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tv   The Claman Countdown  FOX Business  February 2, 2022 3:00pm-4:00pm EST

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the earnings and consist of 12054 cents only $9.69 three months ago, keep that in mind, the market trading at the highest range eight days in a row 1% moves yesterday 50%, right now a 40-cent point spread on the s&p but were rallying into the close and that's where liz claman will hold your hand and help you get through. liz: is like the beatles, hold my hand, didn't we say if anything could stabilize the markets it would be great earning for mega cap and we got them. liz: will see what facebook can do its part, microsoft, apple and google they more than get theirs. liz: i like your assessment on spotify i found that interesting. on this groundhog's day investments don't appear to see another six weeks more of frozen over markets the dow, s&p and
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nasdaq are looking for the fourth straight day of gains. the dow up 192 the s&p of 35 and nasdaq holding onto 46 points of gains and had been doubted the red the rally sparked by google blowout fourth quarter report and shocking but welcome 241 stock put ahead of meta and amazon's quarterly reports a full breakdown of google's goliath and what names might hold the power next google 1800 flowers shares under the pressure of the supply chain and high inflation. chris mccann is here to tell us if his company might find more love on the street ahead of the valentine's day brush. you might want to rush this is deeply discounted. if you're not buying the tech of the future trading we have got the etf's for you total capital management is here to tell us why he created the anti-from spark which is short for
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12 billion-dollar arc innovation etf. first we have the breaking news, take a look at google and 8% gain as we kick off this final hour of trade google. alphabet is within spinning different entry distance of the second company ever to reach a 2 trillion-dollar market cap. at 1.8 trillion right now apple is nipping, alphabet is nipping apple to reach 2 trillion after the company blew the lid off earnings and revenue expectations. the real rocket field powering the stock to all-time highs the 241 stock split that will take effect after the close of business july 15, right now alphabet is up 223 points and that is 241 stock split. why do people love it so much it allows the stock to suddenly become cheaper and that helps the mom-and-pop investors who could get it. let's get to susan li at the moment, she actually got the
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story straight from the horses mouth. >> i spoke to ruth and we spoke about a lot of things including crypto and block chain and i'll get to that in just a bit. right now wall street attention is a 241 stock split that will bring down the product enterprise of the stock from $2000 to 140 or so, that would be the cheapest as 2005, and i asked ruth why are they doing this now and she said the reason for the split is for some investors it makes our shares more acceptable and we thought it made sense, the timing of a given the need to increase the number of authorized shares in order to affect the split by the summertime. stocks are getting a lift from the record earnings last year end the final three months of 2021. i counted 14 target price hikes with 3450 be an average call and raises all the way up to 3600,
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in the meantime you heard alphabet is definitely looking to build a block chain and web three product something that you talked a lot about on your program and cfo is telling me the block chain as i talked about it before is a very intriguing and powerful technology is broader than one application or use we are very excited to explore how we contribute and add value and there are a number of different ways, cloud team invested with support that our customer needs and building and transaction and storing value, that is a pretty strong hit that might include google cloud accepted crypto payments in the future and alphabet is hiring in the building of teens for the block chain feature and probably helping to extend the record year that they had in 2021 into the future and the crypto world. liz: i am just looking there is
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a higher press target hike ubs raised from 38023900 and the stock is at 2981 we shall be watching to see when it jumps to 1005, thank you. he is good to be the next big tech name that could drive the market's direction, meta platform support, fourth quarter numbers slipped 1% from $3.84 while revenues search 19% to $33.4 billion. also investors are going to get to look at the books on qualcomm apple supplier and allegiant travel which is important that will give us a sense of how and whether travel is really coming back and by how much. so for the earnings report card looks really solid 43% of the s&p 500 is reporting 77% have beaten up earnings-per-share while 76% has beaten up revenue,
