tv The Claman Countdown FOX Business February 4, 2022 3:00pm-4:00pm EST
3:00 pm
saved five people's lives. it's really critical. we can do a lot for each other while we're alive and even after we're gone. liz claman, i love this momentum, and you've been doing a great job taking that baton and taking it further. liz: you know, we've got the energy if, we've got that heart purposing and yes, i too am wearing red. charles, happy friday. charles: thank you. liz: the virulent variant of omicron did not interrupt job creation in january as was expected, and that's got markets pushing higher at this hour. dow jones industrials up 109, the s&p powering higher, the nasdaq up two full percentage points. leisure or and hospitality jobs leading the way as restaurants and bars staffed up amid omicron surge. we're going to break down the numbers with the kelly services ceo, find out where the best jobs are right now and which companies and their stocks might get hurt by a rise in wage environment. it's a fox business exclusive.
3:01 pm
you've got to stay tuned for that. and amazon priming the pump if, sending the nasdaq through a metamore to sis of sorts, big quarterly numbers have tech investors doing yet another neck-snapping spin as we kick off the final hour of trade. our floor show traders will tell us whether the facebook situation is now over. and the winter olympic games are underway in bay beijing as the pomp and circumstance of the opening ceremonies sets the stage for athletes. but keeping the patrons safe at all major events is now more critical than ever. we're going to introduce you to the company backed by bill gates, invested in by peyton manning and andre agassi, that's using its a. a.i. technology to sniff out guns before they ever enter the stadium. the evolve technology the ceo, yes, it's prickly-traded, is going -- publicly-traded, the is going to explain it all a. but first, as we kick off the
3:02 pm
final hour, meta's pain yesterday with shifting to amazon's gain today. look at the price action right now for the nasdaq, up 309 points. and now the price action in amazon up 15.9%. that is, folks, the high of the session. just slightly off it, amazon at $441 per sharaf the e-commerce whale saw a strong fourth quarter showing last night. north america and international e-commerce operations actually delivered losses. amazon did guide lower for first quarter earnings and revenue even as it hiked the price of its prime membership for the very first time in four years. so here's the annual cost. it's going to go up 17% to $139 from $119 due, amazon says, to higher labor and higher fuel prices.
3:03 pm
you guys should see that oil closed today above $92 a barrel. the hike will go into effect two weeks from now for new members, and after march 25th, for current members. and, by the way, so meta's sob story yesterday where zuckerberg blamed the popularity of tiktok for dinging its last quarter, now coming into question after snap -- look at this gain, 61% higher right mow. snap, which also counts itself as a tiktok rival had no trouble putting a green filter on its earnings. snap right now up $15 to $39.55. it's on pace for a record jump after posting its very first quarterly profit. the social media company did say that while facebook, like facebook, it's adjusting to apple's new app store privacy policies, it still managed to give an upbeat forecast. will the markets remain upbeat along with it? because we've got that shadow of the federal reserve looming, the march meeting now just weeks away, and that much stronger than expected january jobs
3:04 pm
report lighting a fire -- look at -- under the 10-year treasury yield. the yield jumping above 1.9%, its highest levels since december of 2019, we're at 1.923%. what does in this all mean when we put it into the crucible? let's bring in phil flynn and tom hayes. phil, that's bench mark yield, took off when jobs report was released. ec with eties are absorbing it are nicely, but what could shape the markets as we get closer to the fed meeting? >> i think just more urn -- uncertainty and fear more than anything. today's market reaction after the initial selloff and the initial concern, the good news is bad news, and higher yields means a scarier economy. but i think it's going to be good old-fashioned inflation. look at these energy prices. look at the potential war, you know, between the ukraine and russia. those are the things that are overhanging the market. as far as the fed is concerned, i think the volatility that we're seeing is pricing that in.
