resistance support form, 13,266. that's a long way from where we are now, but that probably will be the next place it can make a stand if it doesn't know now -- doesn't now. a lot to digest and, of course, a market that was on the way back all of a sudden stumbling bigtime again. liz: you know what? you were just talking about natural gas, which i said, wait a minute, natural gas is dropping. why is coal, that etf, kllb, jumping? look at this, charles, and we're just doing this just as a quick alert, up 17.5%. part of that, because i started to go down the rabbit hole, participant of that has to do with the fact that there's been in this new if report that basically says we will have 20 butter days of extreme cold -- fewer days of extreme cold. so that that's why coal is jumping 17.5%. okay. enough on that. we've got a facebook freak outgoing on in the markets right now.

mark zucker burg's meta collapsing in on itself. if privacy problems and weak revenue growth. the major indices are about to snap a four day losing streak -- win streak, actually, a four-day win streak. the dow industrials down 412, s&p down 93 and the nasdaq down 446. meta, of course, dragging down other tech growth stocks. the nasdaq was was on the verge of exiting correction territory, those gains now vaporized. but another it can titan is about to step up. could amazon turn sentiment around? ahead of the onlinely -- online retail giant's fourth quarter after the bell, we are going to speak to the ceo of of a company who's helping small business owners turn their third party success into booming brand

businesses. and those lines, they're feel long for covid tests as questions about accuracy of at-home rapid tests still swirl. of the ceo of quest diagnostics joining us in a fox business exclusive for his view on the pandemic and how he is accurately processing all those covid tests. but first, let's begin with this fox business alert. what google giveth, the nasdaq taketh away. the tech-heavy index in a hole as we kick off the final hour of trade. so much for yesterday's gain supported by google, it's all just a memory after the meta mishap. the parent of facebook, whatsapp and instagram is face planting on track for the largest one-day drop in market value ever for a u.s. company, not just facebook, a u.s. company. more than 200 billion in market value has vaporized at this hour as the stock drops pretty much to its lows of the session, down

26.5%. meta, by the way, on track to see its worst day ever in terms of percentage losses. if it closes down more than 18.69%, it's going to wreak that record. short sellers saw it coming. s3 partners says that short sellers are up $2 billion betting against meta so far this year. the facebook dumpster fire burning hot due to quite a bit of fuel. first-time user growth ever, that was a miss for the first time, a disappointing sales forecast, damage wrought by apple's privacy changes which will result in a $10 billion charge in 2022, plus ceo mark zuckerberg acknowledged that tiktok and roblox have proven to be for mid -- formidable rivals. all this as it attempts to pivot into the metaverse. that shift is costing hundreds of millions of dollars with no profitability in sight yet. the street's most loyal bull has

turned into a bear. talk about piling it on, jpmorgan downgrading meta for the first time ever saying the company is embarking on a, quote, expensive, uncertain multiyear transition to the metaverse. hedge funds from wellington management to tiger global, no doubt, feeling the pain right now of the fall in one of their big holdings. social media companies that even vaguely resemble any of meta's businesses are getting trampled. rook at snap, down 23%. by the way, snap reports earningsing after the bell. pinterest down 9.9%, twitter lower by 5.6 percent and alphabet google can't escape it even with all its good news, it's down about 2.5%. a massive selloff in paypal shares triggered birdies appointing results tuesday night still apparently has legs. in addition to yesterday's major drop, paypal right now adding to it down another 6 percent.

but can amazon, which reports in just over an hour, save the today for the markets? let's bring in our floor show traders, neil owns just over 17,000 shares of meta, our sympathies at least for the moment, and stephen guilfoyle, sarge just bought amazon ahead of the numbers. i want to start with you. did you have any idea that meant that's news would be so dismal -- meta's news would be so dismal? >> great to be with you, liz. we feel this is a story of corporate evolution similar to what microsoft went through back in 2006 when they started a division called the cloud division, and now it's become a core part of their business. we feel that meta has realized that the charm is not there in social media anymore when there's so many more competitors. so they're a going all out and investing in the future and investing in the metaverse, and we feel that that bet in the future is going to pay off. is we are viewing in this

