tv The Claman Countdown FOX Business January 25, 2022 3:00pm-4:00pm EST
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3:00 o'clock or 330. the rationale the market will alter the fed's plans. so many great stocks happen to be on sale right now, the good to do the same. i'm really happy for anyone out there who is engaged in this market, don't give up and don't panic and never stop funding your retirement account. i learned that a long time ago for my colleague liz claman. liz: i love these anchors from other business networks who say i should get credit, i say don't panic. when should you ever panic. never. do not panic. the love that the s&p just turn positive for a second while you were talking. charles: i wanted it to happen before 3:00 o'clock. the dow was up 200 and here it comes around the edge, the s&p, here comes s&p, i wanted it to happen during my show but you get the credit now. liz: you get it, after that
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performance, the stretch that we go. another wild one on wall street it looks to be a repeat of yesterday's monday madness. we are looking at another epic turnaround tuesday, stock set session highs. the dow completing a 1000 plus point swing at this hour right now up 203 and i had been down 818. the nasdaq earlier following into correction territory but way off the 440.0 of the session, down just 87 at the moment. the s&p again heading correction territory earlier before the bull made their charge, down, down four points, charles gets the credit it turned out so slightly positive amid and half ago. the wall street staircase the volatility index doing and about space right now, had been down much more than what we were down now, it had been up, higher is
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more fear we have it down 1%, no longer in the green it is fallen steadily since 10:00 a.m. eastern six-day winning streak in jeopardy as the fed kicks off the january huddle. the floor show traders are getting in front of the cameras to tell us that you're about to see another final hour total reversal of fortune. ukraine russia standoff adding to the jitters even if the white house says the president has no intention interest or desire to send troops to ukraine but the government now warning all companies to be on the lookout for cyber attacks as the saber rattling heats up in that region. a fox business exclusive to tell us how he is protecting the fortune 500 climate. amazon making its way across the nation with the do distribution warehouses to move masses amount of products to the amazon ghost tour, he could not do it the company known with the amazons
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landlord the ceo of the public traded company is here on a fox business exclusive. first we want to begin with the fox market alert critical comparison with the final hour of trade, look at the dow intraday, down about 818 pointed today's lows now up 149. if you stretch it out to yesterday's action with the blue-chip plummeted 1115 points but then during the very hour to again of 99-point, pretty incredible chart almost a repeat today. to the nasdaq still in negative territory. the chart to 0 and is monday, with a very close at the moment we are down 113 at the moment, breathtaking reversal in the final hour yesterday erased a 5% deficit to close up 86 points or two thirds of 8%. what matters for the s&p 500 right now is the degree of
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today's slide a loss of 93 points or more means a broader indexes and correction it is nowhere near that although it was earlier today down right now nine points let's look at that once again we were looking at is six-day of increased fear but again as we pointed out now it is down what in the quarter% the jittery trading yesterday and quite frankly earlier today has triggered ahead of the fed meeting of the year in the news of putting thousands of troops on heightened alert to the russia ukraine standoff. what is different today, for one said voting numbers began their beating six hours ago. were that much closer to knowing how aggressive the fed will be on wasting interest rates. the russians today conducted military drills involving troops, drones and takes on its border with ukraine. plus there's this north korea decided to rattle his own by two suspected cruise missiles
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overnight. shouldn't that already be looking ahead tomorrow. the spring in the floor show traders scott and tom. what is the price action of the past 48 hours tell you how people should be investing practically ahead of the federal reserve meeting. >> we believe the majority of the pain is in the rearview mirror at this point historically you don't get a 20% correction in the s&p 500 without a recession and you don't get a recession without a yield curve while the yield curve has been flattening since june is nowhere near an inversion and recession is two quarters of negative gd p growth we will have positive 4% gdp growth in 2022. this was needed and the sentiment has watched out we saw that and the aai survey last week where bullishness was only 21% and bearishness 41%, that nearly happens there inflection point. i got up to 38 yesterday and it is down to 29 today. vitally the put call ratio people buying insurance got up to one point to six, people were
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buying insurance while the house was on fire and you want to buy insurance before the house was on fire and they were buying it at the exact wrong time, that is a sign that we see during times that the market turns around. those are the three indicators that we saw and i think were seeing the reversal here. liz: tom hayes went out on a limb and said we are pretty much through this but the whole discussion could be mute if tomorrow the fed comes out and strikes a less aggressive tone. if that's the case could we see a massive rally in risk assets should investors prepare today for the possibility tomorrow and how? >> first of all over the weekend we were noticing to a capitulation point and yesterday morning we saw the dow was down and we saw formation that is
