shoes with that suit. charles: my man gary b., he wears a suit everywhere. those are his pajamas. [laughter] >> you don't want to see the bottom! [laughter] charles: have a great weekend, guys. really appreciate it. want to bring in lauren simonetti who's filling in for liz claman. i'm buckled up for this last hour of trading. lauren: i know! happy friday, charles. hopefully it's a long one. markets taking a trialed if fall after the -- friday fall after the fourth quarter earnings season began with a thud. investors completely unimpressed by the big banks and december retail sales, what a disappointment. the dow, the s&p 500 and the nasdaq all moving to the downside at this hour. stocks tumbling for the second week in a row. if your looking at the -- you're looking at the nasdaq, make it three weeks in a row. and president biden wrapping up a pretty rough week too. he's hoping to change the

subject today focusing on repairing the nation's bridges. we're going to tell you all about the bridge formula program with a report life from the if white house. and how's your new year's resolution to work out more coming along in the middle of the omicron outbreak? we're going to ask the ceo of f-45 training if americans have begun their new year's workouts or if the pandemic is still keeping them home on the couch. i think we know the answer to that question. all right. let's take a look again at the markets on this final day of the week ahead of a long weekend, and you can see they are firmly in the red. nasdaq is trying to go positive but not happening right now. it's down 6 points. weak bank earnings, weak retail sales, low factory output, the second worst university of michigan sentiment in a decade. and let's take a look at how that's showing up on the dow jones industrial average. the banks, the worst performers. jpmorgan, american express and

goldman sachs all sharply lower. as we just noted, the dow and the s&p on track for their second down week many a row, but the nasdaq is on pace for three down weeks in a row. and if you look inside the nasdaq, so many stocks in correction territory. then you had early holiday shopping, it hammered holiday retail sales which surprisingly fell 3.9% -- 1.9% in december, the largest decline in 10 months. if you look on the year, however, retail sales did increase by 16.9%. if you look underneath that report, online retailers -- everybody shops online these days. guess what? in december they fell 8.7% from november. if you look at department store spending, it dropped 7%. clothing, over 3%. even sales at restaurants and bars, and let's face it, you cook less in december because, you know, you've got to cook so much for the holidays. even that fell by less than 1%. but, yes, omicron cases did keep people home. take a look at the retailers,

underperforming on all in news. those include the mall stocks and some of the online sellers. really a pretty ugly day. we're going to go with the floo. phil flynn and tom hayes. phil, i want to start with you, i don't mean to be a debbie by downer, except oil -- debbie downer, except oil but that's not really a bright spot. >> you're absolutely right. you're, right, lauren, we used to think the economy's going up, that's a great thing, but not so much lately. you're absolutely right because if you look at what's going on with oil, it's really a bunch of mistakes that have led us to point. the u.s. is underinvested in energy, the world is underinvested in energy, and not only does that impact prices, it impacts geopolitics. i think what you're seeing right now in this late surge in the day of oil touching $84 a barrel for a short period of time is concerns about what's going on between russia and the ukraine. oil prices really soar when

there was a report that the biden administration was warning that russia could issue a false flag situation as a pretext of starting a war in the ukraine, and that's got oil traders -- you know, russia's a major producer, you know? over 11 million barrels of oil and products a day, natural gas. and the sad part about this is that europe is really dependent on russia for their fuel, you know, whether it be natural gas or oil. and if there's, some type of a war or some type of a situation, europe is going to be hard pressed to react because russia, they don't like what they do, could cut off their supply. so it's a really dangerous situation, and traders are going to be nervous. lauren: well, you mangle -- managed to do it, phil, find another negative spot. [laughter] and i'll add the libya situation as well. tom, come in here. you know, we always talk about this rotation in the market, but

today you have growth and value both down and underperforming. what do you make of that? >> yeah. well, you're seeing a bifurcation of the market. certainly, the oil stocks are up today, and it is a stock picker's market because you look at wells fargo, they're increasing loan demand. that's what people want to see, and wells fargo is green despite the other financials being red. so i think this negative number on retail sales is temporary. there were three factors. first off was omicron in december. second off were the inflation numbers. you know, demand went to goods versus services during the pandemic as only p caron dies down, money's going to go back to services, in particular travel and leisure is a group that we like. and that's what we've been focused on. and one of the groups that we really focus on, las vegas sands, wynn resorts and melco crown. these are casinos we've been building up positions for the last couple of months. today they got the licensing

