huge number into the close. the big breakout, 4589. you can do it. elbow grease, eq more than iq and forget the op-ed writers. i tell liz claman forget the op-ed writers. liz: i am still stuck on the he ha song, lawrence welcome, sonny and cher. charles: that was my favorite show, american style. liz: let's get to the markets. wall street watching stocks as merger monday is cautious. the dow looking at two straight winning sessions but the little guys are going big.

the russell 2000 jumping one full percentage point in a sign of confidence. the biggest chip deal ever dead in the water. nvidia and arm holdings calling it quits. pelotonshake things up announcing major layoffss and restructure. pfizer is 14 ahead as restaurants and other small businesses bust out of pandemic doldrums. francis is here with more on how his company is toughening up the payments game and how he will take on arrival square. howard stern says his head is going to explode because he doesn't understand what in fts our which he calls stupid. grammy award-winning artist neil knows what he's going to

do with non-fungible tokens. he's here live to tell us how he will be creating them with the help of loom as he develops musical fandom and make money at the same time. breaking news, bloomberg reporting microsoft pursuing a deal, no word on a price tag. microsoft made a $67 billion entitlement for activision blizzard. we are watching that story and what happened to merger monday, has morphed into terror tuesday. nvidia was up at the open but now is on the move up 30%. he raced those losses. simon seeger, former ceo of arm. nvidia wrapping up its

$40 billion from soft bank, the deal collapsed when it became obvious regulators in many countries hated this deal and would fight to block it. they are stepping aside and will prepare from ipo by march of next year. the hot gossip that peloton was in talks with amazon has gone cold, spiking 24% after john foley got ahead of anyone else. and expert insufficient business models will replace foley. the plan is to cut the exercise

equipment leaders 14,000 jobs. if you combine the spike on all the chatter, what a jump. it is a fall from grace. last year the pandemic market cap hit $14 billion. today it stands at $12 billion. kinley on, the research director and scott fruman. we will get to the uncoupling's in a moment but breaking news on the 10 year yield, often session highs. we are at one.957, the highest level in two years. translate what that might mean for stocks. it's not hurting them in this hour of trade. >> we are starting from very low levels.

people are getting little comfort and getting accustomed to the fact that the fed will tighten next month. they are putting aside concerns and concentrating on opportunities. those opportunities are coming from the fact the governors are talking about mask mandates. prices are going up. it is a good thing for investors. they are looking for opportunities. look at what airlines are doing and what leisure companies are doing. this is where they are leading. people are focusing on bargain-hunting and moving forward as we come out of the pandemic for the economy and lifestyle.

liz: i'm looking at airlines. united is up 4.7%. jetblue is up, i want to get to ken leon. does it surprise you the stock of gaetz 3 is foiled? >> great to be here. what we are seeing is an opportunity when there could be positive news but it is a lot of shortcoming. that explains the major jumps of the stock. when you look at the fundamentals, analysts will not be looking at positive earnings. there is time to execute manufacturing, delivering service, and just how many

users are out there. there is a demand question. you move from a fantastic growth stock story, now we are trying to figure out the franchise value. liz: there has to be major value in 5.9 million subscribers, the latest number we saw for the. i jumped on peloton and took a class, 310,000 people had taken it. you have a lot of people on this platform. would you call it a by at this moment? >> we have a hold on the stock, they don't have positive ebitda , and where the street was this morning, this ceo will take

time to execute and they've got to figure out where to manufacture and deliver to the customer and the program, you had cody to get that many hits. liz: it may have been cody and jim sherman as well. scott, yesterday, it was about mergers and acquisitions. in january it was the third biggest month for mergers and acquisitions, $364 billion a bad month. who knows what will happen in february? if you look at twitter, scott radler pegged twitter as a takeover target. kathy would of arc investment sold a bunch of twitter. it is a leadership area, it is

pretty much in all the subsectors but tell me what you think is the best opportunity? >> return to more traditional technology. a lot of these companies have taken hits. facebook or meda has taken a hit. they have been getting beaten up. that goes back to the fact that people try to go back to a normal lifestyle, they are sharing on computers a little bit. they are getting back outdoors. people want to be doing more normal things.