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said we have a first major target going to 34500 on the dow and we had that little while ago. here is the thing the big key is not necessarily the fed overall, it is oil prices oil is the thing that is scaring people more than the fed tightening and raising rates and the fact is that is where a lot of the inflation is coming from, the big scare if ukraine is invaded by russia and the economic sanctions go when that will be the point that we will see oil potentially go up to 100 - $130 a barrel, that could shake the market but overall they take a look at the big macro picture at the same as it has been for investors there's no other place to put your assets when you have liquidity in the possibility of owning more than the rate of
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inflation. liz: exactly, if anywhere you will see inflation is definitely energy prices. if you look at the s&p leaders you have apache, occidental petroleum, it is not a surprise here. i just want to make sure you truly believe that we are done with this at least 1000 - 800. losses here and there. >> i think in the short term what we need for a tradable bottom we need a continuation of positive tech earnings that's been hit the worst with ibm beating on revenues in a big way, microsoft is critical tonight we need to see the growth with the hybrid cloud and finally we need to see the fed back off this idea of starting quantitative tightening with the first rate hike which could be as early as march, that skip the market three weeks ago and that's attributable to a lot of the volatility that we've seen with the fed minutes starting to
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tighten. they wait 12 - 18 months to start that if we get the two things that is valuable in the think we can have a nice move in coming weeks. were looking at the biotech space to take advantage it's terrible the last year were playing where people go back to the doctors and treatments for other illness and focus on things besides coping. liz: i can tell you when it was viable yesterday midday 1100 points on the dow jones industrial. and then as it caught the bottom, definitely in the money. microsoft, down about 1%, expectation $2.31 per eps 50.8 billion for revenue. that would be an 18% gain year over year. great to have you, thank you so much. the dow jones industrial up 69 points. let's get to the fox business alert.
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part of the reason the dow was in the green american express headed for the best in more than a year after announcing blowout fourth-quarter numbers. the full-year revenue forecast citing record consumer spending engage in prepend demo cabinets like travel and dining out. imagine that. the news boosting the stock nine and a third% to $173.76 at this hour, is at the top of the dow and s&p on the other end of the spectrum general electric, the bottom of the s&p of a mixed earnings report where earnings-per-share beat expectations but revenue fell short. ge said persistent supply chain disruption and inflationary pressures are to blame for the myth, but there being clicked by 5.8% or $5.69 to 91.92. an major $40 billion merger between nvidia and uk chip designer arm looking like it's off the table and out the door. according from a report nvidia
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telling as partners it does not expect the deal to go through. the arms parent company, softbank is gearing up to take the company public instead. plans for the deal have drawn scrutiny, you name it you name and country global regulators hate it they were worried it would cause antitrust concerns nvidia too powerful of a player and arm is the chip architecture company and they fell to just about everybody whether tell quan build their own plans on top of the tips. but right now nvidia down three units are present. shares of casino operator hitting the jackpot this hour with the largest shareholder hedge fund standard general offer to buy the company's remaining stock at $38 a share we are not there were at $36.43 with a 24% grain, the deals value just over $2 billion. amazon may be in their market,
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down 24% from a six-month high but the tentacles are stretching from the internet to new brick-and-mortar stores the company helping them take everyone desires filled, smart warehouse real estate giant, the ceo is here being the landlord during the pandemic. and what is happening with the supply-chain issue, ge just played the supply-chain on the revenues. we will get more from the ceo coming up. closing bell 48 minutes away, is this a repeat once again the dow is up 61 points after having been down more than 800. ♪ ♪ ♪ 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,
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liz: take a look at this one of the a's and the things firmly and bear market territory down more than 23 and half percent since july 1352 week high and it ain't apple. amazon strop is not stopping the e-commerce giant from a grand plan today to bring the no cash or amazon go stores to the suburbs. the grab and go grocery store will open a second location with all the land and a walkout