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helping the nasdaq stabilize but the tech heavy index needs about 272.2 hoisted herself out of correction territory right now it's up 8% from the correction lot last thursday let's get to our floor show traders teddy weisberg and scott shellady, were less than an hour away not just from qualcomm, mobile spotify and in the amazon report proved untrue between now and then is it an earnings driven and who should investors watch for when it comes to taking the market q. >> right now it could be earnings driven until we have headlines that might take that away like the fed that will keep something to keep her eyes on, what susan li just said in july when the google shares split 20 - 1 do you think were gonna be higher or lower than we are today come july. on top of the 20 - 1 split that's a pretty compelling
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argument for me then i look to other things that might happen, amazon this market stabilizes and the fed does some rate hikes and continues to stabilize a more, since the beginning of this country and over the last two years we printed 30% of the money that is out there there is a ton of money you can get negative in the short term but say between now and july if we have a stock which is amazon or something like that i think those things are very compelling and a lot of the jews behind google was the split, the numbers are obviously great, lastly these things are going to change i think dollar tree is another one i kind of like that will do well, they raise their prices, if the economy stabilizes that is one that could benefit. liz: margins, that's a really key area, all that scott outlined with all the money we also have the backdrop of an improving economy we have the
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avp of private jobs report it was a huge mess the expectation of 134,000 but it came in at a loss of 301,000 on the payroll and getting the jobs report from the labor department the official one friday this could be an outlier considering with omicron when people call out sick there counted as jobless which is in exactly the true story with a better economy out there which names do they can drive the market and move beyond the fed news or more tensions with russia and ukraine? >> first of all the whole tech sector which is been starting december and clearly january the whole market was week in january but it really got beat up i think there's a major sector going on and we saw in the portfolio performances in january. those portfolios that were tech
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focused got really hurt badly in those that were not got hurt but not nearly as bad. even now google was terrific but you haven't mentioned paypal which is down 25% and it was already weak in today's earnings were not priced in because they were not good clearly it remains a mixed bag with the tech stocks i'm not sure i have the strength or enough money to go fishing in the area. eventually it will stabilize and hopefully they will come back but i think investors have plenty of money to be made those groups that were very strong all you have to do is look at the new high and new low list and you can see exactly where the strength is and where the weakness continues. tech is terrific and that led the band for the last couple of years but it doesn't mean it aleta going forward and i think investors should change the
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focus perhaps to energy in the financials into the insurance stocks because if you're right about the economy and the economy is going to get stronger that is more pressure on interest rates going higher not going lower and the fed has clearly changed his position and if we don't listen to the fed we will be sorry. liz: indeed you have to listen and read between the lines the ten year yield 1.77% and the reason were get into a deeper dive into paypal just a minute, and absolute dumpster fire, down 24.5% at the moment we haven't talked about the commodities that are still very much a thing since october 2014, obviously we have people shelling out more and you balance that with ever wage gain and you might have a slightly not weaker but were
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concerned and cautious consumer, you still like the dollar store, what else? >> to teddy's point you brought up energy, crude oil and particularly that is up over 50% over year-over-year. i say here and look at a lot of the commodities this food issue is getting dicey, we've seen a big rally of corn, soybean, wheat that will only make things more expensive as well as the meat beef and hogs, although that be more expensive to the consumer at the grocery store and more expensive for the grocery store at the pump. that can be the final one. if you see the fed start to hike by 25 basis points at a time but you continue to see rallies and food and fuel i am afraid that that could make those interest-rate hikes and we can have a situation with higher rates but hasn't done attentive
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inflation. liz: time will tell that the classic line, time will tell. great to have you both, down untrue dow jones industrial trigger points, the flower that follows the sun so even in cloudy days, that is the famous quote depicting the situation at 1800 flowers.com to shake off a pretty horrible quarter with valentine's day get ahead in its site, chris mccann is going to join us next and give us a preview of what the sales are starting to look like closing bell is ringing in about 48 minutes, we remind you that, facebook i believe teddy didn't mention that's the name he's watching the most he loves facebook, meta is looking at the moment, up one in a the present. "the claman countdown" is coming right back. don't go away.
