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tv   The Claman Countdown  FOX Business  February 9, 2022 3:00pm-4:00pm EST

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think we can get to 47.26 and it won't be one day, but i think we're moving in the right direction. remember, the experts are all leaning in the same direction and that kind of gives me confidence that maybe for now, the worst is over. i say that as i hand the show over to my colleague, liz claman , liz, over to you. liz: [laughter] until we get the cpi number tomorrow. charles: we might need it on steroids. liz: you and i, we really need to pump up and do some red bull in advance of that number tomorrow on inflation. charles thanks. tech is putting investors through the paces as the nasdaq leads the market higher, the dow looking at three straight days of gains jumping 286 points, but could it be the calm before the storm, ahead of that key inflation indicator, that comes out tomorrow morning. s&p up 55, the nasdaq charging higher by 241 points. forget the book of of effects,
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disney is about to crack open its own books, our power panel is here to tell you what to expect and whether those reddit rebels who are calling for the ouster of mouse house ceo bob chapek has any juice and it's a crypto paper, a financial writer turned rapper, nabbed along with russian-borne husband caught with billions in crypto in the biggest robbery in u.s. history we're going to take it up with crypto entrepreneur o phelis schneider who is working with cathie wood to bring a bitcoin etf to market in a fox business exclusive in the meantime breaking news we are indeed watching utility stocks right now because the top ceo's in the sector are meeting right at this moment with president joe biden, you see this on your screen, he's in the white house state dining room. leaders of edison international, southern company, american electric power, ex elon, duke energy, and more are expected to push the president for new clean
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energy tax credits and and reveal their plans to build a low carbon energy system. edward lawrence live at the white house, edward? reporter: yeah, the president right now as you saw in that video talking with those ceo's in the room there he's talking about climate change and one thing the shift to clean energy, as another, they are also talking about the power grid and climate spending on the power grid. you see them there in the room with the president in the middle socially distanced. now, $62 billion in the bipartisan infrastructure bill will go to utilities, with the goal to invest in american manufacturing and workers on utilities, expand access to energy efficiencies, and clean energy for communities also build technologies of tomorrow through the lens of clean energy not a lot of specifics. we'll see we have the president speaking moments ago. listen. >> and then we're investing in clean energy, as a stronger, more resilient grid, 100% clean electricity by 2035, and that's
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a major piece of the puzzle in one of the commitments that i made we would try to do. reporter: now, $11 billion of that money will go specifically to deal with weather events as well as cyberattacks and that's especially important now that you have actors like russia and china out there testing u.s. vulnerabilities. now, it's interesting that we had big ceo's this event today was big ceo's, yesterday, so big ceo's, but carolina gomez works with the dc small business development center, and she says that as a small business consultant, it's important the white house stop thinking so big. listen. >> while businesses need to have a bigger voice, i have not really seen small businesses be involved in these conversations. the smallest of businesses that i've seen is still very large business in the pool of the array of businesses that are out there, so yes, it's very important that small businesses have a voice, because they're
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the ones that are being impacted the most. reporter: as you know, small businesses hire 60 million, 61 million people and that's 47.1% of the u.s. but today the president talking to those ceo's of the utility companies. he's talking again about the shift to climate-friendly green energy, and how to make that shift faster. back to you. liz: when you talk about utilit ies, edward, obviously, we're talking about the grid. we're talking about electric vehicles, and the charging, which president biden has been so passionate about. it has been left on just about no one, that the biden administration has completely ignored tesla. i mean, look at the stock right now, because yesterday, after playing mean girls and not inviting tesla or elon musk to any of the events, meantime they're the biggest disrupt or when it comes to ev's president biden finally acknowledged this company. listen to what he said. >> from iconic companies like