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store, the call just walk out because you don't talk to a cashier the open would later this year in millcreek washington 20 miles northeast of seattle. where there is a store there's gotta be a warehouse, amazon's landlord is the head honcho of warehouse logistics, 1 billion square-foot portfolio on four different in 19 countries around the world, has 2 trillion worth of goods flowing to the warehouses. it is also a big link in the supply chain. in a fox business exclusive we want to bring in cofounder and chairman ceo. i will write with this assessment were this a store there's a warehouse, and what might this mean. >> absolutely there's always a warehouse somewhere for everything. ultimately where the goods are placed whether comes directly to your home or a store there is always a warehouse supporting up and down the supply chain. i see increasingly retailers the
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omni-channel the bricks and mortars know how to do e-commerce and e-commerce players are going to do brick-and-mortar. i think there will be a blending of the systems. liz: i think you're right, we are seeing that in amazon takes the lead into original e-commerce site and now it realizes we can disrupt the storefront opportunities it experience. what i find fascinating, your business in particular your stock is up today you're not correction although last i checked year-over-year, as you look at exactly what's going on on the landscape you guys said that you basically sold out your warehouse inventory in the fourth quarter and you said 98% of your properties had been leased by december of last year, that is incredible what should
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that tell our viewers about the economy right now? >> first of all the economy as best as we can tell is very strong and certainly the good of economy that is strong i wouldn't want to be in the experienced economy although i think that will end up being pretty strong once we come out of omicron. every sign that we see points to the strength of the economy. on top of that there is a real shortage of space because the supply-chain are growing because of e-commerce because there's much more warehouse than brick-and-mortar retail because you are shipping parcels you are not shipping pallets into stores. each unit of sales takes a lot more warehouse space and e-commerce that percentage has gone up and up over the years. then you have to add inventory to build resilience of the supply-chain. the combination of those two factors has taken the good business and made it a great
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business and of course on the supply side it's very difficult to build warehouses and markets where people live and consumed. so the combination of a strong demand and high supplies leading to price and power and good earnings growth. you started out by talking about the stock price, i don't really control the stock price but the earnings have been growing rapidly in the last decade i would say and even stronger growth going forward. liz: how does the supply-chain and the tingles within it see to what we are seeing right now. you also have big names like home depot, fedex, ups, cisco, the food company cisco as your biggest customer certainly some of them and they are package intensive, how are you seeing the supply-chain through the window of january 2022.
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is it loosening up a little bit is a logjam very tightly in place. >> when you put aside the pressure of the shopping season and compare it to last september or october i think we are essential in the same place maybe a tiny bit better but the pressure of the christmas season really made a bad and the ships parked outside of the board of l.a. and it was a great story. but those ships are still there there just parked further out into the pacific. and that is not the only place in the supply-chain that is clogged up. there is a trucker shortage and the stuff that is piling up imports. in piling up and warehouses. whenever you have a shock to the system the supply chains that have been optimized by engineers to some degree are built to dealing in a certain
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environment. and uncertainty just throws the whole thing out of whack. that's what were dealing with it's going to take a while for this to straighten out for sure is. liz: our meeting as we speak and this hour tomorrow we will find out how aggressive or not they might be about raising rates. as a businessman who deals with real estate supply-chain and product moving all over the place, what would you say to the federal reserve? >> i think it is prudent to reign in some of the qe that we've been having. this business of expanding the feds balance sheet forever and keep the rates as negative rates in the real terms, were gonna have to pay and i think dealing with it sooner than later is the way to go. the market doesn't need to be to freak out with inflation, the ten year bond is still 2%, which is a little bit higher than what
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it was a year ago or year end a half ago and if you look at the 40 years of my career is probably the was to suburban by quite a bit. the academy can handle it there is enough strength there a little bit of headwind from interest rates. liz: thank you for being a businessman who think about the country first and then your business. i think that's really interesting it's quite true we need to tamp down inflation that might mean higher rakes and expensive borrowing. please come back we appreciate the perspective. >> nice to see you. liz: one breakfast staple is about to cost a whole lot more because of something that has not even happen since the allied forces putting into world war ii. what were going to do is take you live to in orange grove in the sunshine state as oranges are quickly becoming a very hot commodity. closing bell 37 minutes away
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♪ liberty, liberty, liberty, liberty. ♪ liz: we told you this hour every single minute count. a second ago over commercial the downturned negative it is still down one point a few seconds ago, can we show an intraday? as we are looking at this as crossing a flat line right and left. it seems to be where the dow was hugging and now it's on 22 points. orange juice features, prices are putting the squeeze on your wallet, what is going on frozen orange juice features rose 6% in