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paypal is suffering the worst one day percentage client on record. shares diving 25 and a third% after the mist on earnings-per-share oblique forecast and abated its target to double the active user base to 750 million accounts. here is where dan shulman put the blame and it was not on management. >> the factors dating back to our results supply chain issues disproportionately impacted our border volumes in our small business merchants. inflationary pressures impacted spending within certain segments of our user base. liz: of course paypal was not the only company to report disappointing numbers, 1800 flowers had the worst day ever siding inflation and labor cost there is a huge weight during the holiday season with valentine's day with around the
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corner can the company survive the wilting stock. a fox business exclusive 1800 flowers ceo chris mccann. the last quarter of the year is like a super bowl for you guys guarantee participation with fans sending holiday gifts one thing to miss but a 25% on etf. >> it was a tough quarter the inflationary pressures that were seen across the retail industry they persisted and escalated throughout the holiday we budgeted for increases but it wasn't significantly higher than that especially in areas like ocean free, there's still hundreds of books in the l.a. porch waiting to get in we are seeing labor rates continue to escalate in availability of labor to be a great challenge. as we look at those challenges that aren't going away tomorrow we will have to manage through those bullied by optimism
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without the future enter business in the platform that we built over the last three and three half years if we double the size of our business and at the same time transform what we are as a company being retailer in the e-commerce. we really continue to grow, we have good momentum going in our way we have to figure out how to manage the inflationary pressures and make sure we can pass this along to the consumer. liz: i get that and for people who don't know you're the parent of harry and david charles cookies, the popcorn factory i was ordering over the holiday but can i push you on blaming the shipping rates, et cetera for example we were looking at her sachi michael kors capri holding that a major earning, 24% revenue growth, they were able and they do a lot of
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shipping internationally and through asia. where is the disconnect? >> there were some shops that managed it will and some that had more than a challenge. historically we've been able to mitigate or cost very well. i think because of the speed of which the escalated this year it clearly was a challenge for us and we anticipated and to pull back on a marketing cost is another area escalated beyond expectation of most retailers after and beyond our expectation. were still able to acquire 1.8 million new customers and enroll 350,000 new people new members intro celebration loyalty program. again while we work through the challenge were building for the future and it looks like a very bright future for this company in the platform that we built. liz: can i get to the near future, valentine's day and shortly after that mother's day
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can the valentine's day numbers what do you see trending can they erase the problems and all of the concerns that many analysts have were in some cases they cut the stock price from 60 down to 20. >> amongst all the challenges we think valentines holiday could shape up to be a big holiday, several key indicators and they put out about a 9.5% increase year-over-year, that is encouraging that on top of the fact that were tearing down momentum of 7.5% growth last quarter and on top growth of 44% in a 55% growth of two years ago it's a optimism that we are carrying forward and looking at this and the opportunities here valentine shifts from sunday or weekend day which is the worst day of the week from a monday which is not the best day but
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it's better than monday so we have a couple of tailwinds to the valentine holiday. plus the wonderful product that we bring to the table for our customers every single day. liz: i will tell you disappointed investors because you've done so well over the past couple of years. i get about will watch to see how the valentine's day numbers come in, thank you so much for coming on. >> thank you and happy valentine's day. general motors driving into the evening future like an all electric gmc hummer, details on how the great american automaker seasonal playing out and wait till you see where ford stands on ev sales, blowout numbers we're coming right back with a close involving getting 38 minutes the dow increasing gains of 225 points. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further.
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liz: shares of advanced micro devices are on pace for the best day and more than 18 months. we have them up 5.5% they are very close at the top of the s&p 500 after the giant forecast 2022 revenue above estimates siding big demand for the higher-margin data center server chips wall street raising the price target, bank of america pending at $190 a share 123 right now this stock had dropped to $100 back on october 4. it has come back bank of america believes that all were higher. success giving chipmakers nvidia and of course ahead of the earnings qualcomm at the moment up 5.8% nvidia 52 and a third% and technology up 3.8% pre-general motors sputtering at this hour we have it down about 1% after reporting mixed fourth-quarter results the
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automaker posted better than adjusted quarterly earnings. the revenue fell short of wall street expectation gm did say he plans to send more than the $35 billion is that it would spend through 2025 to speed up launches of new electric vehicles perhaps that decision after gm secured 110,000 reservations for the all electric chevy silverado. ford repointed earning tomorrow could not wait to have the growth in ev sales ford electric nearly tripled in january even the u.s. vehicles overall were flat year-over-year. electrified sales 167% in the mustang all electric is the second best selling ev as she be right behind the tesla model y, peering back by a half 8% rate even after the estimates on revenues and lowered the 2022
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revenue due to omicron killing the bus match group owner of dating sites among tinder, okcupid hopping 6.5% right now. jeffries points out the revenue guidance from 15 - 20% growth is better than expected given the virus worries that are in overhang. you guys know this along that there's a short but kathy woods the darlene of tech stock had to know what was coming me demand who launched shark the kathy would etf shorting stock picks from tesla to zoom for chopping down would and her art fund with the closing valerie get in 30 minutes we have the dow, the s&p and the nasdaq towering higher this could make it four wins in a row for these major industries. we're coming right back.