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gm and ford building out new electric vehicle production to tesla, our nation's largest electric vehicle manufacturer, to innovative younger companies like rivian, building electric trucks, or protera, building electric buses, which i saw in a virtual tour last year when i met with the ceo virtually, and they really expressed me. liz: so he finally comes through , i don't know if he's going to invite elon musk to any of these big events but the fact is that tesla is a non-union shop and people believe that that's the reason he's never been invited to these events. reporter: yeah, and one of the biggest if not the biggest e v auto maker and a trend-set erin that space there, it's sort of the big white elephant in the room here, that could not be ignored and i think the pressure from that and pressure from elon musk himself forced the president to making that mention but you notice it was just a little mention, oh, by the way, they are one of the
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leading electric car makers in the united states, and then he went on to talk about other companies, but yeah, it's one of those big with the pressure from outside is probably the reason this ended up in the speech because you can't just talk about ford and gm, you have to talk about tesla. they were the innovator in electric vehicles going forward. liz: yeah. tesla moving higher by about 1% edward thank you. we've got this fox market alert right now as we kickoff the final hour of trade. the dow, s&p, and nasdaq have now erased their february losses but considering we have seen sharp moves in pretty much the last 40 minutes of every session lately, can these gains hold? that depends on the 10 year treasury yield. look where it is right now. it's hovering at the moment below the highs that we saw yesterday. we're at 1.933%, yesterday we were at 1.96%. so what we're seeing is certainly a calming down as the big kahuna of inflation indicators, the january cpi, consumer price index, comes out
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tomorrow. it's forecast to show a pretty stunning number that consumers and their prices continue to rise at an annualized pace of 7.2%, the biggest in 40 years, pretty incredible. now if you see anything bigger than that number, that may force the federal reserve to yank up rates not just by a quarter of a percent, but by 50 basis points in march, versus the quarter point hike the markets are pricing in for the march meeting fed chair jerome powell has not taken the possibility of a half point rate hike off the table and the unexpectedly strong january jobs report also provided support to the chance of that happening, so, what do you do ahead of that cpi number that comes out tomorrow as far as i can see you've got about 53 minutes left to make decisions for your portfolio. let's bring in our floor show traders chris robinson, what are you seeing in the options market , what are sort of the smart money investors doing ahead of that cpi number? >> well smart money, you got to
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put that in quotations, right? so we'll see what happens, but you see a big increase in the previous, you were talking about the put-call ratio, right? there's a big interest and a big jump in the level of puts. what's a put? a put makes money if the market goes down is what it comes down to and given the volatility that we had we had a 10% correction of the dow we clawed back about 7%, we had a 12% correction in the s&p, we've crawled back about 7% of that so we had a good bounce. the nasdaq, not so much, nasdaq is still about 10% off its highs , so if you don't want to be getting in and out of all your stocks, you buy a put. if you want to hold your stock, the put option is a safety net so people will buy puts in front of these reports, and that way, they can stay long and yeah, if the market breaks, the put value increases so it helps cushion their loss by owning the stock. that's it in a nutshel, and some people call it a reverse indicator when you see a lot of
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people buying puts it's usually reverse indicator, where lots of times we'll have a rally so i would not be surprised tomorrow to see the rumor, everybody is priced in 7.3%, it could come in higher and at the end of the day , we could, we've already , we could have already baked it in so i would resist the temptation to be like a knee jerk seller if we get a big number tomorrow. liz: okay, what about you, teddy and is there anything that investors should be doing ahead of that number in this final hour of trade? >> well, you know, i can't speak for everybody but liz, i wouldn't buy or sell anything prior to a number, whether it's an economic number or an earnings number. i think it's just like rolling the dice, to me, it's just gambling and it's not investing, but generally speaking, inflation is a big problem, higher interest rates are certainly coming, and i think investors have had plenty of
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notice and continue to have plenty of notice and it seems to me that the focus needs to be on companies and sectors that will take advantage of that type of environment. it's financials, it's companies, it's commodities and if you want to hedge against the volatility, then you buy the exchange stocks like in the ice or even a virtue, which reported great earnings yesterday. there are things that you can do but clearly, i would not do anything in anticipation of a number either good, bad, or in different. it's just too risky. liz: you know, that is interesting, as you look at say, for example, ice or cme group, which listen, folks those are the toll roads, people if they want to trade anything, buy, sell, options et cetera, with the cme right now is up 3.5%, it's about a 10% year-to-date gain whereas a lot of other companies out there have seen i