3:05 pm
and i think the shakeout between the good stocks and the bad stocks. and mark zuckerberg looks like he's lost his way. but some of these other players in that space seem to be navigating the waters quite well right now. liz: we got some breaking news, guys, and i want to hear your your response on this. federal reserve chair jerome powell will become interim fed if reserve chair on saturday. he did, of course, appear before congress, insuring continuity of leadership as the u.s -- at the u.s. central bank while his renomination does await senate action. the nasdaq still up about 316 points. tom hayes, your response. he now has a free and clear runway to start hiking rates. and with this jobs number that was so unbelievable, a gain of 467,000 jobs in january, he's got to do it, doesn't he? market reaction, what do you think? >> he certainly does, and that's good continuity for the market
3:06 pm
with the average hourly earnings up 5.7% year on year, it gives him the green light to start to take away the punch bowl just as the party's getting started, unfortunately. i know that you're a hockey fan, liz, so we want to look at where is the puck going. we've seen a lot of excitement if around banks and energy stocks. if you remember, i was on your show in fall of 2020 buying banks and energy stocks now that they're all up double and triple, everyone wants them, so i think that might be getting a little bit crowded in the short term. and phil knows better than anyone if, we could get a watered-down iran deal in the coming weeks or months that would potentially add 1.8 million barrels a day back into the market if we get any deescalation with russia. so where is the puck going? if we're looking at biotech which has been left for dead. it's doing quite welled to. the earnings power of the top 30 is down half a percent since november, but the sector is down 37%. liz, there are over a hundred biotech stocks now trading at a
3:07 pm
discount to the cash on their balance sheet. we think that this location is temporary, and we think that recovery's going to be robust. liz: well, if you wanted the whole basket, you've got the biotech spieder, and -- spied, and it is jumping about 2% right now. phil, as we look at some of these names that have really struggled, and i'm talking meta, just a tiny gain of under 1%. doesn't appear like there are a few bargain hunters here picking up this stock. >> i think meta is the problem. i don't think it's the entire sector. i mean, you look attic doc, you look -- at tiktok, you look at what's happened with amazon and these other stocks are okay. i think this is a mark zuckerberg problem, right? if for some reason they tried te problems when they changed the name from facebook to metaverse. they knew they had to make may major changes. that was probably a sign that
3:08 pm
things aren't going so well at the camp. and guys that used to be so innovative and ahead of the curve seems to be slipping behind the curve despite all the money. and, of course, they're given a lot of criticism by users too because of their politics right now, what's going on. so i don't think that's helping them at all. i think they are ripe for competition, and the competition right now is slapping them, you know, back and forth. liz: yeah. i think so. and you'll hear about unity this many just a second. they, too, didn't seem to have any trouble with the apple privacy situation that facebook did mention. gentlemen, thank you so much. tom hayes, bill flynn. check the nasdaq, up 317 points. got that look at ford. investors are slamming on the brakes. the stock is tracking its biggest one-day decline in nearly two years after missing wall street's fourth quarter estimates. shares are down 9.25%. that's ott not even the low of the session. the automaker hit its annual earnings guy dance for 021, but
3:09 pm
it whiffed on production targets related to the semiconductor shortage. ford's fourth quarter net income swung to a $12 billion profit including an $8 billion gain on it investment in ev van start-up rivian automotive. speaking of evs, ford's ev strategy getting a kick as ford's mustang muck e grabbed the number two spot of the best selling suv all electric behind tesla's model y. regardless of ford gaining on tesla, tesla's shares are up 4.7% as morgan analyst adam yo jonas put out a note predicting tesla will be bigger than both ford and general motors in just five years. and to unity, right? even six price cuts cannot keep unity software down. shares of the video game design and animation if software company posted a narrower than expected fourth quarter loss, also predicted better than expected revenues for 2022.
