tv The Claman Countdown FOX Business December 31, 2021 3:00pm-4:00pm EST
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risk-reward. that's had a terrible year. consumer discretionary as well. consumers, look, still more than $2 trillion of excess savings. that's got to get soaked up. ashley: all right. paul, we're going to have to leave it there. thank you, thank you so much. lots to chew on. we're going to have to move on. i want to wish everyone a very happy new year. charles payne, by the way, will be back on monday. we now go over to lauren simonetti who's in for liz claman. boy, hello again, lauren. lauren: hello again, ashley. and i have the last hour of the last day of trading of 2021. happy new year to you, ashley, and all of our viewers at fox business. it is already 2022 in dubai. the world's biggest tower ringing in the new year with a fireworks display like no other. and in 9 hours, we'll see the iconic ball drop in new york city, and america will begin to close the books on 2021.
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wall street celebrating 2021 in its own fashion, wrapping up this final day with markets just searching for direction. but we could be headed for more fireworks as all three major averages close out the year sharply higher. the nasdaq struggling today, it is down a quarter of 1%. but retailers, they rallied this year with consumers keeping their wallets wide open. the s&p 500 retail etf gaining 40%. you compare that to the s&p 500, it was up 27% this year. retailers did battle supply chain issues, inflation while hopping on the resell trend. and covid-19 cases hit record highs. a burp outcry sis in the health care -- burnout crisis hitting the medical sector. i'm lauren simonetti. liz claman has the day off.
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pop that channel pain, because the final hour of trade for the year starts right now. ♪ ♪ lauren: it looks like a quiet with finish to what was anything but a quiet year. let's take a look at the big three. the dow up 55 points, the s&p up 2, the nasdaq down by 33. if you're looking at the annual basis, for the second year in a row now awe all three major averages are higher. gerri willis is looking back at the biggest winners, losers and common themes. >> reporter: welk, lauren, happy new year. and you know 2021 the year of the reretail trader. crypto, meme stocks but also another year of big gains in the s&p 500, setting 70 record closes, more than double the pace of 2020. let's get to some of the highlights starting with energy
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which was the leading sector as oil climbed to 7-year highs from $50 a barrel at the beginning of the year to $75 now sparking analyst calls for moves to $100 next year. now, while energy was the best performing sector, the electric vehicle market also heated up with tesla breaking a market cap of $1 trillion, well, thanks to the leadership of ceo elon musk. although there were no real red sectors, utilities and consumer staples were the laggards of the year posting, get this, just 16 and 17% gains respectively. all right. let's take a look at the nasdaq 100's major losers, the stay at home stocks that were so hot at the beginning of the pandemic cooling off in a big way with peloton and zoom down 76 and 45% respect ily. the winners? vaccine maker moderna which doubled in value this year, lucent group and cybersecurity
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firm fortunate posting more than 100% gains. that's force net. lauren, it was a big year for sure, just fingers crossed that we can do it again. back to you. lauren: fingers crossed, gerri willis. have a wonderful new year, see you next year. let's go straight to the traders. john galiardi and larry sill silver joining us now, let's do the floor show. what's the catalyst, larry, for 2022? >> well, the catalyst is we're in a much stronger place than a year ago. the consumer's in much better footing. we've added 6 million jobs to the economy. i know there's still problems with that with the with the participation rate, but also we've gotten the news9 that the fed's going to taper and eventually raise rates, and the stock market doesn't seem to be spooked by all that. are we going to see four years of double-digit growth? i'm not is so sure. in fact, i think not.
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but we did see three in a row of almost 23% on average. lauren: yeah. so it's interesting that the biggest risk, i think you would agree, would be the fed and rising interest rates, but you're not saying that's really a risk. so, john, what do you think the biggest catalyst and risks are? >> well, the biggest catalysts have always been, i've been saying it for years now, demographics. it's the millennials. that's the largest upside potential. and they're just going to keep growing. by 2024 they will represent 75% of the work force: and as they're going into family formation, they're buying houses, they're buying stuff, they're buying cars, and all of those things are rallying. if you look at home builders, financials, they've been in rally mode. they're broken out to their all-time highs that they haven't seen since 2007, so they're all happening. lauren: larry, are you predicting a baby boom then in 2022?