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guess you could say a correction to anywhere from a correction to a bear market territory move. chris as we finish up the federal reserve, i think teddy's right, come on. its been well-telegraphed we're going to get a tightening that's not necessarily bad news, you have higher rates when the economy is standing on its own two feet, which it is, and so therefore, doesn't that mean that equities can still absorb any kind of shock from that, and they can still make money and have positive earnings going forward? >> yeah, i mean, the historical data where interest rate market doesn't automatically mean a disaster for stocks, and that's, i think, one thing people need to resist against. we might not get 20% a year like we have the past three or four year, that's been unusual, but the historical rate of return for owning the s&p has been 8% to 10%, figure 10% so we may get back there, and so i think that assuming that interest rate hikes, they are definitely coming. the fed funds is telling you that there's four to seven hikes
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coming, the market knows this , and yet, we are, here we are, we're five or 10% off the all-time highs. i think the markets factored it in. liz: teddy, chris, we'll be watching and again the number comes out 8:30 a.m. eastern time cpi. all right stay tuned for that we do have the 10 year yield at 1.935%, hollywood is already hunting for screen writers after this arrest. crypto's bonnie and clyde facing justice after a bitcoin heist turns into the biggest robbery in u.s. history. $3.6 billion. could the seizure of that money in stolen bitcoin actually provide the push to get the first bitcoin etf final ly across the finish line? crypto genius ophelia schneider is here on her deal with cathie wood to bring a bitcoin etf to market, a fox business exclusive closing bell 48 minutes away yes the dow is up three-quarters of
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a percent or 252 points but the nasdaq is a percentage leader up about 1.6% trailed only by the russel, up 1.5%, "clayman countdown" 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 ♪ cool ♪ ♪ breeze from the air ♪ ♪ wind ♪ ♪ blows through my hair ♪ ♪ don't care ♪ ♪ if people see my dancing in my car ♪
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liz: they are already being called the bonnie and clyde of the crypto world, heather morgan who calls herself the crocodile of wall street both still in customer at this hour, after the department of justice traced billions of stolen bitcoin worth of stolen bitcoin to the millennial couple's crypto wallet, excuse me, at 3.6 billion, its being called the largest financial seizure in u.s. history, the husband and wife duo are alleged to have laundered nearly 120,000 bitcoin after a hacker breached crypto exchange system in 2016, and while the crypto world awaits approval from the sec on a bitcoin spot etf, could this seizure prove that crypto is traceable, actually help give the bitcoin etf a big push? ophelia schneider is 21 shares
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and co-founder and president actually currently partnering with ark invest ceo cathie wood to bring a bitcoin spot etf to market and you're not the only one, ophelia, but look to track down the stolen bitcoins investors were able to navigate a complex web of aliases and bogus accounts, i mean this couple had allegedly set this up to launder the money, doesn't that in a way prove that crypto isn't totally anonymous and therefore is not the safe haven for criminals regulators in the past claimed it is. >> absolutely. this experience proves once and for all that crypto is not anonymous. crypto has always been where you have these strings and you can actually trace the balances where they've come from through every account they've ever been in since that bitcoin was mined all the way through today. it's not something that's really doable and other types of financial systems and really should give people a lot of comfort about the factor. liz: yeah, this is a couple and
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right before that, you saw heather morgan, the accused, doing her little rap video, but as i look at this situation at the moment, that has been what's held up a lot of these bitcoin spot etf proposals. there are a lot of bitcoin etf's now that are futures-based and we can look at some of those. those have been approved but to have that direct sort of payment bitcoin for bitcoin etf has not been approved, where do you stand? i know that you can't get into details about the bitcoin etf that you are proposing, i believe in partnership with cathie wood. what makes yours special that you would say to regulators, approve ours first. >> so i think fundamentally, it's important to realize crypto is a very technical field. these are not, these markets operate slightly differently, the infrastructure that underlies these markets is slightly different and it allows really great things like the ability to track something
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like this heist all the way through infection and actually recover these types of assets but on the other side it does require an in depth knowledge of how this infrastructure works, and a big part of what we bring to the table essentially as a company is we've been operating spot crypto products for years and we've seen them through both these tumultuousness of the markets, high volatility periods, and other more crypto- specific things and we really do know how to handle them and that's really what we've been focusing on along with the increasing maturity of this market. liz: your bitcoin etf, the spot one, is under review with regulators in the u.s. a decision is expected in april. as we look at the price of bitcoin over the longer term, it has definitely fallen from its recent high of $69,000 per-coin to where it is right now at 44, 455 at the moment, but i look at