pullback in the stock as a short-term correction, and long term we still main constructive on it. liz: okay. well, i think that's interesting too us -- because, you know, all of the great moves that have been made in history started with people say aing that that's not going to work, this isn't going to work. but, you know, to see this kind of loss is very dismal. 26%. and they're falling through all kinds of floors here. what would you say to mark zuckerberg if you had his ear right now? because it's also tingeing the entire nasdaq red. >> completely agree, liz. and, you know, there's no doubt that facebook is losing the it factor, right? a lot of the younger folks, they don't want to be on meta, they don't want to be on facebook. they want to go on tiktok and other platforms. but let's not forget that we have a very dynamic leader at the helm, and let's also not forget that they still have billions of loyal users. we had wall street alliance

group do wealth management for a lot of people that are 50 plus, and they are still on that platform, and they enjoy it. so we feel right now the stock is looking relatively attractive from a valuation point of view. it's trading at about 17 times earnings. so i would tell him to stay the course and focus on meta, because i think this bet on meta is going to pay off bigtime. liz: okay, all right. sarge, before we get to amazon, because you just bought it ahead of the numbers, should investors run screaming right now from the dumpster fire that is facebook? and the nasdaq looks really bad too, or should they be running towards what they should see as a fire sale? >> well, facebook has a problem in that the productive part of their business is struggling. it could be fairly valued here. what people don't understand when they justin look at the -- just look at the stock market, there are 5,408 funds invested in facebook. 9 of those funds have 10% or more and 144 have between 5-10%

of their fundal rotated towards -- allocated towards facebook. those funds are all rerating facebook. they have to get together with their risk manager, the portfolio manager, and the strategists, and they have to take facebook down to some other allocation because they're not going to keep it at 5 or 10% that's what you're seeing today. i'm not saying it's not fairly valued here. 61.8% retracement of the march 2020 through september 2021 is move is right around here, only a few dollars lower, so this might be the right level, but i would suggest waiting until next week if you're interested. liz: okay. but you're not waiting until after the bell to buy amazon, sarge. why are you picking it up? i know it's at a 7, nearly 8% discount at the moment, but it's also had a real struggle month if to date, year to date. >> yeah, they're kind of missing jeff bezos, i think. they're in spending mold, we understand that.

i assume there's going to be some margin pressure if due to rising freight and labor costs. they're probably not going to split the cost which i'm hoping for, but i'm not counting on it. i don't think they have the advertising headaches that facebook had because they don't rely on apple for that. i do expect a blowout quarter for aws. i do think they're going to raise prices for prime, folks at home won't want to hear that, but the same move that i mentioned for facebook, it's down a little bit from here, maybe $70 or so, but not too much. i think this is the one stock that if there is going to be a reversal of this kind of -- more than a day selloff, because yesterday the interims were terrible even though the market went higher. if there is going to be a reversal a, it's going to be by amazon. that's what i'm betting on. liz: okay. well, it's down 17%. we're not too far from an entire bear territory moment for amazon, but we shall see.

sarge, a deal, welcome to the show. we love having both of you. thank you. fox business alert, with much of big tech and its subsectors underwater, the etf shorting tech, in particular kathy wood's ark innovation which contains names like spotify and teledoc, is actually gaining. it's up 5. yesterday we introduced you to the capital innovation etf which bets against ark a. ark, obviously, is down at the moment, but we do have the holdings within ark a, spotify, teledock, zoom video down about 5.6%. this as heavy weightings in arrk take a bath, and as we look at spotify, that's been aning e -- an issue. a lot of people were taken aback by the earning numbers that came with spotify. t-mobile standing atop the

index, and it's also one of the leadest on the s&p 500 right now. -- lead leaders. jumping 10.7%. the telecom giant on pace for the largest increase since may of 2020 after impressing the street with subscribe iser editions and outlook. t-mobile forecast 5-5.5 million post-paid net customer additions for this year. and first ca capris holdings and now ralph lauren, raising its estimates for the holiday quarter as demand for high-enitems soared. -- high-end items. however, it did warn that currency good luck if changeses would slice revenue this career. rivian shares are down right now even after morgan stanley ran ab ev survey asking clients which stock they would rather own, rivian automotive or lucent

