conventional insurance executive, sees the lion on the horizon from that to me is a stark i'm interested in it predict been beaten down so much suet this melanie tinkham is lemonade, the insurance kind. we can leave there and robin keith thank you very much and liz, i say tweets, the leather jacket and i thought it was groovy i really love to see you pull it off after my were on monday, anything is game. [laughter] for today. liz: i will bust out the leather jacket today or tomorrow because it was be a crazy friday and hey, were just talking about pellets on, very close eye on the shares because the treadmill shares are declining to a halt and we have details this very latest check on the stocks as it crashes in just a moment but wall street is bouncing back after yesterday's selloff and nasdaq, fall into the correction

territory look at the dow, four-day losing streak is up 1309 points in the markets on the floor as a way to dangerous to us a question, the floor show isn't waiting around for the answer, they are here to see it in areas, very thorough areas and a lot of investors are paying attention to but perhaps they should, we got here this and we should been paying to aluminum giant, crusty earnings and sending up a warning flare a potential conflict between russia and ukraine the ceo roy harvey is here to foxbusiness exclusive, that conflicts coming to the nations biggest aluminum producers because it could affect prices and that great earnings numbers in just a moment with the ceo space x engineers, elon musk in the final frontier, to create the newest innovations in the old rail yard, innovations in this

industry has not seen and probably 100 years, the parallel systems the ceo here on foxbusiness exclusive to show you is new all electric self driving railcars that are to be all of the frightened everything you've ordered from amazon no doubt and plus this affects about to take up high style roundhouse kick to the gut after the bell, top streaming say that they are here with a preview, and he is such a fan but you have got to hear why and let's start with breaking news in palatine, he look at it in the moment, his very close to the los and has been halted it for a couple of times but is the train down about 22.7 percent and over an hour ago the exercise, giant temples after the report that is temporarily halting the productions on its exercise bikes and upon predict and apparently for two months and is treadmill machines, for six weeks and cnbc cited internal

documents from january 10th presentations that said the company is making a move to control the cost and we have reached out to pellets on to get a confirmation it denial of the reports we will let you know what they say as soon as we hear back but remember this was $170 plus dockets at 2463 right now and i still have a minute i'm going to hang onto it and let this get to the top business market, started as investors pretty much diving back into the market is morning, history kind of morning to dipping a toe or two in an early in the session is even for picture their bargain hunters were up here in full for scooping up everything from utilities to energies financial real estate and he asked after the plunged into correction territory yesterday coming investors also jumped in s&p's also off the high for discussion nasdaq is same exact pattern in the torture you gotta look microsoft enough of that and tesla, and formerly facebook

and those are the names a lot of people would scoop up but you can see the moment that i will that is kind of moderate getting closer to the minute tesla still the leader here, about 1.6 percent and helping move that sentiment along though, ten year treasury yield went after getting it to your high sum of 1.9 percent, treated at this hour to about a 3 percent with u.s. body heals reflecting the rate hike fears and the tech suffering for it so you can see that kind of push and pull behaviors there this brings us to our question, for you, where is a hidden fertile areas in the market nobody is really talking about right now and let us get to our show and we have our epstein and with 26 billion and creative planning and honest with you peter, we know that everybody is talking about you know financials being the area that would benefit, but less obvious targets have you found

to deploy your arsenal of cash right now. >> over small i would say think the pullback that we have had his absolutely nothing and i think it's going be much more significant sometime in the next couple months which is too much going on starsky this go out of the system and i think it will be a lot more that we experienced, she's been a long time and we have very short memories of most of us can agree that they're going to raise the rates and when they do, there's obvious choices, insurance companies, but i think that we have this story but growth versus value, but i think that also we should be looking overseas, now i like taking somebody overseas and look at 2010, in the u.s. earned zero the of the world crushed it the last decade was completely different and i think that if we start to look at the money is start to look for dividends and it yields a little bit more values that will be more interesting place to be in the next five years see tip when i

about that peter is that it's definitely not where it was it's only up about 3.3 percent of the 52 weeks and are not buying it at two higher lefty of a price and i want to get to the metals because the commodities have been extraordinarily well mostly because of the supply chain crisis and of course, you've got inflation which is really been an issue here but you are the expert and whether it is precious are basically industrial metals, when you see real opportunity in the middle space. >> i see the both of them because we have inflation, and watershed change, the beautify inflation whether that's what they think does not matter what matters is there going to where they don't have to stop the incoming, and because of omicron, the world, not just the united states but the world comes out of that, we've got a refill disappointing but there's