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as millennial withs move out to the city -- out of the city to the suburbs? we might as well have kids. [laughter] >> yeah, at some point. but things are moving quickly, and we are seeing so many shifts like in real estate and stocks. cyclicals drove the rally this past year. and with all the fracturing and underemployment and inflation, i just don't see double-digit growth again. and so with that in mind, i'm getting a little bit more defensive in my portfolio given the changes that we've been seeing. lauren: yeah. before we go back to john, larry, just go through your portfolio a little bit, because you've definitely taken a defensive tone. i know you like united health, what are some of the other names? >> i like united health, i like procter & gamble and, actually, a defensive tech which would be, like, hewlett-packard. good grief, i know it's up 33% on the year, but the price to earnings ratio is 6 and yielding
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3%. so i'm a little bit concerned that people think that growth is going to continue double digits, and i don't think it will, and i'd rather be in stocks that at least are paying dividends. the return on equity is really high, and they can withstand, perhaps, some interest rate pressure if we should see that, you know, sometime during next year. lauren: you know, but the midterms, john, that could change anything, and it could certainly change the fed and how they look at interest rates and the end to quantitative easing. your thoughts on the potential of the midterm elections to muck things up in the new year. oh, that's how he feels about it, larry. i'll give you that question. >> yeah. midterms, historically they haven't been terrible for at least our assets, the u.s. dollar, etc., although there's always a first time. but what it does beget, often begets gridlock, and a lot of the market is counting on this build back better bill getting
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passed or some iteration thereof. and a lot of growth factors. so this is the first year in, i think, two or three that we're starting the year without any artificial stimulus. and so with the elections coming up, midterms, that spells gridlock and perhaps people get a little bit nervous about that. lauren: yeah. you know, and that's an excellent point. the market has been lifted the past two years by every form of stimulus that you can imagine which has created, in part, the inflationary environment that we're in. and now we don't have that as far as we know. we might get some new catalysts like build back better in the new year, but right now we don't have that, and and that does change the narrative. you know, you might also see, larry, this new generation of investors, typically younger, but people who are investing in cryptos and the meme stocks and, you know, they're doing the casino-like gambling on apps like robin hollywood. they haven't -- robinhood.
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they haven't experienced big processes -- losses. i mean, what if we don't get that in 2022? i wonder to how the retail traders, the inexperienced traders react to that. >> yeah. three years in a row not quite as good as the mid to end '90s which we had 26% yearly average. but, yeah, a lot of these newer investors have not seen a flat market let alone a market that really trends downward. and so we've all seen nothing but go up by anything rally, and that could change. it could change in a heartbeat without warning, it could also change for any reason or no reason at all. at this point it's more about the fear of missing out and seeing that stocks continue to go up so i better get in without any kind of game plan with regards to helping reverses. you know, i started trading in 1985, and so we're always going to have a period where things
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back pedal and regress, and it's going to be interesting to see how these new traders figure that out. lauren: you said fear of missing out, i thought fomo, and i'm trying to think of a new acronym for 2022. are you working any out in your held? [laughter] >> i'm working on -- lauren: keep us posted. [laughter] >> yeah. it's more about -- yeah. lauren: thank you very much, larry. do appreciate it. happy new year to you and your family. >> thank you. lawyer lauren coming up, airlines canceling hundreds of flights again today because workers are calling out sick which means many travelers will not make their new year's destinations on time. and the worker shortage, it doesn't -- the airlines. the company known as the uber for nurses, we're going to speak to the ceo next. but first, a check on the markets on this final hour of the final trading day of 2021. you have the dow up 46 points,
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the s&p trying to eke out a gain. if it's down today, it is the first time the s&p is down on the last day of the year since 2017. we're coming right back. ♪ ♪ 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. it's good medicine.