group. 87% of the respondents picked rivian with morgan stanley backing that choice. amazon apparently agrees, it has boosted its stake to more than 18% making it the ev van maker's large shareholder. rivian, though, down 6.6% while lucent is down just 1.5%. i can't believe they didn't even bring tesla into the picture, tesla shares, because it's up nearly 8 percent % week to date, down just about a third of a percent right now. we've got this covid alert. deaths are still rising, but covid hospitalizations in the u.s. continue to drop. the seven-day average a down 15% thanks in great part to testing. the ceo of the company in the eye of the viral storm quest diagnostics is here on ending the pandemic one test at a time. closing bell ringing in 48 minutes. the dow struggling here, down 417 points.

the nasdaq down a full 3%, down 4499 points. -- 449 points. "the claman if countdown" is coming right back as the volatility continues. ♪ ♪ i may be close to retirement, but i'm as busy as ever. and thanks to voya, i'm confident about my future. voya provides guidance for the right investments. they make me feel like i've got it all under control. voya. be confident to and through retirement. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

liz: u.s. cases of covid covid-19 have crop finish dropped 50% over the last two weeks after the omicron variant caught the u.s. off guard and unprepared. as recently as two weeks ago, the lines to get tested wrapped around city blocks as americans tried desperately to get ahold of tests that are in very short supply. quest diagnostics, the global leader in lab testing, coming out with its fourth quarter earning, beat wall street estimates and announced a 6.5% boost to it quarterly dave end. the test -- dividend. the testing giant continues to play a critical role by providing covid-19 test results, and now it's taking a bigger step. if customer-initiated lab testing for all sorts of issues. joining me now in a fox business exclusive, steve rusckowski, the ceo, now soon to be executive chairman.

let's tackle quest's growth in the war against covid. how much of your revenue can you attribute to the latest covid wave? >> well, liz, thanks for having us, and it's been an interesting few years. we've been hard at work doing all the testing we can for this pandemic. and in 2021 we actually expected that our covid testing would go down. but as you know, with the fall wave and then with the omicron recent wave in 2021, we actually did about as hutch testing last year as -- as much testing last year as we did in 2020, so about $2.7 with -- billion,. liz: well, you know, the pandemic wave, we hope and we start to see maybe subsiding just a bit, how long do you ride that, and have you modeled for when this is over? >> oh, sure. we have been watching what's

happening, what is happening with our base business for the last two years. and, liz, as weed entered the pandemic, our pace business dropped considerably given all docks -- docs' offices were closed. but it came back up in the back half of 2020 and continued to build throughout '21, and last year our business was back to pre-pandemic levels, our base business. and at the same time, we're delivering on the covid testing i just mentioned. so we do expect as we who through this year that covid testing will go down, and our base business will continue to grow like we have seen last year. liz: you know, you would think, okay, yes, it'll eventually go. but now that a we're thinking about it, you know, omicron is certainly not the variant to hit this world. so what can you expect from the if future as you have the experts at quest diagnostics looking at the worst case scenarios? >> yeah. we believe that, you know, we're

hopeful that as we saw last year it'll start to decrease, and we're hopeful that as we enter 2022 we will start to realize that we need to manage this with testing and other therapies and other approaches to managing the virus going forward. and we actually believe we can play a broader role in that with our serology testing where we can test for the antibodies and test for the presence of the spike protein to really start to look at a person's level of protection against the virus going forward. so we do see ourselves having covid testing with us for the remainder of 'the 22, and it's going to be a permanent part of our portfolio much in the same way that we test for flu or other viruses that we do today. liz: well, let's get to that. as you mentioned, so many doctors' offices closed at the start of the lockdowns, and still, you know, there's an