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liz: the nasdaq coming back to life after january's harsh market winter sent tech investors scrambling for cover kathy woods are innovation etf with tesla, zoom, robinhood, spotify, unity software down 22% for the month. if you are not i kathy would believer, there is actually now a way to play that an anti-arc etf called saarc, short arc the short innovation etf which bets against the ark fund. the stock moving higher by 4.9% extended $45.90. to the guy who launched the fund on november 9 total capital management ceo and cio matthew title. you're doing great today kathy
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wood was doing brilliantly last year. i'm interested to know when you took the plunge and thought we should do this in short all of these names within the 12 billion dollar fund. >> we came up with the idea over the summer and it came down to three things, first was the demand we started looking at it and it was $2.7 billion that was directly short and the beginning of the summer. that stood out. was looking at the current macroenvironment where we know the fed is going to raise interest rates, it's just a question of how many times. we know that type of environment is toxic for speculated technology stocks. the other reason, it is just a better hedge we knew the market was due for some sort of correction. at some point we're gonna have a
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bear market again and did any of those environments i would rather be shorting zoom, tele-dock and dock you sign then trying to short the s&p of the nasdaq where you shorting the same stocks. liz: how does this work i want our investors to know for every move downward in the ark innovation fund sark moves up one? >> that's exactly it we have swap exposure directly on arc not the underlying holding that the fund itself in the one day. we are tracking pretty much negative one-for-one what they're doing. liz: i'm interested to know where you get your confidence if you look at some of these names short-term unity software might
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look a little nerve-racking for investors but long-term we've looked into that stock we've talked to john and we see the huge opportunity, they have subscriptions coming up the walls it it is not cheap to subscribe to unity software and people are running to it to develop the game. longer-term view think this is a shelflife yonder a year or two. >> the answer is yes. here's why we look at this not necessarily something i say by you and hold on for five years, we look at this as a tool if you look for example there are plenty of etf's short the nasdaq and s&p those are designed, i currently have a negative market outlook so for the time i had the negative outlook i'm in a put on this that or i'm hedging something also my portfolio.
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that is what this is designed for. i'm not saying they're gonna or 40% over the next five years what i am saying if they do that it's not going to go up in a straight line there will be a lot of volatility in this fund one way or another and this is a great tool. liz: is a trade it's a tool for training i'm glad you put that into perspective that's really important if you look at shorting capping her fund is really her she has become the face of that fund have you heard from anybody over there or her perhaps? >> i have not we will be at the same etf conference in april. you never know but i haven't i said multiple times that this is nothing against them i have great respect for kathy would
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and this purely is investors needed tool to go in for a speculative technology and it did not exist in till now. liz: matthew you done this before you have a fund that short every company that went public, how is that doing? >> that is doing great and few would expect we are shorting an index of 25 companies that come public through stock mergers and if anybody watches the market at all you know a lot of that stuff was the worst of the worst. same thing that the tool that is similar to this. that is something that you could hold onto for five years because some of the companies are going to 0. liz: listen it happens and like we said the short-sellers balances market in certain ways. i find it interesting and we
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will continue to watch. thank you. liz: thank you for having me. >> arc versus sark. a high profile executive tumbles from the media empire because of inappropriate relationship with a coworker. charlie breaks it on the fall from grace and whether he will land on its feet somewhere. from a kid growing up in harlem, speaking on landing on your feet to joining the air force enjoining the most trusted successful news anchors in america. look how much fun we had together my friend charles payne hosting money with "making money with charles payne", everyone talks to list podcasts i want you to listen to this podcast and incredible story and unbelievable storyteller and how he tells about his journey is unbelievable. you could download on apple,
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google, spotify wherever you download your podcast. closing valerie getting 20 minutes look at the dow increasing its gains a new session hi of 246. ♪ [ chirping ] ♪ ♪ hearing. it's what connects us to the world. and to the people and things that matter in life. for those experiencing hearing loss, that connection can fade. it can feel like the world is pulling away. it can feel isolating and discouraging. [ indistinct chatter ] hearing aids can help, but for many they just amplify an already distorted world. cochlear implants are different. they're designed to bring clarity of sound.