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♪ lauren: the u.s. will end 2021 shattering weekly average coronavirus cases with nearly 2.5 million infections reported this week alone for the paris time during the two- first time during the two-year pandemic. and as omicron appears less deadly, the hospitalization rate among children has reached its highest level to date. cdc reporting that the number of kids in the hospital with covid has increased 66% since december 23rd. that's worsening staffing shortages we're seeing at hospitals, and it's one reason the cdc shortened the quarantine period for health care workers infected with covid-19. ships med is an on-demand staffing service for nurses, and the ceo joins me now in an exclusive interview. todd, thanks for coming on. >> thanks for having me.
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lauren: what exactly is ships med? >> it's the number one mobile app for nurses looking to pick up shifts. our platform has 60,000 workers and was specifically built to address the current nursing shortage that we're in. lauren lauren if we need so many nurses, how do the nurses have time to pick up extra shifts? >> well, if you look at what's unique about our flat form that it -- platform is that it empowers the nurses to work when and where they want where historically it's been the hospitals and providers dictating to a worker. and we're trying to build the best work environment to encourage nurses to work as many shifts as possible. lauren: got it. got it, got it. i mean, i'd imagine they'd really want to because pay in the health care sector, it's through the roof right now. i know someone who's changed jobs and is making four times
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what he previously made. >> pay is one piece of the pie, but the most important thing from our survey research has come from really the flexibility of schedule is their number one request. as a nurse. so we're able to give them all of the environments in their area whether it be an acute hospital, nursing facility, assisted living and then also let them choose the schedule that they're interested in in addition to seeing what the rates are and optimizing their income. lauren: what about the vaccine mandates? because january 7th the supreme court will hear oral arguments if vaccine mandate is, in fact, constitutional as it affects health care facilities, hospitals that get money from the center for medicaid, medicare and medicaid services. >> regardless of what your politics are, it would be hard to argue that the vaccine man death didn't increase the number of -- mandate didn't increase
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the number of people who were vaccinated. we began tracking this in april where about 45% of our workers were vaccinated in april, and in our last survey we've had over 90% of the workers now vaccinated. so we feel that at the city level where a lot of those mandates already went into i peck in new york, chicago and philadelphia, we did see a spike and increase in the number of people who were vaccinated by our data. lauren: so your saying the vaccine mandate worked, and in your case it did, i mean, it doubled the numbers. but are you finding some nurses are saying, well, maybe you could move me physically to a hospital or a health care facility where i don't need to be vaccinated? >> well, in our current environment that option still exists. only about half of the hospitals that we work with have gone ahead and implemented the mandates, so there are still many options for unvaccinated
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workers as well. but the number of total unvaccinated workers in our set is below 10% at this point. so it's much -- many fewer than was previously documented in earlier months. lauren: todd, there is expected to be a shortage of doctors of as many as 124,000 by the year 2023.. -- 2034. can shiftmeds help with a potential doctor shortage as well? >> well, we've expanded it to many other categories of workers. we started with the front-line workers who were the most in demand, cnas are our primary worker type. we expanded to lpns, rns, so we believe that most workers over the next few years will use a mobile app to schedule their work environment. i think that the jury has voted on this, and it's a fact that health care professionals enenjoy using their phones to optimize their schedules, optimize their income. so i see no reason why doctors
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wouldn't also be a category of worker we could add in the coming year. lauren: and congratulations because your company just completed, what, another round of $45 million in funding? what are you going to use that money for? >> we did. we're expanding -- we're laser focused on two things right now. we're trying to double the number of workers that we're bringing in, so we're adding a thousand new nurses per week on our platform as well as going into one new city per week as well. so we'll be in over a hundred markets by this time next year. lauren: oh, wow. so you really do have a large footprint when it comes to what our nation's hospitals need. todd walruth, thank you so much for the time. >> thank you. lauren lauren all right. and the worst performer on the nasdaq 100 this year was peloton. i think you knew that. and adding insult to injury, a fresh analyst downgrade to end peloton's awful year. we're going to dig into that and look at the season's and the