approval in macau, their up 10% -- they're up 10%, but we think those have a long way to run. still down 37% from their 52-week highs, so we see an opportunity there. and we think this short-term retail sales decline is temporary. the consumer's in very good shape, strong balance sheet, low debt servicing ratios and jobs are abundant here moving forward. lauren: i want to challenge that point, and i'm going to give this one to you, phil. you look at sherwin williams, they lowered guidance because they're looking at the supply chain. they're selling paint that costs $125 a gallon. $125 a gallon for premium paint, are you kidding me? is that a price that consumers are just going to balk out and say enough is enough and that we kind of hit our pain threshold, if you will, when it comes to this inflationary environment and the high price of products even though we have strong consumer balance sheets? >> yeah. i mean, when you talk about paint, you're absolutely right,

you know? [laughter] people are -- i think they're going to leave their walls blank. [laughter] it's weird because you have this building boom that's been going on, and they're building stuff like crazy. so, listen, inflation, there's no doubt about it. listen, i think tom's exactly right, you know? vegas, i agree, i think we should go to macau to test that out and make sure that it works. [laughter] at the end of the day, listen, inflation's going to play a big part in these retail -- and, yes, consumers' balance sheets are as strong as they've been, but that can change. when you start paying, you know, as much money for a gallon of paint as you do for, you know, a gallon of wine -- [laughter] you know, it's -- gasoline, i mean, you're kidding? it's up 50% from a year ago? and the sad part is we don't see that slowing down. so inflation is still a bigtime problem, and that's going to cut into those consumers at some point. lauren: yeah. and, tom, you know, we're seeing

these huge intraday moves day after day. i know the year is still young, but the volatility is certainly there. maybe investors are just trying to figure it out? i guess the bottom line is they typically buy the dip, but we're not seeing the fear gauge really spike. can you kind of explain that? are we just trying to find our footing? what's going on? >> i think that's exactly it. i think, lauren, every day you're seeing a new fed speaker give conflicting messages, and the market doesn't know what to do. yesterday a fed speaker came out and said three rate hikes and, no, we have to wait for the fed funds rate to hit 1% before we start quantitative tightening. that is completely different from what we saw in the fed minutes when everyone got nervous last week that they would start quantitative tightening in line with raising rates, potentially as early as march. so basically, we're just getting too many mixed messages, and that's why you're seeing this move to growth, move to tech, move to value, and it's back and forth every day. but the key thing is if you

focus on good quality companies that have earnings growth, of that have consistency, that's where you're going to move ahead. and you want to look at some of the groups that have been a little out of favor, that's why we do like travel and leisure, casinos. we see the omicron cases rolled over in south africa and now in the u.k. people are going to want to get out and about. that's going to alleviate some of the pleasure on -- pressure on the supply chain. the fed just needs to get clear on its message so the market can take off. lauren: i can't seem to feel like a vegas trip in your future, tom. phil flynn, tom hayes, thanks for the time, gentlemen. breaking news right now, president biden updating the nation on his administration's work since the trillion dollar bipartisan infrastructure bill was signed 60 days ago. the president focusing on retearing -- repairing the nation's bridges and launching what he's calling the bridge formula program. with that we have edward

lawrence live at the white house with the details. a little bit of a distraction, if you will, right? many. [laughter] >> reporter: exactly. distraction with the bridges. not building bridges in congress or with the american people, it seems, but apparently we're going to build and fix bridges here in the u.s. the department of transportation is rolling out that bridge program. that's the first part today of the bipartisan infrastructure bill. now, the president acknowledging in that that he has not gotten everything he wanted done, but this is one thing the administering did get done. the program calls for spending $26.5 billion on bridges over the next five years. $5.3 billion will be available this fiscal year. now, there's some 43,000 bridges in the country in poor condition. this money will help about 15,000 of those. so, obviously, this will help boost the construction industry for years to come. now, this money will be spread out over all 50 states including washington, d.c. and puerto rico going forward. but the president has a message that is not just for those