entire segment of the population that has been dying to get tests for things that are other than covid. now you've struck this new partnership, and i find this fascinating, it's called quest direct. and here more than 50 types of tests for conditions ranging from heart issues to sexually-transmitted diseases. a customer can go on the walmart site and order up some of these tests, choose from a list of 50 and basically take control of their own testingsome -- testing? >> yeah. the outcome of the pandemic, fee realize they can actually engage directly. and so, liz, we brought up a product called quest direct, as you mentioned, a few years ago, and we now make available all types of tests which include some of the basic tests if you're looking to see what's happening with your cholesterol and all the a tests that you mentioned. but at the same time on that a

same platform if, we put covid testing as well. so what it allows is us to partner if up with walmart, and we utilize their front end and their capability of reaching so many customers throughout the united states and often through those customers the ability for fast, convenient testing with quest diagnostics. liz: aside from the fact, and i think about this, that this empowers people to take control of their own health care, you do have insurance companies begging doctors to order fewer tests. and, listen, i know this, my dad was a doctor, and he had a lot of patients who were wanting to test, test, test, test, test. insurance companies were balking at certain points. how do you make sure that people actually need the tests, or do you? or people can go on cafeteria style? >> you know, there's two participants to that. of one is there's people who do get routine testing, and they

want just to insure they're within range. an example of that is when you're on a statn -- statin for cholesterol, and people want to be more secure in the fact that it is still working, so they want to conveniently get that done. but also we do understand that there is advantages of, in that gain, consumers to physicians. so part of our service, liz, is if the consumer actually wants to speak with a physician and get some advice, we'll connect them online with a physician to actually consult with them about what they learned from their testing. liz: well, i love this because it's hard sometimes to get in to see a doctor who will then write the order for the test, and it's a whole issue. i i awed la -- applaud this effort with walmart. thank you so much, steve, and good luck to you and quest diagnostics. shares are up about a third of a percent right now. >> thanks, les, appreciate it.

liz: a massive winter storm 2,000 miles wide is wreaking havoc on much of the nation if, crippling travel from the if southern boarder -- border all the way north to detroit, michigan. grady trimble is live in chicago with details on mother nature's wrath and how airline stocks are braving the elements. we do still have the dow down about 359 points, so off the lows of the session is. nasdaq lower by about 2.9%. ♪ muck 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. my daughter has type 2 diabetes and lately i've seen this change in her. once-weekly trulicity is proven to help lower a1c. it lowers blood sugar from the first dose. and you could lose up to ten pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, vomiting, and diarrhea, which can lead to dehydration and may worsen kidney problems.

ask your doctor about once-weekly trulicity. (thunder bashing) - [narrator] we all get hit by the storms of life. for troy conquest, his storm hit after coming home from serving his country as a marine. - i had noticed my legs were swelling, and we went to maine medical hospital, and they said, "mr. conquest, can you get up for your mri?" and i remember pushing up off the bed and i fell. next thing i know it was three weeks later and i was paralyzed. it was a pretty low point to not be able to do the things that i love to do. pva was there the first day. - [narrator] paralyzed veterans of america is there for veterans like troy, but we need your support now to help our heroes who face overwhelming challenges every day. call now to join our hero circle. your gift of only $19 a month, just 63 cents a day, will help provide our veterans

with the life saving help they need. - our injuries have closed a door, pva has opened a door. - [narrator] with your monthly gift, you'll help paralyzed veterans receive year-round specialized medical care, support research and treatments that lead to life-changing breakthroughs, and pva's ongoing fight to secure the benefits our heroes have earned, and the accessibility they deserve. when you call now, you'll receive this pva team t-shirt to show that you are fighting for our paralyzed veterans. your monthly support will help our veterans live independent lives with dignity and respect. - pva has brought me back to life. i've fallen a few times and pva is like, "get up." we just keep getting up. - [narrator] call or donate online at pvahero.org today.

flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. liz: oil once again killing it, topping $90 per barrel today for the first time in seven years. that makes it five upside days in a row. it closed at its highest levels since october of 2014. right how in the after market session it's exactly where it closed, 90.27 for west texas

intermediate, a gape of 2.25%. totally different story, as we told you at the so much the hour, natural gas tumbled 31% today. -- 11%. it's still down 9.8% after the american global forecast system updated its model showing that weather-driven demand expectations will drop, and so he was cut 20 heating degree days from its projections. nat gas, as you see, is now at $4.96. even with the whole ukraine-russia backdrop which has certainly pumped up the price as of late. frozen power lines in texas have more than 50,000 customers at this hour without electricity as temperatures there struggle to get out of the 20. look at this ice storm. everything looks like it's dipped in glass. the ice in texas is part of a huge storm spreading across most of the country and leading to another round of massive airline delays. grady trimble is right there at chicago o'hare airport with more

on the winter mess mother nature's pouring on 130 million if americans affected here, grady? >> reporter: unbelievable, liz. and nearly 5,000 flights canceled today alone. that's on top of the roughly 2300 canceled yesterday. and the 1200 already canceled tomorrow. so if you're going to the airport today, you can expect busy terminals and long lines of people trying to rebook from their canceled flight. if you're not going to the airport today, well, just be thankful. take a look at the flight aware map, misery map is what they call it, and it's not good. dallas/fort worth getting hit the hardest in terms of the number of flightsen canceled. more than 650 of them. that's about two-thirds of all flights out of that airport today. o'hare, not too far behind, about 25% of all flights have been can saled. -- canceled. austin having issues as well with about three-quarters of flights canceled. problems in houston, new york

and d.c. as well. so that's what the airlines are dealing with here at home. looking internationally at a separate issue, the airlines and the tourism i have groups are petitioning if biden administration to scrap p the pre-departure covid tests that's required for anyone entering the u.s. right to now from another country. they wrote a letter to the administration, and they say that travel and aviation's recovery is dependent on the government taking steps to remove travel restriction ares that are no longer justified by current circumstances. we stand ready to work with you to implement this important step toward learning to live with covid in a way that doesn't compromise health and safety. so while the airlines are dealing with this mess because of the weather here, they're hoping that would improve international travel, liz, which, as you know, has not come back in the same way that domestic and rose your travel has since before the pandemic. liz: most of carriers are moving

lower on this news, grady. thank you very much. it's a huge storm. i mean, that's unbelievable. as amazon gets set to post fourth quarter results, one company is helping third party sellers on its site expand their small businesses beyond the prime online retail space. the the ceo of that company is next in a fox business exclusive. he's a former amazonner, worked there. with the closing bell ringing in about 28 minutes, we do see the dow off its lows, down 409 here. got the nasdaq down 459. stay with us. ♪ ♪ bull-rider i'm used to taking chances. but when it comes to my insurance i don't. i use liberty mutual, they customize your car insurance, so you only pay for what you need. wooo, yeaa, woooooo and, by switching you could even save 665 dollars. hey tex, can someone else get a turn?

yeah, hang on, i'm about to break my own record. yeah. only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ who's on it with jardiance? only pay for what you need. we're 25 million prescriptions strong. we're managing type 2 diabetes... ...and heart risk. we're working up a sweat before coffee. and saying, “no thanks...” ...to a boston cream. jardiance is a once-daily pill that can reduce the risk of cardiovascular death for adults who also have known heart disease. so, it could help save your life from a heart attack or stroke. and jardiance lowers a1c. jardiance can cause serious side effects including... ...dehydration, genital yeast or urinary tract infections, and sudden kidney problems. ketoacidosis is a serious side effect that may be fatal. a rare, but life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away... ...if you have symptoms of this bacterial infection, ...ketoacidosis, or an allergic reaction, ...and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar.

lower a1c and lower risk of a fatal heart attack? we're on it. we're on it. with jardiance. ask your doctor about jardiance. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. every business is on a journey. and along the ride, you'll find many challenges. ♪ your dell technologies advisor can help you find the right tech solutions. so you can stop at nothing for your customers.

liz: amazon up next to report forty quarter numbers after the closing bell today, so we're very close to what could be an important earnings report. the e-commerce giant estimated to report $3.57 a share and