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liz: new york city earning the title of the crypto currency capital of the world for 2021 apple $6 billion which turned out to be 46% surpassing silicon valley when it comes to crypto valley. number one for overall venture funding. crypto pulled back by three and
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a third% or $1302 to 37458, theory them down 3% and a theory them down 2.7%. this alert cnn has named an interim leadership team after jeff zucker the president of at&t warner media news and sports division resigned after acknowledging that he failed to disclose a romantic relationship with longtime colleague allison gaullist, according to a report warner media jason kyler says three top cnn executives will assume his responsibilities until the merger is complete. the into his nine year, ten year as their merging with warner media with discovery with a spinoff of the merge group in the second quarter of this year, joining us now for more on this charlie gasparino. >> i thought he was out earlier during the chris cuomo and i
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thought it was his lack of leadership during that time say what you want about advising his brother during his sexual harassment investigation jeff decker knew most of that behavior chris disclosed it to him. the one part he said he did not know about was aspect where chris was calling about the reporters to find out what they were writing about his brother trying to find about what they were saying in the sexual harassment charges. i always thought that was it for him. david the gentleman who runs cnn by discovery is a friend of zucker's so that helped him at that point. this is where they could not look the other way and it came
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up during the cuomo investigation. part of his investigation involved with the top firm during investigation. something involving a sexual harassment claim against chris years ago in my sources at the company at cnn tell me there's no doubt that chris brought that up and said if you could hit me with this, which he denies, how about something that has been so blatant forever, not just since covid according to the people i speak to that jeff has had a long time consensual relationship with this person for a long time. and it's not just two years is been going on for a long time, it was an open secret, is there anything wrong with that, i don't think so but i'm pretty sure there is something in the code of conduct at cnn if you're going to date your subordinate,
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which that clearly is you have to tell the board or somebody and chris i'm sure brought that up. chris wants his money, he wants the rest of his contract he thinks he was unfairly fired. this is where this gets nasty and interesting and very sad, say what you want about jeff zucker, i don't know him that well i used to work for him it nbc phenomenally, he's a smart guy. it's hard to see the damage. liz: here's the thing i know it's hard for you to see the damages but the damage comes with this woman who we had the relationship with was head of corporate communications. if people needed to complain about her, they could not go to him because they knew they were dating together. there are problems read why so
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many other committees have that rule. >> why is that hard for me too understand, it is not hard for me too understand all i'm telling you. liz: you said it's hard for you to understand. >> you could say i see ways hard, i'm just telling you i get that people might feel that they could not complain about her to him but was not really an issue. liz: what about the people that wanted her job. >> racing she's not qualified for the job. liz: i don't know she's apparently very qualified. >> abner can excuse his behavior, have you done the reporting, i have i am not going to excuse his behavior and clearly he would never cut any of us a break if this was occurring here. i know that. i'm just saying i'm worried about the canceled culture where you cannot do anything you can't say anything after whoopi goldberg. liz: honestly were not here to
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judge except when the rule is that the company and the top guy breaks it that is the issue. liz: people fall in love at work. i married my producer, it happens. >> if you fire people for doing the same thing, that is hypocritical, it is hard for me too get outraged over a consensual affair between two high profile, high-powered adult executives particularly if there is no allegation if he was pushing aside and all this other stuff, the bottom line, he is gone i thought he should of been gone under cuomo, that was egregious from a journalistic standpoint you mean to tell me it's okay he gives okay for chris cuomo to advise his brother on the side but as soon as he hears that chris cuomo made a call in the story about andrew then that's one step over