3:10 pm
you are happy the if you eurozone u, it's up 19.5%. by the way, unity and tesla are two of the largest holding in karat cary wood's ark innovation etf, gaining 6.1% at the moment. and then this sark that's the anti-cathy wood with, as expected, it's down 6%. all right, check pinterest shares. her on the move right now. the image-sharing social media platform's fourth quarter results had none of the programs that facebook outwith lined despite today's wrap p-up. it's still down 68% over the past year, so there's a 10.6% gain right now. nice, but doesn't erase the bigger problem. at the bottom of the s&p 500, chlorox. the stock plunging 14% after the maker of antibacterial wipes and cleaning products posted a lower quarterly profit, and it forecast declining sales for
3:11 pm
2022. chlorox says it took a hit from considerable lower profit margins due to a, quote, challenging cost environment. and we are just getting this breaking news hitting the tape. attorney michael avenatti was just convicted of swiping merely $300,000 in book advance money from his then-client stormi daniels. the porn star had inked a book deal after it was revealed she was paid $130,000 in hush money before the 2016 presidential election to keep quiet about a sexualen encounter she had had with donald trump years earlier. avenatti now faces a maximum of 22 years in prison for his conviction on wire fraud and aggravate identity theft charges. a sentencing date has not yet been set. in 2020 avenatti was convicted in the same federal court of trying to shake down sportswear giant nike for $25 million.
3:12 pm
just checking nike for you yo guys here. at the moment, on your screen -- no, it is not. okay. it's up just a half a percent, but it's not down. okay, nike up half a percent. president joe biden in maryland right now signing an executive order to chop the red out of the labor agreements for major infrastructure jobs. the tape has been choking big construction companies and little ones as well. we'll head straight to the free state for the details and the stocks that could benefit. closing bell, 48 minutes away. we are at session highs right now, folks. the dow up 197, and the nasdaq up 334. s&p, for its part, is also on the move to the upside. stay tunes, we're coming right back. ♪ ♪ we gotta tell people that liberty mutual
3:13 pm
customizes car insurance so you only pay for what you need, and we gotta do it fast. [limu emu squawks] woo! new personal record, limu! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
3:14 pm
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.
3:16 pm
3:17 pm
resolutions, will speed up building times. hillary vaughn is live where it's all happening right now in upper marlboro, maryland. hillary. >> reporter: hi, liz. well, that's exactly right. because of that, president biden saying today he thinks this is actually going to save taxpayer money on federal construction projects because these contracts are going to be given out to people who have these agreements with labor unions. biden says union workers on the job guarantees that federal projects are finished on schedule and under budget. >> it's going to be cheaper, cheaper paying right wage and the right trained people to begin with to get the job done right and on time. and we're going to start with that order -- once that order is signed. just remember, it ain't labor, it's unions. >> reporter: but some disagree that this is a moneymaker and a job saver.
3:18 pm
the associated builders and contractors saying that these labor agreements actually mean pricier prompts saying this, quote: president biden's new policy will not help america build back better. instead,s it will exacerbate the construction industry's skilled work force shortage. government-mandated plas increase costed by 12-20% which result in fewer construction projects and the creation of fewer jobs. even though the president is celebrating a surprisingly good jobs report, the construction industry did not have a good run last month, losing 5,000 jobs. we talked with the president of a construction company, a third generation bridge builder. he tells me a lack of boots on the job is his biggest challenge. >> the work force in the bridge industry and particular ally with us -- particularly with us, we just don't have the quality work force aha once was here whether they have resigned, whether they have new careers, whatever the reason being.
3:19 pm
they're just not available like they used to. >> reporter: and, liz, last year nine out of ten construction workers actually chose not to join a union. so that could make it hard for contractors bidding for federal projects finding workers to actually do the job and fill the job of these projects if they a can't get people to agree to either with represented by a -- be represented by a union or join a union under this rule. liz? liz: yeah. well, either way, when the government gets more involved in things like contracts, it takes that much longer to get jobs done. but we'll be watching. hillary vaughn, thank you very much. all right. we've got the nasdaq up 322. nations around the world on heightened security alert due to russia's potential invasion of ukraine and, of course, omicron spreading. how to protect potential targets. major events and gatherings from the olympics to the super bowl, peyton manning and tennis stars
3:20 pm
steffi graf and andre agassi are investing in a company behind a.i.-powered gun-sniffing technology w. the closing bell ringing in 41 minutes, the ceo of evolve, publicly traded, will show you how it works. that is next. ♪ ♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity.