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♪ lauren: another victim. the consumer electronics show will close a day early because of covid-19 concerns. the consumer technology association announcing today that, yes, ces has dropped the last day of its 2022 tech conference in las vegas, and the show will now end on january 7th. over the last two weeks, a number of big companies including bmw, google, t-mobile, amazon, microsoft and meta have dropped their physical presences at that conference. it is the largest tech conference in the world which typically pulls more than 10,000 each and every year, and
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"countdown" will be there with your host, liz claman. she returns. she's anchoring from vegas at ces next week. but first, we have today's pop stocks, and we've got to start with peloton. take a look, it's fallen behind on the last day of 2021. the stock is down some 3% following the downgrade from j jmp securities. call it an end of the year jab to solidify peloton's place as the worse performer on the nasdaq 100 for the year. shares are down from 36.04 -- should i remind you that in january they were at $170? ouch. well, expensive oil and gas this year leading to another successful quarter for exxonmobiling which says it will post a fourth consecutive quarterly profit. shares are higher by just under 1% as energy, it's the best performing sector of the year. it is up 47.5%. and shares of amd are in the
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spotlight today after advanced micro devices said it will delay its takeover until the first quarter of the new year as both chip companies work through regulatory hurdles and both stocks are lower by 1.5 of 1%. and for the second month in a row, apple has remained the top smartphone seller in china, edging out china-based vivo. that according to counterpoint research. apple's success largely driven by the popularity of the new iphone 13. shares of apple are down 48 cents, 177.72. so, yes, with half an hour left to the trading year, apple did not become a $3 trillion company. but, hey, it sure can in the new year. well, the flight-mare continues, get it? as the airline industry faces historic cancellations this week
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due to rising cases of covid and bad winter weatherer. and now new year's eve, well, it's going to continue this holiday travel mess. jeff flock's been at the airports this week. he's at philadelphia international airport right now. are people fed up, or are they just like, eh, just bring on more chaos because that was my past two years anyway? [laughter] >> reporter: excellent point. i think, you know, it may be that we've talked so much about this, people have been so prepared for it that they're not as shocked as they otherwise might be if, you know, all hell just went loose unexpectedly. it got worse today not just because of the additional flight delays and cancellations, but the faa also says it's having problems with personnel just like the airlines. take a look at what they just released today, statement says weather and heavy seasonal traffic likely to result in some travel delays in the coming days. like the rest of the u.s.
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population, an increased number of faa employees have tested positive for covid. to maintain safety in traffic volume at some facilities, there could be reduced traffic which might result in delays. yeah, well, it's already happening. look at the latest cancellation numbers. we are at 1473 as of this moment. delays, over 2500 delays. among the airlines, here are -- if you're on one of these, probably not good. sky west, 319 cancellations today. united, 215. jetblue, 145. and delta, 111 cancellations. i have searched high and low for some positive news to give you today, lauren, and in the person of a fella from the aaa, automobile club of america, they talk about all kinds of travel. he says he sees light at the end of the tunnel. listen. >> i think that travel will just soar once this virus is behind
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us because people have been cooped up for nearly two years, and they're ready to go. we'll see a boom not only in people traveling, but in the economy as well which will be a good thing for all of us. >> reporter: but in the meantime, i leave you with a statement from the folks at jetblue which today announced that they're canceling flights into january. folks at jetblue say we expect the number of covid cases in the northeast -- which is where most of their operations personnel are -- to continue to surge for the next week or two. this means there is the high likelihood of additional cancellations. and a happy new year to you for that, lauren. lauren: okay. i've got two things for you, jeff. number one, did you happen to meet that unlucky person who had their christmas flight and their new year's flight both canceled? did you meet any of those people? >> reporter: no, i didn't -- lauren: oh, good. >> reporter: but i did talk to
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my own daughter who got stranded in chicago trying to go back to poland because a flight delay made her miss her connection, and it cost her $800 more which maybe i'll help her out with, if she's good -- [laughter] lauren: all right -- [inaudible conversations] lauren: my other point was i think that so many people have had covid, everyone's going to be ready to travel n like, two weeks' time because we're going to feel invincible, right? [laughter] >> reporter: i have been flying every week since this pandemic started, and i've been trying to get covid the best way i can. i sometimes fail to wear a mask, i go to hospitals, flights, i can't catch it. i don't know what the problem is. maybe my immune system. lauren: let's talk offline because i have some things to say about that. happy new year, jeff. best of luck to your daughter, and give her the full $800, okay? >> reporter: i will. i was going to anyway.