interstate privileges, it's also for the smaller bridges that we go over. listen to this. >> this investment -- with this investment, we're sending a message to those communities and to the people who call them home, you matter. we're building back and building back better with you. we're making sure you're not left behind or left out. >> reporter: the federal government picking up 100% of the cost. states and local governments do not need to pitch in. so the bridge spending starts right now. the transportation department also spending on ports, specifically $8 million being spent right now on the port of savannah to buy five sites to store shipping containers and free p space. -- free up space. a lot offal federal money going out for infrastructure projects over the next 5-10 years. back to you, lauren. lauren lauren edward lawrence, thank you. all right, gyms and fitness centers still breaking a sweat over coronavirus safety rules. the ceo of f45 training is here.

does he see the light at the end of the pandemic tunnel? i sure hope so. do we see a light at the end of wall street today? no. dow's down about 1%, 335 points in the red. s&p 500 is lower, nasdaq basically hugging break even. anything can happen in these final few minutes of trading. "claman countdown" is coming right back. ♪ ♪

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♪ lauren: i've got some breaking news. i don't think you're going to like it unless you're a netflix investor. guess what? they're increasing prices on those monthly subscription plans in the u.s. and canada. that according to an exclusive report coming from reuterss. so the standard plan reportedly jumping by $1.50 to $15.49 from $13.99, and that's the plan that gives you two simultaneous streams. the price increases go into effect now, immediately. it's netflix's first price increase since way back in october of 2020. investors clearly like it, the stock up $13 at 532.92 a share. from sitting on the couch binging netflix to hitting the gym, did omicron happen to kill

your new year's resolution? i never make them because i always break them, but i feel like most people say i'm going to workout, i'm going to be healthy, i'm going to lose weight. now we see the surge in omicron, and that is posing a real challenge for americans who are looking to hit the gym for this month in what is usually the busiest time for the gym memberships. people are just deciding to stay home. here's some data to back that up. an analytics firm finds that foot traffic fell 12% in gyms, in-person gym use for the final week of 2021, but there's one gym operator that says business is actually booming. f45 chairman and ceo, adam gilchrist. congratulations you're getting people into your workout center. can you tell us what exactly is f45? >> yeah. it's aha 45-minute full-body workout.

we employ -- [inaudible] with high intensity training. and really we're built on three pillars, motivation, innovation and results. and the key for us is about our members just coming in and having some fun and enjoying, you know -- [inaudible] really having that community-based relationship with us. you know, we believe it's a critical part to not just our success, but all our members that come and join and looking for a place outside their home or work just to enjoy themselves. lauren: yeah. i think a lot of people would agree they're kind of craving that interaction or competition, if you will. sometimes you work out harder if you're working out with someone else because you're competing with them or showing off. depends on how you look at it. it's got to be a risky time for some of your franchises to open up right now, no? >> well, quite the contrary.

we have record numbs of f -- numbers of f45 studios opening. we had over 100 last quarter which is an industry record. we look forward to opening over 1,000 this year. and as we sit here today, last quarter we had more visitation per member than any other quarter over the last nine years of our business. so typically tracked at 2.7 times per week, and now we're up to 3 time per week. so we're really excited about seeing members get back into the groove. we obviously believe the strength of our business, have assisted all our franchisees to continue to gather momentum. 25% of the industry is going to remain closed. that's really disappointing. however, it enables us to look at a lot of opportunities, you

know, to consider new sites and to continue to expand our network globally. lauren: i'm assuming your competitors are orange theory, soul cycle, would you agree? or is it something else? >> yeah. they're great competitors, and we're very fortunate to be based in 70 countries in comparison to some of our peers like sowing cycle and orange -- soul cycle and orange theory that are only operating in a handful. we believe that, you know, competition is fantastic, and we obviously relish the opportunity to wake up every day and to deliver the world's best workout to our members. we have a major focus and a mandate to -- [inaudible] with our athletics department which has over 20 incredible athletic directors choreographing our workout to deliver to our members every day, our technology-enabled f45