a lot of money in stocks and going to want to do it for month is good, metals or copper, and lithium, that is where the players are going to be in a goes hand-in-hand with the inflation it in the markets and the demand of liquid turned adjusted with copper, they change their property gains they have money coming out of the in lowering the mortgage rates fighting too much, this is a natural as far as i'm concerned, in place to be. liz: what we have a foxbusiness exclusive coming up with the ceo, they're going suites by the metals prices have done incredibly well when it comes to aluminum but as you look at the demand another opportunity, peter, janet are doing well today because it appears obviously, that they like and are getting a real bed when it comes to what china did basically cut is from right and you can see it's a dual about 3.9 percent, and another for

5 percent and 6 percent for dd global and again nowhere near their previous highs but there are opportunity in that space. peter: i think that with the trended tech stocks you may as well to go to the casino, i think, what we learned again and over the last couple of years is that china is not move to a point where it doesn't manipulate the market and until we can get beyond that, generally accepting the accounting printable's with less than normal manipulation that we expect from the government, have no interest in allocating any my phone specifically targeting the sector had broad exposure to china as part of the emerging markets speech of yes, i get it, is a dangerous time here because the fed is a huge? at the moment and really quick, looking at the gold and is up about 1.8 percent of the passage must but a 43 percent over three

years and what you see gold futures going. >> well i'm going to be the kind of markets that it did with bitcoin so if it can get up where it's not her benefits, 1900 level, he will be a stretch to get to 2000 and oakwood have hyperinflation you have inflation it and another in love with gold way you might think, have silver and gold okay and i don't know, i agree will that is really an industrial play because into a lot of electronics so great mentor that of peter and ira great to have you both and thank you very much were looking at a downtown industrial, others gains, as you point out here, 44 points in the dow is high at 461-point so michael, okay, foxbusiness alert here, the finer points of quarterly reports are ground to get some airlines socks now particularly american airlines

and reversing earlier gains in this of course even as it reported a smaller than expected fourth-quarter lessons toward higher costs because of the omicron issue in this talk is down about one and a half percent united down printed & as well, the forecast to get that for 2022, ngn and ual said that omicron is putting the kibosh on the demand at the moment and afa 20 percent decline over the past year, the stock is wide-awake in the final hour of trading trading up more than 10d mattress and box start of approved the buyout by durational capitol management and yes rescue me, didn't they just recently go public it did, february of 2020, but a $12 a share a look at it now, $6.32 rated and has struggled over the past year and a half, news of going private clearly not jolting the stock anywhere near the original 12-dollar price is

about two weeks ago, remember this, the ceo russell hinted to me and i cannot viewers that he was in talks with automobile companies, beyond volvo which is already announced for his self driving sensors that help dominus vehicles drive safely home today the stock is at full throttle never struck a deal with only mercedes-benz, lewis, they are topping 1435, 14.35 percent, basically what they will do, for mercedes and allow its on the striving square is next generation of vehicles and piper sandler analysts are kind of discussing the two-party, downgrading it the semi conductors due to data sector and piper also could advance micro devices to neutral, and trimmed his price targets by $2.2130 high evaluations in the pc market and you've got a $206.20, down about

two and a quarter percent in amd down to earth are present in speaking up semiconductors, intel ceo guessing are joining me tomorrow 3:00 p.m. eastern on the kata and he is going to talk about his objectives for the u.s. to be the world's top chip maker, he said that right, the talk about the global tube shortage you talk about that but he has not talked about the basic point mining ship that they are coming out with so you got here what pat has to say, ceo of intel tomorrow. and conflict between russia and ukraine could create a whole new set of supply chain crop problems for america for the largest aluminum producer in the industry and first on foxbusiness, co rowley harvey is here on that and issues behind the plus the blockbuster quarterly report for surprised 22 percent of the upside, and it