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january translate into higher prices for the must-have breakfast staple, the florida department of citrus forecasting this year's harvest will be the smallest since 1945. phil keating is important to tell us why the harvest is so puny, what is going on. >> it is a tiny bacteria that you cannot see with the naked eye when you pour yourself a glass of oj you think that taste like florida, 15 years ago you would've been 90% on the money that was a market share back then for the oranges grown in florida today it's down to 50% of the national target. all of that can be blamed on devastating hurricanes development, all killing and wiping out a lot of florida's oranges. now the disease the bacteria
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passed by tiny bugs tree to tree and across the state. this is the worst year of production and 75 years since world war ii that is fewer oranges were picking and more bad oranges rotting on the ground. that is nearly a billion dollar orange industry. the generation citrus farmer have survived all of the setbacks but he says greeny diseases like a cancer in the biggest threat yet to all of those making a living on the sweet fruits. >> that is rotten on the tree but this stamina is dying where it attaches to that piece of fruit. >> how bad is it for guys like you? >> it is bad. >> were seen every year go down. >> florida's orange farmers in the state have invested hundreds of millions of dollars in the research and pesticides to combat greeny disease and keep the juice on your table. the challenge is daunting one way to slow the spread is
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burning infected trees, despite the situation for the department of citrus remains optimistic. another decline is difficult it also reflects the reality of our industry. we have no doubt florida citrus will be a key part of the state's economy and legacy for decades to come. 90% of all of the oranges grown on florida orange trees decompressed, smashed and squeezed into orange juice, the table fruit comes from california and mexico for the most part. as for the price for consumers as is the case with everything and inflation has driven up the price of all including jews. however, experts in the industry think the greeny disease issue is not necessarily going to lead to an increase in price because there are so many oranges and orange juice coming in from brazil, 13% of the sheer as well as mexico. liz: phil, thank you very much. the story is important to our
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investor coca-cola owns minute maid orange juice and pepsi owns tropicana but they're planning on selling that even though the juice prints delivered approximately 3 billion in net revenue last year. phil keating, thank you very much. cyber warfare being fought in the cloud and one company has a cyber defenses to fend off the attacks. were talking money lost or money saved, the ceo is here exclusively to tell us what he's doing to protect the data of companies from amazon to microsoft to google from hackers who the u.s. government is warning today may be coming out of russia. the closing bell ringing in 28 minutes. that was fun while it lasted the dow is down 57 points after a run up of more than 200 points. the s&p low whereby 42 in the nasdaq down to 39. we are coming right back. ♪
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liz: look at the screen if you're wondering why the s&p cannot answer the nasdaq cannot get out of negative territory it is because peloton is dragging it down it is the logger at the bottom of the nasdaq right now 9.8% shares are tumbling in yesterday's report with blackwell's capital ceo john fully removed, that is to pressuring the stock peloton down 24% year to date. check the dow down 93 points, tensions between ukraine and russia reach a boiling point a group of hackers from belarus who called themselves the cyber partisans sent out a tweet today saying they have targeted national railway company in effort to hinder russian troop and military equipment movement heading to ukraine.
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this is the u.s. cybersecurity and infrastructure security agency sent out a warning to all american companies and government agencies warning of an imminent threat for a cyber attack. u.s. companies estate of cybersecurity resilience report there were on average 270 cyber attacks per company last year, 31% increase from 2020. with companies on edge, what are data storage companies doing to help them prepare joy to be in an exclusive interview george carrion. i'm glad you are here, obviously the big news has been very, very focused on what is going on with russia and ukraine, net app is the first storage platform to get nsa validation for security and encryption, what does that allow you to do for your customers. >> it is an indication that we meet the world's stringent criteria for protecting
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company's most important data from cyber attacks. were excited at the recognition of our capabilities. how do you do that explain to our viewers. >> i think you mentioned correctly as businesses have moved online driven by the needs responding to the pin to make cyber attacks have grown and they have grown over many years but particularly over the last couple of years. more and more those attacks are focused on the most important business and their data. what we built over many years is a set of capabilities that allows business to detect a ransomware attack for example and be able to prevent the spread and most importantly to recover from such an attack.