platform. lauren: you're in 43 states, so you're pretty widespread across the nation. do members have to wear masks? >> yeah, depending on the state. for example, in california, yes. florida, no. but you've got to consider the fact that we're in 70 cubs, and -- countries, and, you know, we're not here to judge any government decision. we hope that it's based on the best science that's available. and, look, the challenge working out in a mask, it is awkward. and i think -- lauren: yeah. [laughter] >> i don't think anyone will dispute that. however, we're seeing people turning up. and although that's a challenge, to turn up and be in an awkward, you know, mask environment, we're seeing people in california coming back with higher visitation than pre-pandemic which, for us, is really amazing. lauren: yeah. you know, i've worked out in a mask. it is uncomfortable, but it -- i

don't work out at home, i'm just one of those people, i can't do it. so, you know, if that's what it takes for me to work out, i'll wear a mask if i have to, i suppose. adam, are you from australia? >> yeah. i was -- i've been based in the u.s. now for five years, but i grew up in sydney which was a great city and very fortunate to have a great team around me, a a lot of sydney folks in our c suite. based out of boston at the moment. lauren: all right. adam gilchrist, congratulations to you and best of luck, sir. >> thanks so much for having me on the show. lauren: of course. all right, coming up, long lines not the only problems with covid testing. now there's reports of fake testing sites popping up, and gr trimble has that story live in chicago for us in just moments from now. but first, a check on the big board. dow down 250 points. it's down 3.3% this week -- 1.3%

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♪ lauren: we have a fox business alert are. apple gets a new price target. going to 210 from $180 a share on upside for the iphone. bloomberg is reporting that apple may delay its mixed reality headset til 2023 as apple is reportly facing some hardware development challenges. stock's up a quarter of 1%. kind of rare downgrade for disney today at guggenheim, cutting the stock to neutral and slicing the price target to $165, way down from 295. the firm cited concerns over profit growth and disney's direct to consumer business, also its theme parks.

disney's stock down 2.5% at 151. take a look at the casinos, cha-ching. firmly in the green today. the number of operators in the world's biggest gambling hub of macau. that removes the uncertainty surrounding the number of casinos there and likely solidifies the main players. the licenses for las vegas sands and wynn, they were due to expire this year, and they are expected to reapply. look at that, 60% gain for milco today. it's not all good news. peloton cycling downhill to the bottom of the nasdaq on news it is leaving the nasdaq 100, replaced by the trucking company old dominion freight line. that happening january 24th. peloton's stock is down today, but it's down 80% in the past year. well, the white house just moments ago announcing that americans will be able to order

free at-home, rapid covid is the tests online starting wednesday. the new web site, covidtests.gov. it will help americans gain access to the 500 million tests that the administration ordered last month. until then you're likely scrambling for access to quick and reliable results during this national shortage. and, quite honestly a state of panic for a lot of people. but now state and local authorities are warning -- because you don't have enough to worry about -- fraudulent pop-up sites trying to scam people out of money and personal information. for that, grady trimble joins us from chicago. grady, what's going on? >> reporter: lauren, several government agencies are warning about this right now, scammers preying on people who are so desperate for a test. and they're doing that in order to get personal if information like insurance info or identifiable information. these pop-up sites in many cases are unlicensed and unregulated

by states. one company where we are, the center for covid control is what they're called, it operates more than 300 sites across the country, but it also has an f rating from the better business bureau and is under investigation in several statements including here in illinois -- states including here in illinois. the bbb received complaints from people who said they didn't receive test results at all, that customer service was unavailable or unreliable when they were trying to get ahold of them and that locations are asking for that id info. the company blames its problems on rapid and high demand for testing. it says it'll shut down for the next week to try to sort out its issues. here's the company's statement. we've made this difficult decision to temporarily pause all operations until we are confident that all collection sites are meeting our high standards for quality. the illinois attorney general is one of the agencies that has put out some questions you can ask if you're looking to get tested at one of these pop-up sites to

try to vet them and make sure that they're legit. who analyzes the results, is one of them, when will you receive the results, what type of personal info where they ask for and are there any out of pocket fees or charges that you might have to contend with. but, lauren, they say the best thing to do, the safest thing to do is go to a state-run or city-run testing site. of course, those can have incredibly long lines as well. hopefully, when those tests get shipped out to americans all aprocess the country, that will help -- across the country, that will help improve the situation. lauren: right now it's a mess. grady trimbleing thank you. have a good weekend. well, america's biggest banks kicking off earnings season today. one of the top banking analysts in the nation here to tell us what to expect. take a look at the nasdaq. it is in the green, down for the week but higher today by 60 points. s&p down about a tenth of 1%.