3:21 pm
voiceover: riders. wanderers on the road of life. the journey is why they ride. when the road is all you need, there is no destination. uh, i-i'm actually just going to get an iced coffee. well, she may have a destination this one time, but usually -- no, i-i usually have a destination. yeah, but most of the time, her destination is freedom. nope, just the coffee shop. announcer: no matter why you ride, progressive has you covered with protection starting at $79 a year. voiceover: 'cause she's a biker... please don't follow me in. (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
3:22 pm
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
3:23 pm
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.
3:24 pm
♪ liz: 202 22 winter olympics kicking off in beijing with reduced attendance due to the omicron variant. officials are aiming to have at least 30% capacity in venues despite chi chi that -- china's strict regulations. but not every country is shying away. super bowl lvi will go on as planned next week at sofi field with 70,000 fans in attendance. and as people return to in-person events in numbers not seen since -- you've got to go back before the pandemic, what about safe i?
3:25 pm
not just covid safety, but actual safety from crime. evolve technologies is the security provider or for wynn casino, six flags theme parks and the home stadiums for the atlanta falcons and tennessee titans. ceo peter george is here this a fox business exclusive. you guys went public via spac. i want to get right to it. tell us exactly where you've seen the biggest ramp-up in security venues. >> yeah. thanks, liz, thanks so much. look, as people come back from the pandemic, everybody wants to gather again in a new way. but the new way are places like houses of worship and schools, big stadiums, getting folks back from working from home into their offices. so we're seeing tremendous uptick in those places. my place where people gather, those are the places that are deploying our technology and thinking about safety in a new
3:26 pm
way. liz: yeah. you know, let's talk about your specific technology because you're obviously in so many sports arenas, the mercedes benz stadium, you're in the nissan stadium, that's just a few of them. what is the most needed thing, and what do you provide? because we're talking about your a.i. gun-sniffing technology, and we want our viewers to understand how it works. >> right. look, the two major things that people want, number one, they want their security posture to get better. when we get back and gather again, everyone wants to come back and be safe. so that's number one. but number two is they want to do it in a ouchless and frictionless and -- touchless and frictionless and free-flow way. as you can see on this video, people walking right into the venue. we call it from the street to the seat, not breaking stride. walking to their seat. not divesting of the things they normally carry. and when they get on the inside
3:27 pm
after making all the lines go away, hay know that they're safe, safe from all kinds of threats, guns and bombs and knives and bad people. that's what we do. those are the two things that matter most to our customers and their fans and visitors. liz: well, speaking of guns, i mean, if you think about the bad actors who are trying to sneak guns past machines, tsa last year caught a record number of firearms. we can put up the numbers. it's absolutely stunning. but they got 6,000 guns that were found in carry-on luggaging alone in 2021. of hose guns, 86% of hem were fully loaded, peter. you guys have screened 100 million people second only to the tsa. as people return to, you know, in-personning activities, how do you get that message don't bring guns? and besides that, how can you be
3:28 pm
sure that your equipment is better than what i just dealt with at madison square garden where i had to go through, they pulled open every part of a very small purse. i was impressed -- i was annoyed because it took so long, but i was grateful and very impressed. >> look, we have used the most contemporary technology, advanced sensors, machine learning models to find the signatures of all the weapons out there. so we can make sure weapons don't go in. but the thing is there's so much anxiety today in the world, liz. we just commissioned some research mt. if fall to find out about -- in the fall to find out about the guns you just showed and what kind of anxiety there is in the united states. we were absolutely shocked to learn that one out of every three americans feel like they're going to encounter an active shooter at some point in their life. that's crazy. that shouldn't happen. liz: horrible. >> 62% of people are anxious when they go out and gather
3:29 pm
again. so we're coming off of covid, we want to be together, but the fact that over 50% of people are anxious is crazy. and finally the other statistic which is shocking is that people change the place that they go depending on what kind of safety is going to be there. so the world's changed forever, and now there's technology available like ours that can allow people to come back and gather safely safe from the pan demic and health threats, but also -- pandemic, and also weapons and bad people. we have to democratize security and make sure people have the right to be safe. liz: well, bill gates, one of the smartest people on the planet, i would say, is backing your company. and then you've got all of the rock stars from peyton manning to andre agassi, steffi graf. you did go public, and even before its debut it has not done well. make your pitch right now to investors who are -- saying,
3:30 pm
