will not happen. it has reversed. high of the session 192.09. it looks to close 175.

it could notwithstand the down movement, the headlines and wind sheer when it comes to omicron and of course inflation continuing. that of course will do it for us. the s&p closing at session lows. the dow down 324 points. just slightly above the lows of the session. look at nasdaq losing 222. [closing bell rings] that will finish it for "the claman countdown." we'll see you tomorrow but for now "kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so you got it, save america, kill the bill that prospect is looking better and better. you recall friday two fame changing numbers that may have well dealt the biden plan for big government socialism a one two death punch. first the 6.9% consumer price index showed inflation is not transitory and we sure don't need anymore government spending. second, the cbo gave a realistic scoring of the