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>> absolutely clear with president vladimir putin any is no misunderstanding finny assembled russian moves across ukrainian border, that is an invasion but it was met with severe and coordinated the response and i discuss in detail with our allies as well as laid out very clearly for president vladimir putin and sweet if president biden today clarifying comments that he made yesterday during his news conference, this after a course of criticism rain down on him for suggesting that the u.s. had a sliding scale of source when it comes to responding to a russian invasion of ukraine and this was yesterday. biden: russia will be held accountable, if it invades it depends on what it does, if it's

minor, then we end up having to fight about what to do and what not do. liz: clearly that ukraine's leader zelensky vote there are no such things as minor encouragement when it comes to invasions of this country and the intentions of got the notice of the business will prettily the u.s. aluminum industry biggest player and during the conference call concerning blow out rita numbers and seo warns that any active aggression by russia, roles largest second largest producer could impact amino on foxbusiness exclusive for the first broadcast interview, roy harvey and first of all congratulations on earnings which completely smashed estimates, avoid to do profit so much higher than with the street and expected. roy: liz i appreciate the opportunity to be here and talk about alcoa, we have been working across the board to try to transform and transform this

company five years ago we separated into the standalone company we are today and really a lot of what happened it is culminated with what was a very strong here so when you think about the strength the balance sheet and her ability to be able to lower the debt and balance our first evident it, it gives raise the strength we have the strength were trying to drive for the future and you know, but also when we think about where we find ourselves today, aluminum is recyclable light weight and it absolutely part of today's story will become screener but more openly for the future and silently talk about fourth-quarter results in our plea 21, results and of course part of that is the technology roadmap to the carbonized and one final point they put into it is that were also sing these shift in aluminum this drive towards renewable energy, this demanded strength across every one of our sectors, it means that we are saying an uplift in aluminum pricing and then the it

is great for alcoa because it allows us to be quicker thinking your portfolio driving the future. liz: this winter minor investor audience to understand is this is not your grandfather's alcoa, this is a company with such an incredible history but you have really, we been watching, much more into the new millennium and really making it the ability aspects of it but always paired with the business possibilities and the probabilities from those options as well as the electric vehicle option as well which i really want to get into on the second but if you talk about your guide is for q1, you said that it was similar to what you just came out of, q4, based on current pricing but of course we all know there's no guarantee that prices will remain static and already, there up significantly in which you also reference was the simmering tension between russia and ukraine it could actually affect the price of aluminum and also in how you model for something

like that. roy: is one of the joys of being commodity player that you have a very different day that presents itself every morning when you really get out of bed and that can be on the demand side or on the supply side of pricing and for us we look for q1, your cost inflation pressures when you at energy and raw materials that we use a very important that we also have a lot of really great strength inside of our stricter product freedoms and midwest premiums that are regional based is all of this house to support this expectation that we can do just as good and q1 as we didn't q4, with some of the uncertainties that are happening at the ukraine is one of them a covid-19 as well is also part of that and our job is to make sure that we are making out hopefully up cycle proof so that we can be successful no matter what happens in any a lot of what we try to do for alcoa's become faster him making decisions become less of an just try to build value for our stockholders

in our communities with every single decision that we make. liz: and you definitely done that and today alone, your stocks are getting above of more than 4 percent, but when you talk about the pricing can you, he knew you guys make predictions anticipation for prices of aluminum and everything that you mind, to me which a price prediction as far aluminum their assessments outdoor a year. roy: we don't specifically make a price forecast we release, we try to do is up one of the fundamentals of the supply and demand the project that forward as of the demand side, linda said, 2022, should be even better than what we saw in 2021 which was a recovery already from 2019, so the demand is strong and supply infant more challenging even to bring the production because you need access to renewables and make the agreements with your community so it is simply more difficult to bring that in

southern supply the demand fundamentals very good is what drives up estate when we look out six months or a year even longer, we expect the cycle to be stronger and to last longer. liz: i got it and quickly, but i do want to bring up the fact that you guys are part of the deal with audi to save the whales release the material of aluminum for wheels in the audi and the electric sports car, how could this be for alcoa in the coming years. roy: ev is just the beginning of the story in our consumers cross the border looking at how to d carbonized their supply chain and how to make sure they have the right connections and stakeholders use and everything that is happening crossing over to aluminum say electric transportation and vehicles, reported because he is more aluminum and absolutely necessary in order but when you also take that into building and construction and when you think about how were going to d carbonized an entire value chain alcoa because all of the way for

the mighty god of the first set of product, we are working on everything one of the species, and a joint venture that will create first zero carbon direct division of aluminum and that is a type of stuff that we need to make a difference and offer them to the consumers. liz: roy it's great to have you looking at the stock up 150 percent for the mess year to have you on please tell us the story in the coming months and roy harvey were coming back and look at this and the dow is fighting with a flat line here just negative, and coming right back ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it!