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>> every company has more vulnerable during the pandemic because they had to migrate in big part of the cloud, there are a lot of companies in the past that did not have a digital migration opportunity. i know your business as well as your competitors has been extraordinarily busy, the interesting thing you partner with aws and google cloud and those being your competitors, talk about the increase whether you are still seeing the same amount that was so hot during the lockdown, what are you seeing now? >> our business on the cloud has done really, really well for many, many quarters, we laid out a plan to reach a billion dollars of annual recurring revenue in the cloud and a few years out we are doing well against a target. i think because we brought the data protection and data storage
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tools that we are so well known for and works closely with the providers like you mentioned, amazon and microsoft and google this allows the customer on the most important asset and you have the protection guaranteed recovery in case of an attack that we are so well regarded for among the trends that a lot of customers of yours in companies all around the united states that is obviously the data cloud in the sky. what is it that net app offers that the hybrid cloud is very secure and also quickly assessable. that is what companies want they want secure but they want to access their data at the point of it i. >> even the digital world with
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the basis for competitive advantage and what we do is give companies the ability to have a completely integrated hybrid cloud so they can move data to where they need it simply by driving and dropping the cursor. you can move data from your data center to the public, you can move it from one cloud to another and that allows us to have businesses bring back to market factor in response to the pandemic and how motorcycles reduce the time it takes to build a motorcycle by after 30%, a really important milestone in helping digital businesses move at the speed of business. liz: before we go, i don't know if all of our viewers know your twin brother thomas is over google cloud, what was in the water at the household is there any rivalry when it comes to cloud leaders?
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>> were best offense with google cloud and amazon and microsoft. the magic was her mother she was a phenomenal human being and all credit goes to her. liz: you know what, moms, thank you so much. we are watching the stock and clearly as we watch this entire field of pandemic has definitely shown a very bright light onto it. new signs abided a administration may be gearing up for crackdown between big tech companies and even meat producers. charlie is breaking that next also going to look at amc stock which is on the move into brothers took one idea and made it a total fortune, brian and michael, cofounders of a wearable blanket the gigantic wearable hoodie things, they
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join me on everyone talks to liz podcast find out how they turned an old sweatshirt wrapped around one of their seven -year-olds into one of the most successful short take products of all time now their millionaires as even everybody questions what are you guys doing, you do not so, you can get on apple, google, spotify wherever you visit your podcast, > in 17 minutes up 14 points. stay tuned. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
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of debt much incurred during the pandemic as theaters were forced to shut down. the wall street journal says the nation's largest movie theater chain is trying to get rid of its bonds which carry high interest rate but multiple interested parties currently amc has $1.7 billion in liability in addition to five and a half billion in corporate. shares of amc dropping 3% dropping for the ninth consecutive trading session. the pain may not be over for amc anytime soon, what are you hearing. >> first off there is nothing new in the story there is no details out there as to what the restructuring will be i covered restructuring for many years adam aarons already restructuring that the devil is in the details and they have a productive details. one thing i think is out there and this is interesting the details are still being worked
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out, if you know anything about debtholders there is no fiduciary responsibility to the company and no fiduciary responsible to shareholders their responsibility is to themselves and their clients and they are first in line in the capital structure and any liquidation. you have to ask yourself what will it make the debtholders give up some of their place in line to restructure the debt on a convertible package, i heard that from restructuring bankers. that convertible package would have to have a fairly significant deal, there is a good chance the price of the stock today is not going to be the price when they can essentially execute the conversion. this is a numbers game adam