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[laughter] lauren: i know you were. all right. what a year it was for retailers. supply chain challenges, pandemic uncertainty, we break it all down with our next guest. in the meantime, take a look, we're winding down. final couple of minutes of the trading day. the worst performer is the nasdaq. the s&p 500 is up by a whole point. it says i don't want to be down on the last day of the year. the dow up a firm 42. we'll be right back. ♪ ♪
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down for the consumer, but that strategy proved just too costly. so how high are prices going to go in the new year? h squared chief officer hitha herzog and brian dod both here. welcome -- brian dodd both here. 2021, brian, was an expensive year. i hear ikea is even raising prices after they did everything that they could do prevent that from happening. how high are prices going to go in the new year? >> well, you know, i think we continue to face headwinds from these supply chain issues that are leading to higher inflation. to your point, retailers have done an exceptional job in limiting the impact on consumers and looking for efficient ways to move these goods and get them to the store shelves or to serve online customers in the best way possible. we're going to do our best to keep these impacts limited. i think the good news is though when you look at the holiday numbers, we're seeing a really persistent strength among consumers who are themselves overcoming these headwinds and continuing to be bullish and
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spend well despite higher prices in some respects. lauren: yeah. but, brian, the question was how high are prices going to go? i mean, do you really think inflation is going to be the problem it was this year next year too? >> well, there's really two major issues for us to look at. so long as the pandemic is here -- and it certainly is here right now -- we're going to face a variety of challenges that are going to cause challenges within the supply chain. so you're going to have these wild demand cycles. in the short term, we're seeing issues with staffing which is creating greater pressure. so those issues need to be resolved, and they're not likely to be are resolved until the pandemic is over. but the bigger challenging is there are longer-term issues within the supply chain that need attention, and it's great that we're seeing a lot of attention being paid to the supply chain right now, but i also hope they focus on these bigger issues that really plague the supply chain. things like underinvestment in port infrastructure, labor
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negotiations at ports, things of that sort, a lack of consistent accountability and metrics across the supply chain. those are big issues that really put pressure on retailers and, ultimately, the consumer in the higher prices long term. lauren: yeah. i'm reading between the lines, i think you think it's going to get a lot worse. what do you think, hitha? >> i mean, it comes back down to a basic economic theory which is you have less supply and more demand, and those prices are going to go up. so if we continue to see the glut in supply chain, of course we're going to see those prices increase. now, retailers have worked very hard not to pass on that increase in price to their customers, and i think one that way that retailers are doing it, especially the small businesses, are trying to just really consolidate and have an omnipresence throughout the way that they sell. so data catalyst institute came out with a study, it said that 68% of small businesses have a
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web presence, and that is one way either on shopify or, you know, an etsy store. so that's one way that retailers are going to be able to reduce overhead costs to try to move that merchandise and sell it to the consumers at a lower cost. lauren: so does that mean even fewer brick and mortars last year? actually, there's two market praises that -- marketplaces that i shop at that are instagram only. they don't have a web site. >> we're going to see a lot more of that, especially with small businesses. so, yeah, i'm same way. i get marketed too all the time on instagram, and so many of my clothes come from instagram sellers, and we're seeing the rise of that mostly because it is just so expensive to have an offline presence. with that said, 79% of stores and retailers and small businesses for that matter have that brick and mortar presence,
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so i don't think it's going away just yet. but i think we are going to see a certain shift over to social media and web sites, more so. lauren: sad but true. brian, i think one of the reasons to have the brick and mortar is to do the online return at real store. is that true? and also, brian, what trends do you see in the new year? >> well, i think, you know, first, you're seeing a trend toward retailers moving to an omni-channel footprint which is to serve customers whichever way they wish to stop, whether that's in stores or online. i think you're also seeing retailers use stores in new, creative ways. yes, for returns but also for fulfill ifment. so when you expect to get that itemhat you purchased online delivered to your home quickly, in many cases that's because it's being delivered from a store as opposed to a distribution center. so if a business wants to reach scale, they're to going to need a digital footprint.