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what happened with this crypto heist and with this rapper, you know, crocodile of wall street, the allegation that they had taken back then in 2016, what was worth $71 million worth of bitcoin, but since then, over the six years, it was now worth more than 4 billion, they only recovered 3.6 billion, but doesn't that also speak to at least giving some credence to the idea that bitcoin does hold value, and does increase in value, and is an investment that isn't just fly-by-night. >> absolutely. i think if you look at the fundamentals of the space, the development that's happening , the innovation that's happening, this is really the next frontier in financial technology, and so you have this dichotomy between the need to focus long term on building infrastructure, building things in this space which is still so nice entertainment, against actually getting that realtime
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pricing, because of the liquid nature of the underlying, it's almost like pricing venture capital investments in realtime, and that means you're going to see more volatility but it also means that you can actually see significant upside that you wouldn't necessarily expect from a more mature investment. liz: well, we're watching, and i want our viewers to know that one of your companies, 21 shares , is based in switzerland which is known as , i believe, crypto valley for your very crypto-friendly attitude at least certainly the leadership in that community, where you are allowed to pay for taxes, pay your taxes in cryptocurrency, so there's a lot to be learned, perhaps as these different areas start to develop, ophelia please come back thank you very much. thank you. liz: all right, look at the nasdaq, yes, it is definitely climbing. considerably higher up 236 points, but let's not give all
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the credit for today's rally to big tech. a chorizzo bowl with a side of g uac going down very easily for chipotle shareholders, what was in its quarterly report that has investors ordering up more, we'll tell you straight ahead, closing bell 38 minutes away dow is up 263.
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liz: fox business alert, it takes a really great earnings report to wet investors appetite and chipotle mexican grill served it up. with about let's call it 33 minutes left to trade, cng on pace for its best day in seven months, up 9.7% right now, to $1,602 a share. the burrito chain reported comp sales growth of 15% for the quarter helped by higher online sales and price increases for its rice and burrito bowls
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and cmg had no problem passing on high food costs to customers and chipotle said it expects prices will go up again later this year. so, if cmg was able to do that what happened with the yum brands parent of taco bell, kfc and pizza hut said higher costs weighed on profits leading to quarterly earnings miss, revenues slightly beat estimates you're seeing yum brands higher by 3%, yum restaurant chain saw shrinking margins but reported higher same-store sales with taco bell leading the way. cvs plumbing the depths of the s&p despite beating fourth quarter profit estimates the pharmacy chain trimming the bottom range of 2022 guidance from cash flow from operations saying it expect s that due to the wanning of the omarosa variant lately stores will eventually see a 70-80% drop in the number of covid-19 vaccines its drug stores will administer this year, cvs down 5.5% but
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right in the top 10 of the s&p the parent of fox business network, fox corporation, shares pumping higher by 7% at this hour, after reporting higher quarterly revenue propelled by strong ad sales from its news programming, live sports and streaming platforms as well, second quarter revenue rose to 4.44 billion, the company's cable programming unit which includes the fox business network, fox sports 1 as well as fox news, generated a 10% increase year-over-year. that's all charles payne. he did it. the reddit rebels have a new target, they are going after disney ceo bob chapak, calling him bob paycheck, and criticizing him for jacking up prices and failing to cut wait times for popular rides like the millennial falcon, at the parks that they have. do they bring and do they have
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the power to take the disney hon cho down or is this a joke? we'll take it up with our power panel ahead of the mouse house's quarterly report closing bell about 31 minutes away, the dow trying to get higher by 300 points we're up 289 right now, s&p seeing a gain of one and one -third percent the nasdaq up nearly 2% we're coming right back. i'm gonna earn 3% on dining including takeout with chase freedom unlimited. that's a lot of cash back. are you gonna stop me? uh-oh... i'm almost there... too late! boom! earn big time with chase freedom unlimited with no annual fee. how do you cashback? chase. make more of what's yours.