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aarons is going to have to come up with something significant previous 5 billion in debt and it's an 8 billion market cap company to restructure you might think it has to go down a little more to make it more appealing but this is not quite be great for the company. it would be nice to get it debt off the books but the bondholders are looking at it this way this is a company that is burning cash. a company whose box office today is more than 2020 obviously but it's less than pre-pandemic. this is a company that has a lot of problems despite the whole thing with the apes and where the stock is trading. if you're a debt holder you're betting that the stock is probably going down from here and that makes this restructuring all the more difficult for adam aron hill have to give up more and sweeten a lot more because they don't want to give up their place in line, they are number one. liz: wakonda forever in maverick. those two combined might help
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save the day, two huge movies that are anticipated to be blockbusters. liz: you need more than two, pre-pandemic was always more than two, they do have blockbusters and that's a problem with the box office if you look at net net from p pandemic to now, back then it was multiple movies. now it is one and is not a pretty situation. this is a company that is in need of restructuring. the best way to do it generally, just so you know is in bankruptcy, not chapter seven but chapter 11. keep an eye on this despite the stock prices into trouble company ended up be interesting to see what they come up with an restructuring. back to you. >> i do have an interesting thing you know what's fascinating about what's going on in the justice department right now how the biden administration is lowering up for white-collar prosecutors. there putting ads out in the
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looking for people that can be first chair in second-tier lawyers, here's one of the want ads first year in second-tier lawyers are the guys and gals to argue the case in court. that's what they want there putting a lot of ads in multiple positions for crackdown a white-collar crime including antitrust, that is a big one but also could be the meat industry as joe biden has come out and said there is a collusion and meet prices and meet manufacturers after the prices are so high. the stuff is happening. liz: lawyers on the lookout. will be watching corporate bonds today's countdown closer says corporate bonds are the way to go to keep your portfolio from falling to the market villains. right now with the dog on 119 you might have to hear what he has to say. > in seven minutes, the dow down
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voya. be confident to and through retirement. ♪. liz: well, folks, we've got an eye out for this, but unlike yesterday when everything on the screen has turned from red to green we do not have that right now. at the moment, the dow well off the lows of 818 points to the downside, down 41 points, and s&p down 49. nasdaq down 303. remember, the nasdaq yesterday vaporized 5% deficit look at the dow on far right-hand side of the screen, it has changed up and down crossing the unchanged line more than 49 times since the top of the hour. there is a lot of indecisiveness. investors are not as confident about bottom picking, bottom-fishing, rather, good,
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liz, bottom-fishing as they were yesterday at this hour. microsoft earnings after the bell. that will be a big one. that may set a new tone for the markets tomorrow. as stocks continue to fall under pressure from the federal reserve which of course is meeting right as we speak, corporate bonds are showing no sign of panic with the i-shares, i box investment grade corporate bond etf. as we look at it now, ticker symbol, ltd, liquid, down a quarter of a percent. we can all that at $128.14. our county "countdown" closer has specific plays to keep it safe from rate hikes. we have scott kimball. scott. let's get to it. these are corporate bonds for stocks that many of us have heard of. >> absolutely you made excellent point i hadn't heard earlier the dow cross unchanged 49 times.
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time investors would look to produce cash flow, keep pace of inflation, keep them in a little bit more of a predictable protection. that is why corporate bonds are here. liz: let's just do a quick primer here with the short time that we have. investment grade, bbb minus, what it used to be a couple years ago. is that still the case. anything above that what people want to look at, doing so which corporate bonds do you like? >> so you're absolutely correct, anything that is rated bbb or higher by one of the ratings agencies, moody's or s&p for example, are what which call investment grade. things below that, double b, trip bill b, triple c are junk bonds or high yield. we like across the universe live in both worlds. they have investment grade by one agency or high yield by another or some cases we like good old-fashioned high yield as a way to keep pace of this market energize battery, vista
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jet, cruise lines. we're seeing vista jet returning 7%. as we look at the market. scott we look for your ideas. [closing bell rings] the dow, zap zap, nasdaq will not pull what happen yesterday. fed decision -- ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so inflation is taxation without legislation. that quote according to the great nobel prize-winning milton friedman many years ago. milton said inflation is the cruelest tax of all. so we're petting taxed to death with a 7% cpi after joe biden's first year. donald trump left him below 2%. trump of course was a tax cutter, yielding great prosperity. biden is
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