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tv   The Claman Countdown  FOX Business  February 17, 2022 3:00pm-4:00pm EST

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field. it has been unlevel for a very wrong time, and individual investors have paid a price for it, so this is a step in the right direction. all right, liz claman, this market is in free paul, feels like the only thing that might stop it is the closing bell. liz: well, yeah. i don't think so, charles. we just hilt a new session low -- hit a new session low, down 552 points on the dow jones, the nasdaq down 345. it's very difficult to remember the last time investors had to grapple with both what appears to be an imminent war and a federal reserve that's pounding the table on rate hikes. faced with both, investors are piling into safe haven gold. shortly after noon eastern, the yellow metal charged past $1900 a troy ounce. about 30 minutes later, to a session high of $1,903. we are just slightly below that right now for a gain of 1.6%. stocks turned russian red are at the open, and at this hour we
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are pretty much at the lows of the session. we do have the nasdaq down 344 as president joe biden and defense secretary lloyd austin both say evidence shows russian troops are not pulling back from the ukrainian border, they're moving forward and have surrounded the eastern european nation if, ukraine. and u.n. secretary jens substituten burg says reports of shelling may be the start of vladimir putin's expected false flag operation, a hostile move disguised as an attack by an unknown group that's been used as a front to lure ukraine into war. the the vix, volatility index, reflecting some pretty serious market anxiety. we are up 12.9% at the moment for the fear index. the crowd saying that the russian attack on ukraine could come at any moment, that would be cybersecurity experts who say the war has already begun after hitting a one month high yesterday on news ukraine has been hit by the worst cyber
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attack in the country's history, crowdstrike's ceo is going to join us live. he'll give us the threat assessment on what the u.s. is now warning could be a possible spill ifover of cyber attacks on u.s. businesses. as the dow continues to drop to new session lows as we speak, now down 554 points, let's us take it to the ground in ukraine. fox news correspondent lucas tomlinson. lucas, what can you tell us? >> reporter: liz, i can tell you it's cold, wet and rainy here in western ukraine about six hours with west of the capital city. earlier back in washington president biden said he expected a full scale russian invasion in the next few cays. one of the reasons secretary of state tony blinken was dispatched to new york to the united nations to try to prevent it. >> but let me be clear, i am here today not to start a war, but to prevent one. >> reporter: liz, over 150,000 russian troops are now massing
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ukraine's border. there are also russian warships offshore, tanks ready to invade. these joint exercises with belarus set to end on sunday. after that, anyone's guess. only one man truly knows for sure what's next. that's russian president vladimir putin, of course. in a tit for tat move, moscow just announced it has exif pelled a deputy u.s. ambassador to russia, another sign of worse worsening tensions. today the leader of belarus said he's open to little russia park short-range ballistic missiles, some carrying nuclear warheads, in his country after drills end sunday. i'm hear -- here in the city where with u.s. embassy employees evacuated to, i spoke to the top u.s. diplomat here who says she had to order sensitive documents shredded before evacuating. >> if we're not there, we do have to -- anything that's
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sensitive or classified, yes, we do have to destroy them. >> reporter: do you think that sent the wrong signal to the world? >> i think what we had to do was keep our american employees safe. >> reporter: liz, i'm in the city that's a university town, about the same size of boston, in a country, you cane, about the -- you cane, about the -- ukraine, about the size of texas. people are out having a good time. then again, i'm sure people were having a good time on the titanic before the iceberg showed up, his. liz: well, now that we know 5,000 u.s. troops have landed and are in poland at the moment, the tension is hitting everywhere. you are and, of course, the markets. lucas, thank you. a brand new session low, dow jones industrial, the floor's kind of coming out, down 572 points at the moment. the russia-ukraine crisis is actually, though, keeping that floor under energy prices at
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this hour too. russia is the world's second largest natural gas producer and the third in oil production. up 25% year to date, the climb in natural gas is actually taking a pause today, down 4.6%, and oil is also lower on the possible lifting of sanctions on iranian with crude. totally different story than what's going on in russia, ukraine. but industry watchers say prices could be subject to major spasms at any moment depending on the headlines. none of this russian-ukraine drama, either way, erases the fact that the pandemic darlings -- roblox, shopify, palantir, roku -- are getting swallowed in quicksand as the issues that made them so high are starting to recede. let's get right to the floor show traders, phil flynn and sarge. you guys, a lot to deal with at the moment. phil, i'll begin with you. can you game the move in nat gas
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and oil if russia invades ukraine? >> i think if we get an invasion, russia on ukraine, we're going to see $100 a barrel oil. and actually some of the physical markets overseas in europe with, they're already paying $100 a barrel because they're fearful they won't be able to get supplies next week or the week after. so we're already seeing some panic buying. natural gas here in the united states, even though it's influenced by what's happening overseas, it's still disconnected a little bit. it's more of a domestic market. but even there, we could see natural gas prices get up towards $4-5. we're getting a pullback today because the polar vortex is going to ease off just a little bit, that's bringing prices back down. but make no mistake about it, with all the cold weather, production's been done, demand's up, it's an explosive situation. liz: yeah. forgive me if you already mentioned it, brent went through $100 already. that, of course, is the international, the international
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oil that trades. but as we look at that plus all that's going on in the markets, sarge, we're now down 583 for the dow jones industrials. gold is continuing to stay above $1900 a troy ounce, so you do have the anxiety that's really kind of gripping this final hour of trade. what are you as an investor and as a trader doing? >> well, you have to hedge your market, your positioning somehow because the market's acting like there's going to be a war in eastern europe. we have to consider that the chinese start screwing around once the olympics are over, so we might have -- i'm not going to say a two-pronged war because we're not in it, but it could get dicier before it gets better. northrop grumman, raytheon, lockheed martin. gold miners, the etf is gdt -- gdx. you've got to be long silver.