people staying home, they are getting unwound a bit. that is what people should be focused on. liz: peloton is a perfect example. i want to finish up on peloton? do they keep the streaming subscriber part of the business and split off the manufacturing and hardware part of it. and somebody to understand that more efficiently. >> they outsource the manufacturing but need control. that's part of the experience. if it wasn't true, i am not sure o term rate is as great as it is. they need to control the

equipment. to improve their profitability. liz: we appreciate it. the dow is up 276 points. amgen is the best performer on the dow and the s&p 500. the plans to buy back $6 billion worth of shares this quarter. first-quarter earnings surpass forecast, 2022 guidance fell short of expectations but that is not hurting the stock which is popping higher. harley-davidson shares dueling higher, reported a surprise for the quarter profit, 2021 sales rose for the first time in 7 years. for 2022 harley expects revenue to grow by 10% year over year

as it prioritizes higher margins and higher priced vehicles. is grub another victim of the reopening? just eat take away will be delisting from the nasdaq citing low trading volumes and low proportion of share value. the stock is up 3.8% but meal delivery services stock will trade on london and amsterdam stock exchange. meta platform is on the move after the company announced peter teal is stepping down from the board. meta down another 3%. teal was one of the earliest investors and advisors to mark zuckerberg. meta has had a horrific couple days, 30% of the company's value vaporized since its dismal quarterly earnings call.

during which zuckerberg blamed disappointing numbers and outlook on competition from tiktok. steel tariffs are so out but building new steel mills is in. grady trimble is in arkansas where the goldman shovel is in the brown today with deal that 10 year highs. we are waiting to get the story next. closing bell 48 minutes away. the dow jones industrials up 336 points, closer secession highs. the claimant countdown has so much more including neo who joined us live, don't go away.

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liz: breaking news. shares of an observer australian electric field charging company are electrifying. tritium up 34% as president biden and jane hunter announced moments ago the charger manufacture will build its first us plant. the new facility will produce

10,000 fast charging units per year and create 500 local jobs. this as us steel breaks ground on a new mill in arkansas. grady trimble has details on that $3 billion plant. so many plants are popping up, great news. >> reporter: this will double the steelmaking capacity in arkansas and the amount of jobs at us steel facility. it will be more energy efficient than any previous steel mill. this comes as the united states announced a deal with japan to do away with that tariff on imported steel. that tariff put in place by the trump administration. there are worries that removing those tariffs could cause the us to be reliant on foreign

steel especially from china but the ceo tells me it's a good deal because it's at the limit to how much japan can import and the tariffs kickback in similar to a deal with the european union last year. it is a credit not only to the biden administration but the trump administration who put these tariffs in place. >> you can't have a country until you are making steel, so many products. he understood that. he did some important first efforts. they had a good handoff. >> reporter: steel prices reach record highs in 2021 because demand soared leading to record earnings for steelmakers like us steel. this is boom time for steel companies according to the ceo.

that is why they are expanding. they chose arkansas, asa hutchinson told me they were given enticing incentives but they have a workforce that ready to work and proximities close to the mississippi river. they can ship it all over the country and demand very high for steel not only with infrastructure but cars and appliances. it will come from arkansas potentially in your next vehicle. liz: steel at a 10 year high, prices continue to go up. we appreciate it. grammy award winner neo diving into the meta-verse, joins us live next on why his new venture and music fans are about to have the time of their lives. ♪♪ time at a time in my life

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>> give me an example ? >> one of them is lyrics. very famous song like yesterday or something like that. >> are you buying? >> you are not buying for peace of paper the lyrics are written on. >> it's insane. liz: he said it is a scam. howard stern yesterday expressing frustration about nonfungible tokens, digital versions of songs that can be bought and sold.

recording artist neo has something to say about that. he's going all in by partnering with loom to create nfts that serve as all access passes so fans can unlock exclusive perks with their favorite artists. joining the is songwriter, actor and loom partner neo and max fergus. howard called nfts insane and a scam. tell me why he is wrong. >> he said he doesn't know what it is. what he was saying was coming from an agreement place. maybe you should get more info on what it is before you stomp on it. that make sense to me. liz: he said i don't get it but a lot of people don't. clearly you do.