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this , as the happiest place on earth, is set to release its quarterly report after the closing bell the stock is moving higher by 3%, disney estimated to hit an eps of $0.63 and $20.91 billion in revenue. let's bring in cfra research senior analyst tuna amobi who slated co founder and executive which is a film packaging and financing site. great to have you both all right , tuna go for it. what are you expecting here and what is the most-important thing chapek has to do to calm people out there and do you put any crude ensemble into this reddit website that says this guys gotta go. >> um, good afternoon, liz. no, i think really, its been a baptism of fire of sorts for bob chapek. he hasn't had an easy ride at all. it seemed like the pandemic really threw a major curve ball at him. i wouldn't quite frankly put a lot of credence on what's going
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on with the reddit crowd. i know everyone wants to hear some of these, you know, governance but what's different now is that you've got a pretty new ceo whose trying to get his hands-on the ball. streaming is going to be a huge part of the outlook and how investors perceive this name. i think we've seen some of the other platforms that reported raising some concerns about the deceleration in the secular growth outlook for streaming. we think that those concerns are overdone. that being said, i think the expectations for this quarter that disney is going to report are very very tempered. i would look to the back half of the fiscal year, for some type of reacceleration, so if you're a disney shareholder, obviously, you're not pleased with the way the stock is underperformed over the last couple years, but on
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the positive side, you know, you've got some of the major traditional businesses really gaining some traction coming out of the pandemic. we know the theme parks has been really getting a lot of the benefit of significant pent-up demand and i'm talking about the criticism against bob chapek. the pricing power is really through the roof if you're a theme park customer you're really feeling that pain but that's a good thing, if you're an investor because that really shows that there's a lot of people out there waiting to get back to the theme parks, and that business, as you know, liz, took a major major hit, so when you balance everything out, we're still kind of pleased. it's kind of still too early to make a definitive call out there this is a marathon, and not a sprint, so that's why we cannot have a buy recommendation right now. liz: well because we're still, you know, seeing after effects
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or the effects of the pandemic. steph, clearly tuna is a believer in disney. here is where the problem comes. yes, they have some momentum behind their streaming although it slowed down in the last quarter. i look at this and i say, they have too many masters to deal with and to please, when it comes to content. they've got the streaming business, which is really hungry for great content, but they still have their linear legacy business. their channels out there, disney channel, fx, and espn, they have to fill that with content and people are cord cutting so how do you square the two, especially considering that each let's say disney, you know, group of channels out there, the old linear cable and satellite business, is about $17 per subscriber yet it's just 6.99 per subscriber for disney plus. >> well, i think there's much to do about nothing here and i don't really focus ever on the short-term earnings. i look just at the macro picture
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, so first off, just like when tim cook took over from steve jobs. that was a very big act to follow and same thing here is following bob iger, was no easy task and taking over when the pandemic hit was herculean effort. i think overall he's done a really good job all things considered. now, regarding disney's stream ing prospect, this is still all about a hit-driven business and the beautiful thing is that unlike netflix disinto it is highly diversified with their revenue lines. they got their theme parks, yes maybe there's pricing issues there but again, they own that market, and they can raise the prices, and they also have box office. they're going to be releasing black panther, they are going to be releasing another thor, there's a dr. strange, another pixar movie. they have a lock on major ip franchises hitting the box office this year, all of
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which can go into their stream ing platform, so i think ultimately, the name of the game is if you can generate hits on a quarterly or more-frequent basis you'll keep drawing audiences in whether it's stream ing or box office, disney is the best at this. liz: tuna, we're looking at the way they do draw people in. they've got the great franchises with star wars and marvel; however, when you look at the streaming, they've got all of those people now. they've got all of those customers. how do you get the customer that likes the content, that's out there say on netflix, the bridgerton or anything, you could look at squid game or what was the chess one? my favorite, kobra kai. they don't have that stuff yet. that's a great question, liz. what i like about the strategy at disney is really adopted here , is call it a four quarter strategy, so when you kind of look at disney plus platform, i think they really done a great
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job to kind of put in content there, that appeals to us broad audience demographic is possible and that's really the playbook here that we see a lot of streamers trying to adopt now it's also a good idea to have niche and differentiated content but ultimately, if you want to be successful in this game, you've got to have content that appeals to a very wide audience, not just internationally and also not just the u.s. but also internationally. one of the things that disney has emphasized as they continue to launch globally is the idea to really invest heavily in local and regional content, and they have like literally hundreds of shows of local and regional content in the pipeline , as we speak, so which is why they kind of talk about doubling the amount of content they have this fiscal year, and you can look for that spending to hit north of $10 billion in a couple years from literally 2 billion, so this is a huge undertaking and it's really not for the faint at
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heart, and i think investors understand that disney is on a much very different trajectory compared to netflix, which took a much longer time to get to their first hundred million at a much faster pace but you're likely to find some speed bump and that's really what the trick has been lately. liz: i'm rushing you along because steph, we only got a few seconds but what is the biggest blockbuster that will come out this year that will really help disney? >> i mean, on theatricality could be black panther or dr. strange and we all saw how spiderman just performed but also on their streaming service ob-1 for sure is a huge draw. liz: okay great to see you both, tuna, steph, great to have you we'll be watching for disney bum mers after the bell. we are coming right back with charlie gasparino.