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point in the session here and has been up 301 points, as i was really leading the way down, maybe semiconductors and video, for big chip names here and you can see, threaded out by amazon, interesting down to the 40 percent, the leader back here and for the quarter present, those transition to this old man winter taking another shot of the midwest, and east coast at this hour take a look at michigan, unlike betsy of course like michigan, the winter definitely sitting in there and and across the nation that means sales and generators skyrocketing however manufacturer having a lot of trouble keeping up with demand is labor troubles from the rubber shortage, two omicron sickels and slow down production lines we had it ready trouble live on the factory floor, whitewater wisconsin is the other generator giant is really stepping up to this challenge.

>> there doing the best liz, but omicron was the latest french throne and to manufacturing up all across the country and here the ceo told me they were down about ten - 15 percent of their workforce at the peak of the omicron surgeon the good news is they think they're on the other side of it but mentioned, the workers shortage, that is still ongoing and you can see it takes a lot of workers to put together these generators here in whitewater, wisconsin and right now the good is about 200 employees across the various facilities to keep the workers they it in newark more, they have increased pay and that the cost of raw materials that have gone up and fourthly, like every other company they've had to raise prices in the generators around 10 percent from a year ago. nonetheless lucille tells me it is a golden age for american workers. >> the kind of scheduling and

focus a possibility want. >> were things going from here consumer say i'm not paying that much anymore. >> i do worry about that an overall impact on consumer demand and i think in our market is different because the products we manufacture, they become a necessity items with a power outage so i think work little bit inflated in the demand charts might be coming late grandmother industries where think that pricing is probably getting a tipping point in terms of maybe having an impact in demand. >> and you mentioned that severe weather has increased demand but is also the fact is that people are spending a lot more time at home at some of the power goes out in the working from home, i generators a lot more crucial now than it was before the pandemic so if you order to generator his competitor today, he probably would waiting for it printed were between six - eight months. liz: after super storm sandy, i

said it never again clinic got it generator and have never regretted it, grady great working employees behind you to help the company is continuing to do great, live on rails getting charged up as former space x engineers into the old school ministry minutes: really prevents the way for good our movie we are going to show you how and introduce you to the rocket minute, the ceo of parallel systems and yourself driving battery operated railcars, 20 make minutes away, the bow, the market has turned south of the now is as in the nasdaq to be all over, coming right back. d doug. we gotta tell people that liberty mutual customizes car insurance so you only pay for what you need, and we gotta do it fast. [limu emu squawks] woo! thirty-four miles per hour! new personal record, limu! [limu emu squawks]

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whenever traders just text me is that it markets hold the gains i saw earlier the nasdaq to be that more than three an appointment now to be of more than one, earlier, i know flat to lower, it is trouble, that's on the white that's what he said he warned about it yesterday and former space x engineer, looking to the railroad it will could be the biggest electric jolt the railroad in history and scenic and maybe 100 years, the systems, look at the right side they have a plan to turn freight train cars into economists electric vehicles but enjoy saving the industry, billions of dollars. and foxbusiness exclusive joining me now the cofounder and ceo pressure off 50 million in series funding for capitol and if i was wanting to disrupt an old heavy machinery industry up and hire engineers from space x the going for rocket ships different courses on a stretch,

what got to hide jeff going for parallel. >> figure, we work really having opportunities to help them, nice treat been enamored with the rail industry the really huge opportunity to give them the tools to capture some of the activity that they have a shortage of the drivers on the rail. liz: and want you to explain it to our viewers how it works towards youtube animation but to me it is fascinating you been able to basically planet to eliminate the huge rail yards think a lot of employee efforts of course a lot of space and talk about what we are saying in the here this animation. >> that is a really key point out our solution is that traditional rail operations report a very big footprint and were very successful economically without large footprint but i limited the market but what we work on his the system approach that is a

require the seem to be able to achieve economics and that is what opens the door to making smaller visible footprints opening up for the opportunities to serve the congested markets give the railroads the tools to open what it means and so are vehicles were together compared it to collaboratively carry containers information of. liz: and there any deals with remington northern union pacific in any of the big rails. >> none that i can speak of my, we have been really pleased with reception we got from the rail industry and look forward to sharing more about that in the future you start right here on the claman countdown because i want to this and is fascinating to see anybody and anything like yours reinvigorating basically disrupting an old school you know, business and is so please

come back to my thank you. liz: is been one year to the date, since charlie broke the news the north carolina senator richard burr would face and civil inquiry related to the insider trading now have an update on the case next charlie will break it when we come back and down 125-point, that is definitely close why the screen, other major industries coming right back. a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. we all get hit by the storms of life. for troy conquest, his storm