tell me what you are going to be doing with your nfts and why people shouldn't fear that as something they shouldn't touch or own in the old-school version of owning something. >> i'm new to the nfc space myself. i do not think it is a scam. i think it is the future. my partner max is more versed in things of that nature. loom originally, we have been innovating fan and artist relationships in the realm of allowing fans to be on the ground for with an artist as they work their way up, supporting them either financial your whatever the case may be. we are switching to the nfc

space because that is the future. my tech tongue is not as poignant. i will let max explain. liz: max, what is it that makes -- i'm not going to use the word scam but a 1-sided relationship were only one person is truly making the money and explain how it is an opportunity for the fans and the artist. >> appreciate the question. at the end of the day it is new. consumer interest starts to increase in block chain. there is lack of knowledge about the innovation we are seeing so it will lead to skepticism like every invasion we've seen in the past. the volatility of the condo market is correlated to an nft

bearish block chain and consumers only see the bad. thousands of smart people build infrastructure, the dot.com bubble and the social media boom. looking at past data and innovations we've seen in the last five years alone in a new exciting future. liz: how exciting is it for you as you look at opportunities, what do you envision? how do you connect with fans, stranger songs or they came to one of your concerts? >> the plus for me to interact, i have been a visual artist as

long as i have been singing and writing. this allows you to introduce that side of yourself, another way to do the things we do. it makes perfect sense. liz: you are dealing with superstars and emerging artists. why didn't you go the talker -- the token route, a crack door open so they could get special offerings and t-shirts and that's the way to connect with their favorite team. >> using block chain technology, not just with these tier 1 artists but independent musicians we are launching the

all access path and our platform and the reason we went this route is to create art -- provide the easiest on-ramp possible. many of which for the first time, the larger goal is to provide artists and creators a long-term solution so by creating access we can build our artists community in this new space. this is gone beyond the one off nft model howard stern was talking about and provide fans the ability to participate in the success of their favorite creators and get rewarded for being part of the digital communities and one of the things we have been seeing in the last few months. liz: if howard were in front of you, what would you say and will you send him an nft?

educate him. >> i would say if you're confused, there are a multitude of people who could explain it in layman's terms and we could have this discussion. liz: thank you for joining us. please come back. good to see you. one of the hottest trends of the past year, hoping to ring up big returns with the global rollout of its all-in-1 solution. next, enabling big companies and small ones to do crypto. the dow jones industrials

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just pick up the phone and call us money reserve. with more than a half million clients worldwide, us money reserve is one of the most dependable gold distributors in america. liz: i need to show you the dow jones industrials. we hit a new session high jumping 390 points. pretty stunning. 392 to the upside. we are 365 at the moment but this market is like a wave that is moving higher. all green on the screen, the s&p by 35. better-than-expected fourth-quarter results, as the pandemic accelerated the move to digital banking.

the natural technology services provider pulling back by 5% but pfizer sees organic revenue growth of 7% to 9% versus a gain of 11% in 2021. this could change because pfizer acquired more of the pie. how is that going to happen and can fiserv acquire block? the ceo joins us in a fox business exclusive. the price indicates the bloom could be fading off the road -- the rose. i don't see the world going back to old-school banking. how should investors view your position? >> our job is to support financial institutions, credit

unions while driving commerce. where a company designed to serve all forms of money movement, embedded in innovation and we love to innovate with our clients. liz: part of the innovation is acquisition of sintech. what does this do for your customers and is your customer base growing to the point you see people won't turn back to old-school banking? >> it designed financial institutions and financial

institutions are our core in terms of how we think of serving their clients. very large business with clover which has been exclusive in growth and volume it the 50% mark. it is complementary technology preparing financial institutions for the digital transformation attaches well to whether technologies we have to serve clients. it is built by a fabulous group, frank sanchez, fabulous leader, 140 person company, designed to serve their clients much better.

liz: talk about a full-service operation to me your enabling a lot of companies to transact with crypto currents he. what growth of you seen? >> we had the point of view that we were going to enable in many ways, to see demand and bringing that to clients and partners. digital disbursements are very large. we and able crypto at the point of sale. we haven't seen demand there but whether it is through clover or one of the other software partners our job is to make sure any way people want to move and transact we do it

for them. liz: i can't let you go, you worked at jpmorgan and the big financials. everybody is predicting all kinds of rate hikes, what are you expecting and how will that impact your business? >> we have seen through the december range and we are prepared. we have a business that is able because of its size and scale, to perform well even in inflationary times was businesses serving banks and small business and enterprise clients globally. it is global business. we are prepared and we thought

about inflation in the single-digit rate. liz: you think about rate hikes? >> if i knew that answer. we would be talking about something else. liz: great to have you, thanks for joining us. >> have a great day. major head funds reacting to a department probe into activist shortselling. charlie gasparino looks at which firms are in the process now. with the dow up 388 points, the 10 year yield at 9.577%. how did urban air founder michael browning sustain a chain of adventure parks which

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liz: look at pfizer shares, sinking 3% after fourth quarter revenue missed expectations which is stunning because drugmakers revenue grew 105% to $23.84 billion.