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liz: a mega media deal clearing a major hurdle today, u.s. regulators approved the $43 billion spin-off of at&t 's warner media to discovery the deal creates a new media and entertainment giant called warner brothers discovery. the companies plan to start a warner brothers discovery stream ing service as well. discovery and at&t higher on the news, up 5.7% at&t up 2.7% but discovery stock has been stuck in the mud for years. down 35% over the last 52 weeks and trading at nearly the same price it was at 20 years ago. right now, discovery at $29.84. now despite clearing the regulatory hurdles, all is not smooth sailing at warner's c nn. more controversy around the departure of cnn chief jeff
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zucker. charlie gasparino is here with more. charlie: you know, liz, if you know david zazlov like i do, and if you know who runs discovery, if you know, i don't know john m alone well i might have met him once and if you just know the people at at&t the last thing they want on their plate as they do this deal and trying to put together these two companies is this you know what storm that is developed between after the firing of chris cuomo and now, the ouster of jeff zuc ker. it is messy and from what we understand it is going to be messier. here is interesting behind the scenes stuff. i don't think we need to go through the whole sorted details chris was fired in december by z ucker, his long time friend and friend of his brothers because zucker stepped over the line in fighting his brother and chris will fight that firing saying it's unwarranted to take
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everybody to arbitration and going to say the advice he gave his brother and this is where it gets really interesting and is put out there, was no different than the advice zucker was giving his brother when he was trying to woo andrew cuomo to come on cnn during the early days of the pandemic. this is now nutty this gets when this gets out there. on top of that chris cuomo was telling colleagues he did not, because they think it's him, he did not rat out jeff zucker and his affair with allison golast, which nominally was the reason for zucker stepping down at least that's what the they put out publicly. he told them, he's never told anybody he nor his lawyers have not told anybody at the network or warner media about this affair, that this came up separately, and this is where it gets really interesting. all he merely did, apparently, is say, alert them that his
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lawyers wanted to pose zucker and golast. that's kind of interesting, where do they want to depose him on? i don't think they want to depose him on the affair but what kind of dealings zucker was doing politically with his brother. you know, you have to go back in time to understand why zucker be so intrinsically involved in and andrew cuomo and golast, his right hand person who was also a flack for governor cuomo not too long ago. you know, andrew cuomo was big ratings news in the early days of the pandemic and getting him on cnn which he mostly did was not, chris is arguing it's not really him that got it. it was management that did it, and they woo'd him so this is going to get very interesting. on top of all that there's a thing about cnn-plus and this is the behind the scenes speculation. even inside cnn, that they think current management, now it's discovery, it's david zazlov,
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and john malone to a certain expect because he's the biggest shareholder in discovery and thus has a say in this whole deal. they are not big proponents of a major buildout of cnn plus, that zucker was and if you notice zucker is out so what happens to cnn plus if they aren't going to do as much original programming as they initially promised if they are just going to rerun don lemon on cnn plus. that is a huge issue right now and people are talking about that internally. we have gone to cnn and discovery about that. they have not returned our calls for comment, but that is something to keep your eye on, liz, this whole thing sort of unfolds. where is cnn plus which was billed as the next generation of cnn, chris wallace formerly of fox went to anchor on cnn plus. liz: left. charlie: where is that going to be, how much resources, i hear