wait a minute, this is down 69%. >> look, we went public this year. we were thrilled to do that. we're really excited about the future. we just had a great 2021, more customers and bookings than we've ever had in our history. we're excited about meeting the moment which is to make the world safer again and excited about what the future's going to be from the company. and everybody gets this problem, liz, right? we stood in the airport line, we stood in professional sports trying to see our favorite team, and nobody wants to stand in those long lines, but everyone wants to be safe. we make those lines go away, and we make you safer. liz: peter, can't argue with that. we appreciate if it. peter george of evolve technologies. omicron, no factor at all in a surge in jobs last month as the u.s. employment picture pushes well beyond the pandemic. ceo of staffing agency kelly services is here in a fox business exclusive on which sectors are surging and those
3:31 pm
that are expected to struggle, you know, because we have this quit rate that is so elevated and wages are going up. with 30 minutes left before the closing bell, the nasdaq is the star here, up 2.25% or 316 points. s&p better by 56. the dow powering higher by 192. ♪ ♪ or peace. you can't buy security. you can't buy happiness. you can't buy confidence. but you can invest in it. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. my daughter has type 2 diabetes t. rowe price. and lately i've seen this change in her.
3:32 pm
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. (calm music) - did you know that americans that bought gold in 2005
3:33 pm
quadrupled their money by 2012? and even now, many experts predict the next gold rush is just beginning. so call u.s. money reserve. the only precious metals organization led by a former director of the united states mint. as one of the largest u.s. gold coin distributors in the country, u.s. money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now. call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the u.s. money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and it's something i could physically touch. i have it and i have it secured.
3:34 pm
of all my years involvement with buying gold it's only gotten better in my faith in the company, u.s. money reserve. that's the company i do business with. and i don't see doing business with anyone else. - [narrator] if you've bought gold in the past or would like to learn more about why physical gold should be an important part of your portfolio, call to receive the complete guide to buying gold, which will provide you important, never seen before facts and information you should know about making gold, silver, and platinum purchases. for faster wealth protection request a digital version of our complete information kit which will be emailed for faster delivery. - pick up the phone and call america's gold authority, u.s. money reserve. with nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide u.s. money reserve is one of the most dependable gold distributors in america.
3:35 pm
liz: call it the january jaw-dropper jobs number. yes, despite all the hand-wringing over omicron and how it would affect that number, the economy actually blew away estimates of 150,000 jobs and created instead 467,000 jobs in the month of january. that blew out the estimates following up with substantial upward revisions to november and december. and average hourly earnings rose 5.7% from a year ago.
3:36 pm
now, here's the rub: you pair that wages hike with the record number of people quitting their jobs these days, and some companies and sectors will really have to up their game. kelly services knows which ones. they provide work force solutions to various industries. here in a fox business exclusive, we welcome the ceo and president, peter quigley, on which areas are grabbing employees. peter, workers are now in the cat bird seat. that's not necessarily news, but now you see an even bigger jump in hourly wages, plus the quit rate -- which is pretty stunnin, what, for employers? >> well, it's good to be with you, liz. and as you said, the january jobs report really blew away any expectation. the headline is also it could have been a lot better. over 2 million workers who couldn't participate in labor force because of omicron and twice as many businesses had to shut down at some point during
3:37 pm
january than they did in december. so we clearly are in a very, very tight labor market. and as you said that's going to result in significant quits as well as the signs of wage inflation that you mentioned. liz: well, yeah. and we do see the construction, as hillary vaughn just pointed out a couple of months ago. they were ones that had some contraction. they lost jobs. but that part aside, when you see this list of how many jobs are being created, it's pretty stunning. and then you just mentioned the jolts, job openings and labor turnover. that quit rate hit the highest on record back in november, 4.5 million workers quit their jobs. they're not all just sitting back on beach and saying i'm done working. they have better options, do they not? and what does that mean for certain sectors that have to increase and up their game? >> yeah, there's no doubt that
3:38 pm
workers are in the catbird seat, as you mentioned. i think we're seeing the greatest amount of quits and wage inflation among individuals without four-year degree that are in the lower wage roles. so we see elevated quits and strong wage inflation in leisure and hospitality, accommodations and food service, manufacturing and distribution. and for the first time in a while, a lot of these blue collar workers have choices. they're taking advantage of the increased power they have to look for work that is more accommodating to the kind of life that they want to lead. liz: you started to see this at actually the height of the lockdowns where amazon, walmart and target began dangling all kinds of incentives in front of employees and potential employees to say we need you, and we are valuing what you do.