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tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. ♪ lauren: the only stock in the green right mow is wells fargo, and it's up 3.25%. jpmorgan did beat estimates even though profit fell, $3.33 a share on earnings, revenue, 30.35 billion. flip it to wells fargo, another beat, $1.38, revenue of 20.86 billion. and citigroup cashing in at $1.46 per share with revenue of just over $17 billion. but as we just noted, you have sharp declines in some of the banks today and one of the rare bright spots in the industry for a sector that's been leading the market in a big way in this young year is wells fargo.

it's at 57.82. let's break this down with marty moseby. marty, why the negative reaction, for the most part, on the street? >> well, what we're seeing is despite the uptick, so if you take jpmorgan's numbers, in 2020 they only earned $9 because they had to provide all that for the loan losses they potentially can have. then they're releasing those loan loss reserves, so their earnings went up to $15. that's been the catalyst for the increase in stock prices. now we're looking at that's going to roll off. you look into next year, and the outlook is for about $12. so if we don't have that provision benefit anymore, what are the core earnings doing? the core earnings have gown -- gone down every year since 2020, and that's because of the compression we're seeing across the city. they're starting to look at a year when earnings are going to be down on a reported basis, and

they're going to say what about take that release valve, i uh-oh, things are also going down. so that's why you're starting to see some tailing off on the recent upticks in some of these stock prices. lauren: can we add inflation in there? jpmorgan said, yep, we're going to spend $26 billion more year. technology and talent, compensation. there's a major war for talent right now. and this hurts the bottom line of some companies. >> yeah. so the two things that jpmorgan highlighted was net interest income which was weakener than the market expected for 2022. the other thing was higher expenses. and they're actually more of a negative than the net if interest income. also, why is wells fargo up today? their expenses are coming down. they're this turn-around story where they had to spend a lot of money on reputational and regulatory issues they've had. that's starting to lessen, so

their getting that benefit. that's why this -- they're getting that benefit. that's what's differentiating these two stocks today. one benefiting frommen inflation, the other having some natural offset. lauren: and you do recommend wells fargo, but you also like northern trust as well as goldman sachs. is that a play on investment banking staying strong? >> it is. and goldman's focused not just on flow in the market, but they're also looking at really transactional. and i think when we have this kind of stable economy, you have some shifts in what's going on in the operating environment, strategic decisions start to get made. and that's what we're beginning to think is going to start to happen. they'll have a pipeline of these things to participate in, and also goldman's consumer bank that they've been building is well positioned to do well in this i'm of interest rate environment. so i think those two elements already different for goldman than some of the other banks. lauren: talk to me about the consumer banking side of

citigroup. that's where the background is. >> well, what you're getting is on the consumer side you'll have, like, credit card like where we're talking about even goldman consumer side of their bank, those yields are sticky. so they stay higher. you're getting to fund them at very low rates as interest rates are staying at this level, and what you're getting is the flush liquidity that's in all these, you know, households' pockets is keeping the credit costs low. so consumer banking is something that will be a shining star until rates start to go up. it actually gets hurt when rates go up versus the rest of the banks, the commercial side, that benefit as rates go up. lauren: so, you know, if you were to bottom line the banking story, as we've seen it thus far and perhaps what you can expect next week when we hear from some of the other big players, what would that be? >> so it's -- you kind of have to tell this tale.

forever you looked at bank trading, you basically sell when you go into recession, you buy back in recovery, and you hold through the expansion. and the rise in interest rates. this is not a traditional cycle. we didn't have the credit problems, so we don't get the recoveries. interest rates are going to go up precipitously slower than we've seen in the past. there's not as much low growth, and there's this human amount of liquidity that's out in the system. so this will be very different in the sense of the recovery, expansion kind of trade. and the banks have gotten ahead of themselves. that's really the bottom line. you can't go and look at the past trading and once you look at investing and banks and this period of the cycle and think it's going to play out the same as it is in the past. there's some different catalysts that will make it act different arely. lauren: is the next catalyst then hiking interest rates? jamie dimon said, what, six times this year? is that the next catalyst for the financials, and if so, is that a positive?