$137.55 billion in revenue. ahead of this news, amazon is down about 7.5% at the moment to 2,785. so we thought let's bring in a company that has spouted in a way -- spouted in a way outside and off amazon. companies helping some of the top third party sellers expand to target, walmart and best buy. it's an amazon aggregator founded in 2020 by two former amazon employees. here in a fox business exclusive, let's bring in the founder and ceo recently named to the forbe -- "forbes" 30 under 30 list. congratulations. let's get right to it. amazon, obviously, is up on deck for earnings. we've been watching this company for decades, and you worked there. you started off as a business analyst. tell us what your experience was like and what you created for them that made you think, you know what? i might do better spinning off

from them. >> yeah, absolutely. i was a business analyst on the emerging technologies team which was really focused on third party selling before third party selling became as big as it is today. and so on that team i was really focused on building tools to help empower third party amazon sellers to be the best that they could. while there i was given really unique opportunities, and i was able to pursue them, growing my role within amazon. but i think what really stood out to me was before starting on amazon, my director told me why don't you start a business on amazon, what are the pay points that these sellers have. and so i did that, and we sold over $7 million in our first year. so that really excited me to the process peck of why not go out and build these brands. liz: okay. so you said, let's go, let's lead this, and let's do something with the third party tell iser -- sellers.

so what you're doing now is acquiring some of them and making them much bigger success stories, correct? can you give us an example? >> yeah, absolutely. so, you know, in the last year we've grown pretty rapidly. we've grown from $16 million in revenue from 2020 to over $428 million in revenue in 2021, and that's through these really unique acquisitions that we've been able to do. and to give you an example of, you're with, one of these brands that's really exciting, one of these brands is a top selling bedding brand in the home and kitchen cat going sells over $30 million in bed sheets alone annually. and we have a a portfolio full of these really exciting products across various categories that are just leaders and have amazing -- [inaudible] potential. liz: we're showing hdmi cables -- >> yeah.

liz: right there as well. so the table, that's a huge business for amazon. are hay annoyed with you that you are taking these third party sellers and growing them well beyond amazon's grasp? >> i think amazon's really excited about the overall prospect because when aggregators come in, we're coming in with a opportunity of funding, we're able to not only grow these brands off amazon, but also on amazon itself. and at the end of the day, we're prosiding a better customer experience. we're having more reare loibl delivery times, making sure our products are in stock, launching new variations that these customers immediate, and so amazon's really excited at the prospect of it. liz: i think you're being very diplomatic because, i'll tell you something, we know that amazon has looked at third party products on their site, and is it too rough to say knocked them off? you know, there has been that accusation, as you know. so in a way it feels like you're

protecting some of these third party businesses. >> absolutely. i think you know what's really exciting and interesting is that these third party sellers prior to aggregators like ourselves coming in didn't have an opportunity to actually sell their brand off and cash in on the hard work and definition -- dedication that they put in to building these brands. often times i'm going to build this brand, and the only amount of money i'm going to is the profit at the end e of the day from amazon. so when we're coming knew here, we're giving these sellers the ability to cash in on their hard work and the second is the ability to continue to gain from the growth that we drive to these brands and get some of that profit that we're able to help achieve on their behalf. liz: well, speaking of profit, you generated more than $420 million in revenue last a year, 60% higher than you expected. and you've got a huge inin addition of money here. you raised, what, about $160 million in series a funding?

where do you go from here in. >> yeah, this is a really exciting time or our company, and in 202 we're looking to double this, hit $800 million in revenue target. we're expecting to acquire 33 additional brands and grow from where we are today which is 125 pull-time employees to 220 full-time employees by the end of the year. so i think there's an exciting year ahead of us. liz: we'll watch your growth. thank you or for coming on. >> thank you, liz. liz: a split decision. google's 20 for 1 stock is split has some investors wonderingif other high-flying tech stocks should play the lead. and now amazon, is it next in line? as many hope and wonder about a stock split, charlie breaks it next on what that would mean, and, you know, what are the ramifications. and from a kid growing up in harlem to joining the our force and eventually becoming one of

the most trusted financial news anchors in america, my friend charles payne reveals his true story on this week's edition of everyone talks to liz. my podcast is something you got to hear. charles is just amazing and very honest about a his quite difficult climb. folks, we're at the lows of the session here or at least just a minute ago a. nasdaq down 473. ♪ ♪ you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. 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.