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the line, that was not and that's what he should've gone for i'm just a simple country reporter, what do i tell you. liz: he's quite a leader when it came to managing newsrooms. charlie gasparino. groundhog's day and punxsutawney phil see six more weeks of winter but today's countdown closer has some pics that could get portfolio out of hibernation early. > in eight minutes, the dow is gaining an s&p up 40 points that is good for one percentage point of the game and the nasdaq holding onto 54 points were on track for four straight day wins for all entities. ♪
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♪. liz: okay, my friends we're looking at closing bell ringing
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in about four minutes. dow, s&p, nasdaq on pace for a fourth straight day of gains. google parent alphabet, it hit intraday record on absolutely boffo earnings. the report was great. the rocket fuel coming in the form of a stock split, 20 for one. it must finish above $2996 a share to see a record close. we're at 2962, not quite there yet. intraday high today, 3030 for google alphabet. pushing higher and higher to the 2 trillion-dollar market cap. punxsutawney phil saw his shadow. that means he predicts six more weeks of frigid winter. will the market see six more weeks of volatility? let's bring in our "countdown" closewer 18.4 billion with assets under management, scott kube. a few more weeks of punxsutawney phil style volatility or are we
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seeing stabilization here because of good earnings? >> we're seeing some stabilization in the short term. i'm expecting the vol tilt to continue. feds put a lot of uncertainty into it. a lot of uncertainty with all the virus, vaccines all of that as well. i would expect the uncertainty around rates to affect stocks. we're coming off two great years. we should expect greater volatility than we've seen in the past. liz: two great years and a pretty good economic backdrop. are you comfortable with a quarter point rate hike? don't we need to rip the bandaid off to get that going again? >> i think the slower approach is probably a better one. we know there is a lot of exposure. a lot of people have pushed their risk up and a steadier approach for the fed is predictable and i think it is positive. there have been a lot of fed governors talking about the possibility of 50 basis points. that is something they might do in the first or second hike. my expectation is only for three
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or four hikes, basically 3/4 of 1% increase next year. the expectation for seven hikes look to me to be absurdly high given the overall weakness and the fed's desire to shrink the balance sheet faster than last time. i don't think they want to get where they were before with inverted yield curve that raises risk of recession and a lot of curve. tamping down that source of volatility and uncertainty and slower steady hikes and balance sheet reduction that starts earlier than expected. liz: so you have got 18 billion in assets over there at carson. you're obviously doing a lot right. what do you like right now? >> you know, i'm glad you used the word boffo. i got made fun of using that at a presentation recently but it is a great way to describe what is going on at alphabet. they're tremendous organization, extremely strong. you look at the business results. that is a beautiful business continues to work and benefit from the long-term trends
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towards more search, more websites, and do it for a lot more years thank i think any of us expected to grow at this pace. just a fantastic business. i think another one tied to this, i'm always looking as a strategist for tie-ins to big themes and one is network security. with people working at home that starts to change how we have to do network security. increases the overall stress but also you get situations where like with north korea and russia both potentially being more adversarial especially if something occurs in ukraine, we have a particular response where we support the ukrainians in some way i think that might cause risk and concern about hacking increase. liz: gotcha. >> that should feed well into palo alto networks. that they do a fantastic job and grow at a good pace for number of years with the trend toward security. liz: with the dow, s&p, nasdaq, not a bad session here, making
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it four in a row. scott, our thanks to you. paypal, you guys, this is the ugly one of the day. paypal looks to close down about 24 1/2%. [closing bell rings] the worst percentage stock on record for the stock. there goes the closing bell. we're wrapping up the fourth day of gains, fueled by google and tech stocks. met at that earnings, spotify out any moment that will do it for us. ♪. larry: hello, everyone, welcome to "kudlow". i'm larry kudlow. we begin tonight with the funeral of detective wilbert mora, another incredit bly sad officer killed in the rhine of duty. jason rivera was held last friday. in a packed house in st. patrick cathedral in new york, both funerals took place. talking about this sadness quickly turns to anger at the

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