3:39 pm
my question is, as this situation -- you just said blue collar workers, but i would figure services, people who are hourly employees who make minimum wage or just above it also have a lot more choices. so does that mean that names, and, of course, we're thinking stocks, everybody from restaurant companies and chains to amazon may have to start doing something even more, and what does that mean for their bottom line? >> yeah. i think that all the discussion about the great resignation while it's a clever title, i think it's a little bit simplistic, and employers need to recognize that there is both a great reluctance and a great reset. and the great reluctance are those individuals that aren't coming back to work because of health care concerns or a vaccine or mask mandates or they have childcare requirements or they're enjoying a bank account that they haven't had for a while. great reset is all of those individuals that now have the
3:40 pm
ability to question whether the job they're in is the right one for them. so whether it's increased wages or flexible work time or a different commute or better culture, workers are clearly taking the opportunity to recalibrate at all levels, blue collar all the way to high-level positions. liz: okay. we do have some people who are in a position to choose whether to leave their current job. which areas are stepping up wages and paying more mow? >> well well, at the lower end clearly there's a lot of wage pressure to attract people, just to to not only come to work, but state -- stay at work with competition, increasing the wage by an hour, i mean, a dollar, dollar and a half per hour will get people to move down the street. so there is a great deal of wage competition, but employers need to be smart too about the other things that they're selling to
3:41 pm
potential employees, things like flexible time, time off with kids in scoot school -- in school, other perks that he can offer. all of those things are important to the employee value proposition. liz: well, i agree. and it's interesting to see how much this pandemic has changed what used to be a very strict 40-hour workweek in the office, gotta be here, a lot of things changing. peter, thank you very much. peter quigley of kelly services. >> thank you, liz. ♪ liz: jeff zucker's sudden departure from cnn may have more to do with one of its former stars seeking a multimillion dollar a payout than an inappropriate office romance that's catching all the headlines. charlie's about to break exclusive story next. closing bell, 19 minutes away. we've got the 10-year yield at 1.93%. folks, rates are going higher but so is the stock market.
3:42 pm
dow's still up 133. we're coming right back. ♪ ♪ 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 some things are good to know... like where to find the cheapest gas in town. something else that's good to know? if you have medicare and medicaid, you may be able to get more benefits - without paying more -- through a humana medicare advantage plan. call now for this free guide. with humana, you could have your doctor, hospital and prescription drug coverage in
3:43 pm
one convenient plan. you'll have lots of doctors and specialists to choose from. depending on where you live, you could get other important benefits, such as dental, vision and hearing coverage. and, if you have medicare and medicaid, a humana plan may give you extra benefits, like rides to plan-approved locations. home-delivered meals after an in-patient hospital stay. plus an allowance for covered over-the-counter healthcare products - and approved healthy food and beverages! to see if you qualify, call now to speak to a licensed humana sales agent. humana. a more human way to healthcare. (dramatic music) - [narrator] as the eyes of the world focus on the latest flood of calamities, the most urgent may not be the most visible to the average person. for decades, we've seen an erosion of our nation's values, but today we are experiencing a world gone mad. the country is facing an inflection point and cultural norms are turning away from traditional values.