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1-800-217-3217. that's 1-800-217-3217 liz: house speaker nancy pelosi said today she's open to considering proposals that would ban members of congress from trading stocks and her comments

come after 54 members of congress last year, violated the law regarding to stop the insider-trading one of those people, senator richard burr, here with an update on the story. >> let's be clear, we don't know if he violated, is matter-of-fact, richard burr last year was cleared of criminal charges for trading it stocks allegedly based on confidential briefings that he got pre- pandemic in the believe that he was hospitality stocks, and a flush during the initial phases of the 2020, lockdown and he sold them any convinced that the justice department that the criminal case should not be brought and why because he basically argued that a lot of this information was publicly available the briefings and he got pre- pandemic about how bad trenton he was in with my be for the company was bouncing around and that was a really have are so we should point out that this date last year, this was after

he was clearly, on the criminal side we reported on your shoulders, not just look at the clip, in 2020 when, january, that the sec civil case against him was still ongoing but we know now, "fox news" reporter, best to locate, has not been closed, that case is still going on from what i understand it now care some of the interesting things here, you would think that after all this time the release issue a notice, the indication from the fcc enforcement division, to the richard burr's lawyers to recommend to the full commission, but they filed charges, formal civil case against richard burke, that is not happened yet we should point out so it is unclear where this is going to what we do know is that it is not settled and is not closed and as you know the criminal cases of drug by the doj, those include people for

insider trading, many of god joe martha stuart did a good job with the agents convicted of lying about the potential insider-trading and she settled simile with the sec and generally they find you and prevent you from being a director of the company civil statutes allowing that is what richard burr is facing if they bring charges from i am sending his lawyers are confident vertically they have to find the administrative course, and the criminal charges and doubt you have to prove the government has to prove intent that you know through another because he yellow these briefings in the city, the fcc, by president biden for monday understand the

charge here on this and oregon's backdrop, of this pelosi trading stuff which just so you know, is probably not violative of anything other than she was to trade a lot of stocks because they haven't typed specifically to the briefings where there's something called stock act which remember, you can't confidential stuff from the briefings and by the way, a lot of us readings are not confidential, there's nothing really illegal with bliss he was she based on the evidence we did a bit if they bring charges against her, the policy, this will be one heck of a political story but again, cinnamon limbo, so close, but is still an ongoing investigation of back to you. liz: thank you, charlie, folks the s&p 500 and we are now at lowe's around 31-point and the investors would continue to fall, the netflix, earnings are

imminent, the jacking of the prices on the customers. but to look up but will the subscribers think the streaming wars the pricing wars eat up and top analyst michael is up next and he will give you a preview of exactly what to watch the netflix earnings coming up right after the bell goes about being awake, the dow is down 184 and falling. care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care.

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you. the call is free and there's no obligation. you know medicare won't cover all your medical costs. so call now, and see why a medicare supplement plan from a company like humana just might be the answer. liz: before we here at the closing rang, we are watching the sox getting it ready new most clearly this is the dow is 213 and that appears to me, doing the math, almost a 700-point to swing it from peak to trough which is where we are now, the biggest since december 6 in the nasdaq,