>> so this is, even the double-edged sword in this is, yes, if we were to get 4-6, if you get 4- 6 rate hikes and the back end of the curve goes up maybe 100, 150 basis points, then that would be fine. that would be the goldilocks event. that's how banks perform well in 2020 is if you get that particular scenario. if rates stay flat, that won't work out. if rates go up more than that, you actually start to see pain in these balance sheets because funding costs will start to accelerate, and you've locked in all these assets at these very low levels. so you can't stay crow low, you can't go too high, and that's why there's a narrow path for these banks in 2022. lauren: marty moseby, i think you're good luck for the markets because not only is the nasdaq higher, you have the s&p 500 in the green now as well. so rising rates could be a main problem for robinhood. up next, charlie gasparino digging into the trading app --

thanks, marty -- that the reddit rebels love the hate. charlie breaks it next. and, again, let's check the big board, focus on the dow here. down two straight weeks. it's down 239 points, but believe it or not, that's well off the lows of the session. at one point, it's been a very volatile, rocky week, it was down 472. "claman countdown" and the market, both coming right back. ♪ ♪ throughout history i've observed markets shaped by the intentional and unforeseeable. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns.

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♪ lauren: welcome back. production of the tesla cyber truck is being delayed yet again. reuters is reporting that manufacturing will not begin until the first quarter of next year. separately, tesla changing

features and functions to try to make that truck more attractive. i think it's pretty attractive as is. maybe investors agree. stock up 1.25%. take a look at doaj coin, jumping 14.25% after elon musk tweeted that the crypto could be used the buy tesla merchandise. like what, she asks. well, the cyber truck whistle that liz, the host of this show, demonstrated back in november -- december. [laughter] there it is. it costs, what, 300 doge coins while some of the other items run as high as 835. let's check some of the other cryptos in addition to doge which is at 19 cents right now, and you can see that most of them are having a bad day, bad week. it's been rough all around. all right, you're looking at robinhood. shares bouncing from their lows, but they're still sharp ply lower following a report from charlie gasparino. this is what he tweeted:

investment banking sources say robinhood will likely have to sell in a rising rate environment, a decline in trading volumes. the problem, not a lot of buyers. big banks are worried about regulatory risks in its retail-centric business model. charlie, robinhood is down 79% from its highs. >> yeah. the stock -- [inaudible] it's not getting killed today. obviously, it's bouncing back. lauren: no. >> yes, it's down dramatically from the highs. here's the bottom line, investors just don't like the business model. it's my p developically focused on retail -- myopically focused on retail. probably going to back off all the trading in individual stocks including bitcoin and some of the other stuff they do. payment for order flow coming under pressure from gary gensler, the sec chief. that's one way they make a lot of money. remember, they charge zero commissions because they sell their buy-ins and sell ores to

other platforms, market makers that make market in these trades. so coming under a lot of pressure, and i'll tell you, i've been talking to people, investment bankers and people in, on wall street. and they say the most likely outcome is that this company's going to have to sell at some point. it's just too small to survive in the environment particularly if jamie dimon is right, we're talking about seven interest rate increases. that's going to be deadly for robinhood if that does happen. who would buy it? i think it's really hard for any of the mainstream banks to buy it. i can't imagine that james gorman at morgan stanley or someone, or david solomon at goldman, all these mares that are getting into -- players that are getting into more of the retail side, i mean, they're hyper-retail. very small denominating accounts. very small account, you know, sizes.

and there's a huge regulatory risk when you deal with, you know, hyper-retail investors. you're basically trying to lure them in to buy stuff, and if they lose money, they always sue, and you have a history of this. when market bubbles birth, which might be happening soon. so i think it's going to be hard for a major bank to buy 'em, a major firm. you know, it's just their customer base is too volatile. who might buy 'em? you know, people were speculating maybe a chinese company would buy 'em. i don't know if the company would allow that to happen. i think private equity might be the one place it goes back private, because it's going to be very hard for them to sell to a private bank. -- large bank. a private equity firm might be able to achieve markets of scale and ship if it out in a different way in the future if it gets its act together. this environment could be really rough for robinhood, and the regulatory winds could be