3:44 pm
in "hope for this present crisis," dr. michael youssef presents a seven-part plan providing practical steps on how to be a godly influence in our society and how to take a stand for our values in a culture aggressively opposed to them. there is hope for this present crisis if we act now. a dear friend of dr. youssef so wants you to have this book that he will pay for it. all you have to do is cover the shipping and handling: $4.95. and if you order it today, we will also include the action guide, "practical questions and answers for this present crisis". call or go online today for your free copy. (dramatic music) as a business owner, your bottom line 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
3:45 pm
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.™
3:46 pm
♪ liz: yeah, that's your crypto hard hats. shares of blockchain moving higher after it announcing it mined 458 bitcoin in january. whoa. okay. so is jumping 12%. for the crypto miners, this is a 7.8% increase from december and a massive 252% jump from january of last year. bitcoin also climbing on the upbeat tech picture at this hour, up about 10%. you can look at etherium, up 10.8. litecoin up 8%.
3:47 pm
in all the celebration, not lost on crypto etfs with pro shares and value create, of course, these are etfs that bet on the bitcoin futures, they are jumping 11% apiece. big day for crypto. sources close to cnn have revealed new details in the latest drama involving former president of the network jeff zucker and former prime time anchor chris cuomo. charlie charlie gasparino has breaking news, how it could affect the pill pending merger between discovery and warner media. >> all these mergers have to go through doj antitrust approval, maybe sec approval -- definitely sec approval -- and right now, the government needs to approve it and still has not gotten that approval. and then the stuff that's going on here, and it goes beyond a mere if consensual, longtime consensual affair between jeff stucker and allison gollust that
3:48 pm
forced jeff out. a lot of this, there's a lot of worry inside cnn, inside discovery, inside at&t about the fallout of something else that's about to hit, and that's chris cuomo's arbitration claim. and particularly if he wins and he's able to essentially give his side of the story. because his side of the story is not going to be -- i'm getting some sources close to cnn who know everybody involved. his side of the story is not going to be, hey, look at these two having an affair. everybody knew they had the affair. liz: everybody. >> yeah, everybody. it was just an open secret. and, by the way, consensual. , and by the way, no -- it wasn't like it was an affair where she wasn't of qualified for the job. highly qualified for the job. so no one ever protested it, that's toed thing about all of this. maybe now they are, but they didn't at the time. i think what they're worried about inside at&t and discovery is that what chris is going to say in the arbitration claims and is what they found out in
3:49 pm
their investigation that involves, you know, not just chris potentially stepping over the line with advising his brother that caused him to get fired, but essentially jeff zucker and gollust, allison gollust, their dealing with andrew cuomo which were pretty hot and heavy particularly early during the pandemic. and what chris is going to argue is two things. we have calls in to his adviserrer, we have not heard back, but this is what i hear, he's going to argue two things, i didn't -- they knew if everything i was doing materially. jeff knew i was advising my brother, he knew it. he chose not to put me on leave, but he knew it. and he's going to argue that i did materially the same type of advising that you would see this e-mails and others between jeff and alon gollust with my if brother d --alson. why were they advising andrew cuomo? they were trying to get him during the early days of the
3:50 pm
pandemic, trying to get that ratings gold. people forget he was a rock star during the early days of the pandemic. he did almost all -- liz: and, charlie, you know what, charlie? fox would carry his news conferences -- >> right. liz: -- live. they were chock full of information at time and, you know -- >> so he did, so they basically went to him, chris is going to argue. chris didn't book it, they did most of the booking, and they convinced him to do almost all his appearances on cnn despite the fact that other places wanted himment -- him. and chris is going to argue, from what i understand, that he, that they basically said if you do us, it could help chris' career, and he said, sure. now, all this is coming as democratic lawmakers are saying, what, it's starting to bounce around democratic circles what was going on internally, that cnn had all the cuomo interviews and not msnbc or, you know,
3:51 pm
democrats don't care so much about us, but you get what i'm saying. why did they, why did cnn have the sort of lock on in this and not the others. because if you look at the numbers, they're way off the chart, cnn versus others. so this is something that's going to be out there, it's something that's going to be argued in court. it's something that i hear this whole sordid mess about how news is done at cnn which goes beyond chris cuomo. it involves zucker and andrew cuomo. it's something that has david sasse love and company, the people at warner media, the people at at&t -- remember, they're still part of at&t -- john malone, all of them really worried. so this is going to be, you know, i'll tell you, we can get in the sort of weeds about the affairs and all of this, but this is a huge business story, you know? chris, by the way, chris wants to tell his side of the story, from what i understand.