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and i think that's really where we're going to go. in terms of additional trends for 2022,ing look for more personalization. retailers understand that they're in a hypercompetitive marketplace, and they're trying to win business any way they can, and they want to make sure they're tailoring the advertising, the sales, benefits and products themselves to local, individual customers. that's going to become even greater in 2022. lauren: retale tailers are -- retailers are so flexible. everything that hits them, every challenge, they just bounce back again. most of them, at least. what trends do you see in the new year, hitha? >> yeah. one major trend i'm certainly seeing is gifting all year around. i was talking to someone who was saying gifting isn't just going to be about the holiday season in 2022, it's going to be year round especially people going out and starting to see their
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friends and family again. you know, hopefully we'll get over this variant and, you know, to your point, maybe feel like we all have superpowers and is we want to go out and fly more. so those are going to be things that i'm looking at, just gifting all year round, personalization of gifts and also these promotions. i don't think we're going to see such a block of promotions during black friday or during these, you know, typical promotional holidays. i think we're going to start seeing that all year round. i think we're going to also see the promotions for black friday happen a lot earlier this year, if you can believe it. and by this year, i mean 2022. i'm already ahead. i'm done with 2021. [laughter] lauren: yeah. and she's clearly not cheap, brian, because she's giving gifts every day of the year. [laughter] thank you to both of you for your time and insight on the retail sector. 2022, the year we pay full price. brian, hitha, enjoy. happy new year. >> happy new year.
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lauren lauren preparations underway at the crossroads of the world, new york city, for tonight's iconic ball drop at midnight. but that bottle of bubbly, yeah, that's going to cost you more next year too because prices for everything are fizzling over. how are the or averages doing? the dow jones is up 35 points. what a gain on the year as well. "claman countdown" coming right back. ♪ ♪
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hold scale-down celebrations but not in australia. sydney's annual fireworks show went on as planned. welcome, 2022. and with usually the biggest new year new year's eve party of them all, times square, yeah, those were cut down for the second year in a row. the glittering crystal ball will drop, so instead of the huge throngs, the crowd is 15,000 people wearing masks and, yes, fully vaccinated, will cheer on tonight's festivities. i wonder when the ball drops if you can kiss somebody with the mask on. that would be interesting. maybe grady knows the answer. channel pawn sales are popping this new year's eve, but next year it may get harder and more expensive to get your hands on your favorite bottle of bubbly. grady trimble is here, he's at pops for champagne in chicago to tell us how much more it's going to get. maybe you can answer my mask and
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kissing question first. [laughter] >> reporter: i don't know about that. i guess we'll all have a chance to find out tonight -- [laughter] and prices are not looking good for champagne, up 34% almost this year. and the bottlenecks are expected to continue next year. here at pops for champagne though, they are stocked up and ready to go for tonight's new year's eve bash. they've seen this coming, and so they've prepared. craig grab low is the owner. -- georgia rap low is the opener here. >> it's been a lot more difficult to get, stuck in the normal covid supply chain backlog. >> reporter: it used to be abnormal, now you're calling it normal. i mentioned that 34% price increase. that's for bottles. what about you here? have you had to pass that on to customers in. >> no, we haven't had to pass increases on quite yet. our increases are a little less dramatic than that, so something we're just taking care of. >> reporter: and what's the
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future look like? for a while, we thought the supply chain issues would resolve themselves. they still haven't, and you're expecting some issues going forward, right? >> yeah. we're expecting the next few months could be a little difficult with certain wines, but we've got a lot of great relationship ares, we focus on a lot of the smaller producers, so our supply will be in stock. >> reporter: and it's a good time to try something new if the brand you normally turn to isn't available. >> oh, yes. check out sparkling wines. champagne is fully stocked in a lot of places. >> reporter: and you've got enough of it here that you poured us a couple of glasses. lauren, this is my last report of the day, so i can do this. cheers and happy new year. of. lauren: hey, grady, consensus in our control room is -- and i concur -- you look very dapper this evening. [laughter] i hope you have -- >> reporter: thank you. lauren: -- some nice new year's plans. thanks for everything this year, grady. good to work with you. all right. we've got minutes to go before the last trading day of the
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year. i feel like everyone wants to get it over with. it was a good year, a greet yeae markets. speaking of bitcoin, it was a record year. we're going to take a look at that and the top movers of 2021. all right, look at the dow. we were higher but now it looks like we're going to be finish in the red. nine minutes when the market does close. dow's down 40 points. "claman countdown" 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.