vicious. remember in the old days when they first started? remember, the confetti used to fly -- lauren: the casino-like environment. >> yeah. and that casino, if the fed raises, you know, three times or seven times as jamie says, that casino is going away. so just -- lauren: for many first-time traders, novice traders that had a lot of money -- >> right. lauren: -- at the height of the pandemic that were sitting home bored -- but some of them. >> investing is always here to stay, that's why we exist. we tell people what's going on in the investment world, you know, to be a long-term investor. but if you want to trade, you know, jerome powell's your daddy. [laughter] if he starts raising rates, man, it's going to be pretty nasty out there. and one of the -- and business models will be up'emed. big banks -- upended. big banks will do better. they don't basically raise rates on their deposits, so to speak,

before, you know, they don't raise the rates on the goes sits slower than on loans. so, you know, it's, there's a rationale when big banks do good, but firms like this will not do as well. lauren: charlie gasparino, thank you. good to see you. moved the stock of robinhood a bit today. all right, as the nation nears, we hope, peak omicron, today's countdown closer has not one, but two names in the health care sector that should be poised to bring profits to your portfolio. first, as we await these final seven minutes of trading, the dow down 190 points. the rest of the market hoping to close in the green. we'll be right back. ♪ ♪ careful now. nice! you got it. and thanks to voya, i'm confident about my future. oh dad, the twins are now... ...vegan. i know, i got 'em some of those plant burgers. - nice! - yeah. voya provides guidance for the right investments

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so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. lauren: we're almost there, the closing bell rings in about three minutes and we're ending this pretty ugly week the second one in a row for the stocks. take a look at the s&p 500 it

could go either way, slightly higher now, nasdaq, yup, it looks like it's going to close positive, the dow is the laggard , it's down half of 1 %. all right for the week just to recap the dow and the s&p set to finish lower for week number two , the nasdaq, even though it's higher today it's still down for three weeks in a row. experts saying that omicron might be nearing its peak, but our count down closer has two healthcare names to take your portfolio sky high, we hope. let's bring in cornerstone wealth chief investment officer cliff hodge. welcome. >> happy friday. lauren: happy friday! >> thanks, so we think healthcare has the right mix of characteristics to outperform in 2022. the sector as a whole supports solid single-digit sales growth translating into double-digit earnings growth. a couple of names to consider in that space that has that right

combination of high-quality, but also some characteristics are united healthcare, unh, that's one for investors to consider, nation's largest private head insurance provider of over 48 million member, fantastic returns on capital trading in line with the market multiple that's a name to consider. the other one with a value name, abvie, classic value name, trades at a single-digit earnings multiple and its had negative headlines about one of its drugs coming off patent, but again, we love the characteristics in the healthcare space, you're going to get a 4% dividend yield to wait for the stock to rerate. lauren: do you month what i thought was interesting i guess it makes sense with the supreme court striking down the mandates vaccination for big private businesses. you saw moderna and biontech and pfizer all fell today but at the same time you saw a lot of other health name do better because you have a public that is

generally more concerned about their health and also people are getting older. that means they need more care, right? >> unfortunately, people are getting older. it happens to the best of us, and that's another reason why, you know, we say healthcare is interesting, right? because you do have that back drop of aging demographics as you mentioned, but really, also, an increased focus on health and wellness, so that translates to the healthcare, you know, there's some technology names with wearables that are also interesting as well, so the secular back drop makes a lot of sense, and then it also is historically as well. lauren: we've got about 20 seconds before the bell rings here i don't want to get you clipped, cliff but visa is down about 7% since your last appearance with liz on this show you still like them though. can you tell us why, quickly? >> we still like visa, high teens sales growth, 60% free cash flow margin which is one of the highest in the s&p.

you're going to pay up a little bit for it, 15% off the highs, but we still think it's an interesting stock here at these levels. lauren: cliff, thank you so much >> [closing bell ringing] lauren: that does it for me, happy long weekend, everybody. stocks are ending, in mixed session on this final trading day of the week, but the nasdaq finally a big winner. kudlow is next. larry: hello, everyone. welcome to kudlow, i'm larry kudlow. as you know, its been a very rough new year for president biden as he suffered two defeats first up the supreme court ruled against his vaccine mandate for 80 million people working in private business and second, just before uncle joe was going to speak to the senate democratic conference, kyrsten sinema stood up on the senate floor and announced her opposition to any changes