wall street is like you missed our consensus of $21.6 billion. pfizer projectable selloff at $1.6 billion of its covid 19 shots and antiviral coronavirus treatment bill in 2022. pfizer is dragging down a lot of vaccinemakers and novavax, being hammered after reuters reported the company has delivered only a small fraction of covid 19 shots. heard hedge funds are chewing their nails after department of justice launched an investigation hunting for evidence of trading abuses by short-sellers. the doj is naming names.

has anybody received a notice? charles: your hedge fund, the bad news, looks like gary gensler is cooperating with the doj. it had come out, with senior doj official. there is coordination going on. hedge funds that published research or sell their research, other investors could trade off of possible manipulation. this is a long way from a case where people are shaking in

their shoes. two firms am i think it is just a handful. most of the people, a list doj is asking for information about they have not gotten subpoenas. such cases are difficult to bring. in 2005 i did a lot of reporting, selling stock manipulation with research, a lot of this is first amendment back. i believe it is negative on stock, give it to someone who trades on it, do they manipulate stocks?

extremely hard to prove but that is where we are. may be it's a fishing expedition. i hate -- this thing is coming -- this thing is coming out of los angeles office. not exactly, one of the more premier doj offices when it comes to white-collar crimes. no offense. i think it is probably located in beverly hills. liz: they are working hard. before going to craig's and hanging out downtown and taking depositions. liz: quick question about this.

andrew live is a pro, he crosses his teams and.plaps his eyes. what will they find? charles: i spoke with andrew, he would like to respond but he doesn't know what he is responding to. he publishes research. there is a first amendment. i had a lengthy conversation with him and that is why nothing has involved this. it has been investigated in the past. liz: look at the dow up 383. we have a new high up 399. we have a big push higher, the nasdaq is up 172 points and climbing. we are coming right back. certified turbocharger, suspension and fuel injection.

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♪. liz: whoa, what did i say, we like the wave is pushing higher. look at the dow at session highs, up 428 points. nasdaq climbing up 201. come into the session the nasdaq high was about 190 points. really kind of building here. look at russell, we're at session highs for the small and mid-caps, 1.6% or 33%. when the small caps outperform that can sort of be interpreted as confidence in the reopening of the economy at the moment. we're seeing some strength across the board. well the oscar nominations came out this morning with netflix's "the power of the dog" receiving 12 nomination including best picture. netflix is up 2/3 of a percent. today's "countdown" closer is not picking the streaming giant. doesn't agree with those that think this market is long in the tooth. so all right, let's bring him

in, hennessey funds chief market strategist and portfolio manager neil hennessey. those are two totally separate things. forget about netflix for a moment. netflix has been an interesting play lately. talk to me about long in the tooth. you feel we have a lot more to go. this isn't one of what people have described as bear market rallies which are violent an exciting but really don't amount to much. >> we've had 20 market declines over the last 10 years since 2010 between five and 10% but they were short-lived meaning that from peak to bottom back to peak was 32 trading days, liz. we have seen seven market declines over 10%, they were only 127 trading days from peak to got back to peak. essentially when you look at the market overall it is in very good shape. there is no knew for yaw out there. you have to understand there has been pockets. for instance the best way i can explain it, liz, to you in 2021

if you took out amazon, apple, google being microsoft, tesla and facebook, the nasdaq although it was up 22% would have been up under 9%. so you had six companies that were high growth that were controlling the market. but that leaves so much value to be bought out there that will continue to march the market towards 40,000. liz: yeah. doesn't facebook list on the new york stock exchange. i want to make sure we're correct on that. yeah, if you go, the dow jones you will have some in the dow jones but if you look at the dow jones is up approximately 21% but excluding those companies i named -- liz: gotcha. are you all-in here? we're seeing a pop. would you buy here? >> yeah, i think the market, you have to buy value, you have to buy good-looking stocks and companies and stuff and if you look at january, for instance, dividend-paying stocks

outperformed non-dividend-paying stocks on the s&p 500 for the month of january by 6.6%. so there is plenty of room out they're to buy companies. [closing bell rings] liz: sounds like it. neil hennessey, great to have you, my friend. another day in paradise for the bulls. markets closing at session highs. "kudlow" is now next. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. i want to begin tonight with save america kill the bill but in this case it is not bbb. it us a downsized big government socialist bill called the competes act. it isn't five trillion but it is $350 billion coming out of the house, following 250 billion bill out of the senate. it will move to conference. it's a terrible waste of taxpayer money for industrial policies, corporate