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♪♪ when you start with care, you get a different kind of bank. truist. born to care. my name is douglas. i'm a writer/director and i'm still working. in the kind of work that i do, you are surrounded by people who are all younger than you. i had to get help somewhere along the line to stay competitive. i discovered prevagen. i started taking it and after a period of time, my memory improved. it was a game-changer for me. prevagen. healthier brain. better life.
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but for the year, all three major averages are up for the third year in a row. same for the dow transports as well as the russell 2000 with the transports having their best year since 2013. it's also the banks and health care best year since 2013. let's show you some of the biggest winners and losers of the year. devon energy, marathon oil, they're topping the s&p 500. no surprise there because energy is the best performing sector. but look at these names. they're all up at least 14 4 -- 142% on the year. the gambling sector took a hit. penn national gaming, las vegas sands two of the biggest losers on the s&p 500, as you can see. home depot is at the top of the dow as the home renovation frenzy continued this year. home depot, joined by microsoft as well as goldman sachs, and we look at those dow stocks, wow. it really was a good 2021.
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disney, however, verizon as well as boeing, they were the biggest drags on the dow this year but only two of them negative on the year. boeing down 38%. and then there's bitcoin. it hit an all-time high of around $69,000 last month, now changing hands at around 45,000. but it's still up more than 60% on the year, and we'll take it. one of our "countdown" closers is bullish on crypto. let's bring him in, todd horowitz, and we also have international assets advisory ed. todd, ed, this is pivotal. we're closing out which was a terrible year for many but a great year for investors and, todd, you're liking crypto in the new year as well. why is that? >> hi, lauren, how you doing? listen. i think crypto is the next big thing to come to markets, you know? it's really the currency of the libertarian. you're going to have much more of a digital currency from government, and i think people
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are tired of the manipulation of currency. the fiat currency system itself is broken because all the central banks really do is figure out ways how to devalue those currencies. and we've now seen crypto grow from under a $1 trillion market crap to now over $3 trillion. -- cap. so i think that the crypto space is real. i think it's here to stay, and i think you're going to see it continue to grow at a pretty steady pace. lauren: yeah. it's definitely more legitimized this year. you also have silver on this list. silver didn't have a good year this year, todd, so do you think it comes back? >> silver and gold had horrible years, and they were both down on the year. i think that the very tight ranges that they've been in will allow silver to have a much bigger movement. a stock at $10 is a great play for someone to make for a very huge return because i do think that if, you know, depending what happens with interest rates, i think they're going to
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have to go higher because they're not going to go back to shale and fracking, so i think you're going to see the metal sector drive higher, and i think silver will be the big winner next year. lauren: ed, i've got to bring you in here. interest rates affect the housing market, but you have some home builders you like for 2022. >> we yes -- yes, lauren. we still think people are going to continue to relocate, move out of high-tax areas, and that trend is going to continue. as a result, we like the affordable home builders that are very large, people like hovnanian and kb and lennar. and even though interest rates will continue to go higher at some point, we don't know when -- of course, sounds like we've been saying that for 10-plus years now, interest rates are going to go higher, interest rates are going to go higher. we think the trend is still going to continue. lauren: ed, can you give me 7 seconds on amazon and why you
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like it for the new year? >> i think, again, with the uncertainty with omicron and covid, people are goingo continue to buy remotely. amazon, certainly, can do that. and, of course, they're one of the big providers of home entertainment. lauren: ed, thank you. todd, don't think i didn't notice the tuxedo, i did. [laughter] we're out of time. markets wrapping up the year -- ♪ >> hello, everyone, and welcome to "kudlow." i'm sean duffy in for larry kudlow. happy new year, everyone. pride ifen's first year in office was filled with broken promises on beating the pandemic, the crisis at our southern border, the disastrous afghanistan withdrawal or even basic facts about the economy. the white house has built up an impressive track record of misinformation and even outright deception. so why are biden and
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