3:52 pm
i heard he's got $20 million left on a four-year contract. as an element of any sort of deal, he's got to be able to clear his name. we'll see what happens when the lawyers come to him and say, hey a, here's $20 million, they want you to shut up. maybe he shuts up. but this is what i'm hearing there people at cnn right now, that he wants to be able to tell his side of the story. hopefully, he comes on our show and tells it. liz: we welcome him. and, by the way, anybody else in his position would do the same, they'd fight for it. we'll be watching it. charlie, thank you very much. charlie gasparino. the amazon halo effect definitely being felt by one of the countdown closer's top stock picks. ooh, which one would that be? you'll find out when "the claman countdown" comes right back. closing bell, 8 minutes away. we are seeing a tiny bit of erosion here. well, not so tiny. the dow had been up 222, up 72 right now. uh-oh. we're still watching it.
3:53 pm
stay tuned. ♪ ♪ at vanguard, you're more than just an investor, 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. i'm greg, i'm 68 years old. i do motivational speaking in addition to the substitute teaching. i honestly feel that that's my calling-- to give back to younger people. i think most adults will start realizing that they don't recall things as quickly as they used to or they don't remember things as vividly as they once did. i've been taking prevagen for about three years now. people say to me periodically, "man, you've got a memory like an elephant." it's really, really helped me tremendously. prevagen. healthier brain. better life. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset...
3:56 pm
liz: 4 1/2 minutes before the closing bell. all three major indices appeared to close higher. this is the best week for the s & p and the nasdaq in 2022. the nasdaq takes the lead closing up 2 1/2 percent object the week. jamie cox, what would you say was the biggest headline with a week jam backed with headlines? >> over the month of january,
3:57 pm
markets got it wrong when it came to amazon, am. and they are getting it wrong with the software world. everybody got afraid the federal reserve would raise interest rates into a decelerating economy. the jobs reports showed the economy is rolling. markets will recover back to where they should have been before they started declining. when you get a 20 plus correction. you get companies like shopify. you realize what a mistake it was to put them down.
3:58 pm
liz: here it is, though it is up 8 1/3 percent. reno the federal reserve is about to raise rates. any wage increases people would take to shop may be eaten up by inflation on things they have to pay for what they want. >> we are seeing the beginning of the peak of inflation. that will take care of a lot of the inflation we are seeing. so that will help. don't forget the inflation is not the only factor. you have consumers flush with cash because they haven't been able to go anywhere. but on the shopify, the stock
3:59 pm
has dropped 11 times. the annual return is still over 100% a year. the software company has an unbelievably way to grow revenues spreading out across the world. they have pricing power. clorox got clobbered today. they are directly impacted by inflation. companies like shopify can pass it on to consumers and grow their earnings. >> great point about coca-cola. coke comes out with earnings next week, so does pfizer and twter. it will be a huge and volatile week. as we watch these markets. the dow just turned negative.
4:00 pm
i told you you would have to watch this final hour of trade every single day. this is what matters. this is where the action happens. the markets are closing mixed after a rollercoaster week. that will do it for "the claman countdown." "kudlow" is next. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. we spoke of president biden's empty message on crime in his visit to new york city. like most democrats he focused on gun control and social spending. he ignored the true root cause, the demonization of law enforcement. from day one in his campaign right up through
83 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on