as a business owner, your bottom line whose resumes on indeed match your job criteria. is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™

♪ liz: we knead to look at the nasdaq intraday at the moment, down 506 points. folks, we are at the lows of the session. no surprise then as we drop 3.5%, we are popping for the volatility index. the vix moving higher right now. printing the double-digit

percentage jump of nearly 15% at the moment. market volatility index at 25.36. crazy. the pressure is on as amazon prepares to release its fourth quarter earningsing about 15 minutes from now. the stock is also a lower here, down about 7% after meta platform's empathy westernings -- earnings whiz from microsoft, apple and google. we do see amazon down nearly 19% since the start of the year. participant alpa that -- parent alphabet a huge winner yesterday putting more pressure on amazon, perhaps, as traders and investors speculate and push for a.son -- amazon to follow suit. joining us now, charlie gasparino and options trader scott redler who has been pushing for an amazon stock split for years. charlie, quickly, you've got breaking news? >> oh, yeah. justice department sources tell the fox business network is ramping up its investigation

into alleged illegal activity of short sellers, primarily looking at activist short sellers, short sellers that say, hey, this is a company, they go public, this is a company committing fraud, doing x, y and z, looking at whether there's market manipulation, where they're -- whether they're possibly front-running their short sales by putting out the information, watching it drop, then jumping out of the trade immediately. again, this is all a nascent investigation. as many as 60 firms have been targeted. liz, i can't tell you this is going to go anywhere. i've seen these fishing exwe sessions in the past -- expeditions in the past, but it is happening, and it is roiling the short selling business. back to you with. or back with scott. [laughter] liz: that is big. all right. will let us bring in scott redler. scott, you and i have talked about this along with charlie for many, many quarters. make your case as to why amazon should split its stock. >> well, if you remember last year when this stock was set up to actually make new highs and

give stockholder appreciate -- appreciation, they had two phenomenal quarters, but i said there's no way that the market or the stock can go up because jeff owns about 50 million shares, mckenzie owns about 20, and every time you get a good quarter with, they're gong to be selling their stock is. so every time the stock tries to get rewarded, they suffocated it. so i always said you guys gotta do a stock splis. do a 20 for 1 so this way the price goes down to whatever it is, 300, there's more volume, they can get out of the way. so they put this in a very bad situation because now the stock's under pressure, the nasdaq's under pressure because the fed is taking away the accommodation. the stock's down 28 on, you know, since the highs, and, you know, are they going to follow the same student as a facebook and a netflix -- suit and i underwhelm on earnings and see 2250 to 2500 tomorrow which is where i'm going to be situated to buy if that's the case, or

are they going to do a stock split to change the dynamics so there's more liquidity, less control by the options dealers, and up here, you know, the market splitting the stock for it when they could have done it, and it could have been a lot less pain on the shareholders. >> scott, it's charlie. you know, listen, i see your logic, obviously, i've written about your logic. but wouldn't they have -- if they were going to do it today, i guess after a earnings, wouldn't they have announced it already? isn't that kind of what you do? you announce a stock split, then you do earnings? am i missing something here? >> no, you do it alongside. google just announced -- [inaudible conversations] >> usually happens with it. yeah, usually. i would say 75-80% of the time they announce with it, sometimes maybe a week or two later if they don't get the effect or the impact of the stock price based on -- >> what's your crystal ball say? are they going to do it this time? >> i'm going in with two plans. if they announcer i think we can

get a bounce up to 3100-3300. if they don't announce the split, i'm off the way, and if they underwell well m, they could do a facebook or netflix, so i've ridden down levels, 2250-2500 which is where i think investors who aren't involved can buy the dip. liz: do you think there was any pressure once they saw what google did, or maybe i'm just not showing any understanding -- >> nos -- no, that's true. liz: i mean, google really showed up. >> listen, liz, google just was at an all-time high yesterday. amazon's been in what's considered a bear market, down 20%, for months. they've underperformed for 15 months -- >> but i want to ask you this, the argument always is can't you just buy fractional shares? why do you need to split if you could buy the fractional shares? >> it's so much more than the fractional shares. nobody wants to buy 10 shares of amazon, they want to buy, you