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david zazlov is not a fan and they are talking about cutting back how much money they are giving, what type of programming they are going to give to it, because they just don't have it, so anyway that's where we are. liz: and charlie? charlie: yes? liz: i'm getting some news that your name was invoked during a senate committee hearing for gi gi sohn trying to be the fcc chairwoman. listen to what she said everybody, breaking news. >> so i appreciate, actually, the expressions from both sides of the aisle that you recognize i am qualified. i don't know if i'm brilliant although charlie gasparino did say that on fox news, i thought that was pretty cool on the tucker carlson show, who would have thought? i appreciate that. charlie: who would have thought? liz: tucker, forget tucker you said it on my show weeks ago. tucker. charlie: yeah. [laughter] by the way, whoever thought i was cool? or anything i would say is cool certainly not my nephew and
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niece. they are like uncle chuck is not cool. liz: uh-huh, yeah. neither am i. great to see you, charlie, thank you very much. all right, rules of the market road usually a big secret only the wall street biggies know today's countdown closer is about to reveal the three steadfast rules of the road she says investors must follow in order to successfully pick stock find out what they are when the "clayman countdown" comes right back, s&p is up about 65 points but the nasdaq just hit a session high, climbing 291 points. . .
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british columbia is paving the way for low-cost, low-carbon nickel production for the booming electric vehicle market. fpx nickel. ♪. liz: closing bell, we're about 3 1/2 minutes away. look at this rally. and by the way the russell has been killer but the dow transports are hitting a session high up 2%. right now avis and ryder are the
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top gainers of the index. look at this a 300 point gain for the transports. er shares, coo chief investment strategist, eva otto. there are rules of the road but this road has gotten really rocky. there is so much volatility in n the first few months of 2022. what are the best ways to successfully pick stocks? >> there are three rules we're watching, revenues, costs and cash flow and the key question here are they increasing at a singular rate or not? this inflationary market is really tough for companies dependent on labor costs materials, and they have inflation issues. even though companies are able to grow their top line their ng and a costs, their costs are increasing at a faster pace. so as a result even though they're growing the top line the bottom line is not growing at
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such a fast rate or not growing at all. so it is really key to watch for the bottom line in this market. liz: so who fits into this three-pronged parameter you just put forth. >> there are two comes that they picked with these parameters. nvidia and navistar. nvidia is growing very fast with 64% revenue growth, even higher earnings growth of 115. it fits that category of a company increasing top line, reducing sg&a costs. as a result it is widening its margins. same thing with upstart. same category. it was priced 100 and now it is $112.
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i think it is a platform that is key for the future. liz: a.i. cloud lending, interesting platform there. i have to ask but the rally, what you expect for volatility. we have about a minute left. >> i think volatility is here to stay until we see, we have better clarity what is going on the geopolitical issues and international front. we're watching this very closely. then what is happening with the rates. how many rate hikes we're going to have, when will, how many are they going to be, how much they're going to raise rates. those two key fronts will exacerbate volatility in the short term. liz: well, yeah, right now we have no volatility today. the vix is down. so there isn't a lot of worry but where would you avoid, which area in the markets? >> so that said, the tricky part here, i think it's a stock-pickers market because it's a company by company assessment. "faang" showed in a big way you
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had facebook and netflix are struggling and facebook and apple are thriving. that is what happens. [closing bell rings] liz: great to have you, eva ad-es. off the session highs, the nasdaq is winner up 2%. "kudlow" is next. thanks for joining us. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. with inflation raging it is public enemy number one in all the polls, a heavy dose of consumer pain when buying groceries or gasoline or home heating fuel, you would think president biden would appoint people to the federal reserve that would understand the importance of curbing inflation. think ronald reagan and paul volcker 40 years ago. but no, once again, biden has gone big woke.

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