158-point swing from heidi low, just today and we are at the lope of the session down 2.21, actually down when 52 rather, the dow that is down to 2012 now it is 231, this is a moving target at the moment and what is going on, well, the profit and again people more did that yesterday, the big bump the nasdaq, might not hold pretty teddy was on yesterday said he was concerned about that and again we have the federal reserve this wednesday the interest rates so there's a lot of? here so this could do this, still? because until we get to until the after the bell, we won't know what the earnings are but they're up netflix fourth-quarter earnings in my head of the report, take a look at the shares, down about what i have percent and hit lately, down about 25 percent of the 52 week high, and fourth quarter report, earnings-per-share of 82 cents, revenues and expected to

a .5 globally and this and we have some from other analysts where they will believe it will be 2 million lesson that but at the moment this is what is he expected it, the code printed company blockbuster fourth-quarter kids, it didn't work the popular series, emily and paris, this is the kind of quarter upon which netflix or semester should rest on their and the foxbusiness explosive, analyst michael, you're one of the few analysts whose not totally enamored with netflix, sortable people thank you so a guaranty leadership, you have underperformed in 12 months target 342, that's a haircut so what's at the heart of your opinion here. michael: just evaluation, the market on netflix, will be one streaming service edit every household of the planet will subscribe to the lab two or three billions of subscribers

the price leverage of like 25 bucks a month and money in fact is there is competition more important, competition it content so it is just harder to come by good content because more and there is a lot of people committing for this year and all i think the netflix will be the first subscription for every household, not going to be the only subscription the people are going to turn in and out especially ever higher prices is going to increase this year in the west. liz: 20 weeks fighting for the earnings and for stock. michael: excuse me, i think that the fear is misguided, and is based on credit card data from the west and he does not do a very good job of looking at india for example to use the prepared cards or do think the credit card data services are going to be writing this one and

netflix probably added a lot of low-quality rings in india nicely think they will to the number i actually think the miss the number but the pricing increase, the really tells you a lot, testing the probably solvent u.s. and canada and that's really where the price slightly sold in europe and only on the four k planet and raising price anywhere also biases they want to keep that subscription machine going and low price regions and it will probably guide to olympia number but i think will at the numbers with of god. liz: okay, as we look at that chatter about netflix chillers or at least you call them netflix is not the only one of the are going to have other choices there with a scoop dissing plus hbo max, viacom, you have got to talk to me about the price increase that they have been able to announce that too much pushback and $2 u.s. and canadian

>> yeah, we already taken our numbers up but they're absolutely driving revenue growth. the reason they had to do this they are spending more on content. i think the bigger problem they face is they dump content con all at once. tomorrow we get seven episodes of "ozark." yesterday we can watch seven hours of tv until next year. that is the problem. they don't parts their content out weekly like everybody else. you will see increase the churned at higher price point in the west. that is a problem. people will sign up for netflix six months at a time. watch everything they care about. switch over to other services. that is a formula for stalled growth. i expect utz and canada, no growth. probably decline in 2022. liz: wow. >> if that happens i think the stock actually hits high price

target. liz: let me play devil's advocate. i'm not the analyst. >> i'm always wrong. i'm always wrong. >> netflix announced yesterday that it will have 25 different korean series rolling out in 2022. this obviously on the heels of that incredible, outrageous success "squid game." is that the right path to take? i would think they're pretty good calling these winners, are they not? >> i do think they are. to be honest the movie "parasite" won best picture, a korean picture. korean content translates well for the west. that is a prudent investment. they're putting money where it works, where they have very low production costs, universal appeal. so really smart. i never criticized their talent or production decisions, only their balance sheet and their spending. liz: okay. i want to put up, i know we have a major selloff here.

we have now 820 point swing between the dow peak and trough. we're down 317. nasdaq, obviously, michael, where netflix resides is one of these indexes that yesterday everybody thought, oh, the selling, not everybody, but the selling is over, they piled back in today. netflix is one of the laggards obviously. but some other big names, whether they're chip companies. look at a name like netflix. some other big names in the streaming case, purely from a stock standpoint what do you expect they will do? >> i mean, look, netflix is, it is, netflix and tesla are the same company. people think that because they were first movers that they're going to dominate and they're going to capture 100% share and you know i just don't see it. so netflix, the problem is when disney plus launched, disney and foxconn tent disappeared from netflix and will never come back. so that is the problem. liz: yeah.

michael, great to have you. numbers are coming out imminently from netflix. thank you so much. but as we look at the dow jones industrials, slightly off the lows of the session. [closing bell rings] this is a neck-snapping turn around the dow five days in a row. nasdaq deeper into correction territory that will do it for "the claman countdown." "kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so no reset or midcourse changes for president joe biden. that's what we learned in yesterday's presser. big government socialist policies are a life alive and well. in fact he is doubling down. according to mr. biden the polls are wrong. the country really loves him and his policies. his job is to travel around the country to better communicate his achievements an goals to the american people. that that is basically