know, a thousand, when it's 300, they can go to 400 versus 10 shares that -- >> and you can't write the options on the fractional shares too, right? do i have that right? >> you can, but it's, like -- >> it's a pain in the rear end. all right. >> it's really the mechanics of the stock. it's loose, it's wide, it trades by appointment, it doesn't even use relative strength anymore. you have mckenzie and jeff selling stock, most institutions already own it up here, so the only way they were going to own it again is down in the deep belly of the beast. if we do a stock splis split and get a new class of investors in there. liz: scott redler, awesome trading advice. very interesting. and, charlie, thank you very much. the nasdaq is now at new session lows, down 541 points. folks, this is going to be a crazy end. we'll be right back. ♪ ♪ get decision tech from fidelity.

[ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. . . for smarter trading decisions, get decision tech from fidelity. (vo) for me, one of the best things about life is that for smarter trading decisions, we keep moving forward. we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be? (vo) verizon is going ultra! and so is manny! event planning with our best business unlimited plan ever! with 5g ultra wideband now in many more cities and up to 10

times the speed at no extra cost, the downloads are flying fast! verizon is going ultra, so your business can too.

♪. liz: we got to call an audible here, folk, we have 3 1/2 minutes left to trade. the markets are taking a sledgehammer to the four-day winning streak for the nasdaq, the dow, and the s&p. not just the nasdaq which hit a new low of 565 points. it is also the s&p 500 which is having just an ugly day as well. for the nasdaq it is the worst session since september of 2020. this as bloomberg reports met aa platform mark zuckerberg tried to rally employees, trying to focus them on video products as it lost a quarter of its value following the dismal earnings report. meta is down to $237.37. we have jeremy schwartz with 7.65 billion of assets under management. where do you head for cover here, jeremy? >> liz, one of the big factors

this year, certainly inflation is a dominating factor. that is impacting equities, bonds, commodities. here within equities as you're talking about, a big rotation from growth, megagrowth towards value. it was the biggest month for dividend payers versus non-dividend payers. do you have the cash flow? low duration bond in that sense. those dividend payers were reward versus more speculative growth stocks. i think that is happening in facebook some of the others do they have earnings now versus far out into the future. liz: you think about the dividend payers and those staid, august names, it is time to maybe look to make sure you can get paid even as stocks falter. the nasdaq down 530 points right now. you've got a deejay rw wisdom tree fund, it is a dividend growth etf. why that one? >> yeah, that is our largest flagship etf. a little bit under 7 billion. look for not just current

dividends but can they grow the dividends sustainably over time. it is discount to the market where a lot of quality factors are still overweight the tech stocks. quality during times of volatility is where you want to be in this market rotation. it has a combination of low prices, growing dividend over time. you hear about inflation pressures. these companies have higher margins, that protection to pass on prices to consumers. that is why they have the higher profitability metrics. that is why we like d jrw today. -- dgrw. liz: volatility index is 15 half a percent even higher. is this what you and the wisdom tree folks expect as we move through the month of february, more volatility? >> we've been saying the fed will be a key driver of some of the volatility. the markets ratchet up how quickly the fed will tighten. we said inflation will be a big problem throughout this year.

the fed would adjust. they moved up expectation which is one of the things creating volatility. we think there is more of that. that is where quality, dividend strategies help in that environment. [closing bell rings] liz: area my schwartz of wisdom tree. closing bell rings off session lows. very ugly day for the nasdaq down 3.7%. amazon after the bell. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. top of the news today joe biden came to visit new york in the aftermath of the tragic deaths of police detective jason rivera and wilbert mora. predictly fell back on the usual left-wing panaceas, gun control, federal funding for social services, small increase in federal money for new cops. single best critique of my friend heather