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and this whole situation, the chinese situation, the russia situation doesn't really impact the stories of the stocks you're in, let's say nvidia, they killed it. they killed the quarter. they raised guidance, great story, okay? a little expensive, but a great story. that one i'm buying today. liz: okay. nvidia at the moment, as we start to really try and figure out exactly what's going on, the russian stock market year date down just under 10%. and, again, nobody wants to see this probably except the russians and maybe the bell-russians. i love it, belarus says they'll let the -- yanukovych, that leader is out of his mind, but as we look at everything that's going on, we of do have to look at what the federal reserve is saying and what it plans to do. we now have jpmorgan saying we're going from five interest rates this year to seven. they're jumping into the seven rates this year pool.
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and that, to me, is rather surprising. >> it is. it shows you how dangerous things can get when the federal reserve falls behind the curve, right? and, you know, it was only a year ago that the fed was doubling down, you know, trying to create inflation, you know,. at the same time we were printing a lot of money because of of the covid situation, and now we're paying the price for that. and it's not going to to be pretty. when you're trying to catch up, you know, to the inflation situation, it's going to be bad. and the thing that worries me is that now the fed is talking about these aggressive interest rate increases at a time where you have a potential war in europe that could cause energy prices to go up which could cause the economy to slow and not because of supply and demand or money printing which has been driving oil to an extent, it's because of the disruption in supply. so they're going to have a very difficult time. will the fed change course if we get a war many europe?
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right now we're not seeing signs that they will, but they may have to otherwise that could be a disaster for the economy. liz: yeah, i -- >> belarus. i knew that. sarge, you were all over that too. we're now down 605 points. as we said, we're just 10 minutes into this final hour of trade. things are looking nerve-wracking for at least some investors out there. when you think about the momentum names, i just pull out fin-tech, for example, affirm, the buy now, pay later guys, toast, coinbase, they are looking horrific. cathie wood, of course, big investor who had a great success in 2020 and part of 2021, understands that she's just jumping in and buying things at the lows. roblox. what do you think of that as we also, i'd be remiss if i didn't mention look at bitcoin, now falling below $41,000 to 40,or 968. go ahead, sarge. >> yeah. i sold my etherium, by the way. is i'm not in crypto at all right now. i don't think folks should try
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to catch a falling knife, right? if you believe in the story, go ahead and why the stock, but don't buy it because you think it's the bottom. going back to the fed, jpmorgan is 100% wrong on their call. the fed will not be able to raise 175 basis points on the short end. it's not going to happen. we saw the retail sales for january. health products were down 7%, sporting goods, hobbies and books down 3%, food services and drinking places down .9% even though omicron is dying out in this country. so people did not spend on self-care, personal interest, fun or eating out even though retail sales were higher, all right? industrial production. the whole thing was utility production. why? because people were cold. people are buying necessities. they're not spending on anything except their children and their households. demand destruction is already happening. i promise you, inflation is coming down. inflation is coming down maybe by march, definitely by april. the fed will work on the balance sheet.
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that's necessary. liz: yeah. bullard doesn't seem to think so, gentlemen, thank you very much. now we are down 616 points for the dow jones industrials. i promise you,things get incredibly hairy, we will blow out commercials. we are every tick of the way right there with you watching this situation as it develops. now, of paramount importance to investors, can viacom/cbs' new moniker revive the stock which has she would 46% over the past year -- she would? after yesterday's drop, sharings falling another 1%. it's a major pivot to streaming, is it going to pay off or pay in? we ask wall street's top media analyst rich greenfield. 38 -- 48 minutes before the closing bell ring ares. dow jonesvilles continuing to fall, now down 626 points. that is a session allow low. ♪ ♪
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liz: folks, take a look at the big board here. we are now down about 650 -- well, call it 651 at the moment, down merely 2%.
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but the nasdaq, nose diving 3% at the moment. 2.7%. these numbers are moving all over the place. here's the intraday of the dow jones industrials, we are just off session lows. same with the nasdaq. s&p, i mean, down 96 points at the moment, 96 points. viacom-cbs, we've got to get to this, officially retiring its old ticker today for its new ticker, para, and a new name, paramount wants to shift away from traditional television and movies to, wait for it, streaming. para, which suffered a 17% cut yesterday on an earnings miss, is down just under 1% today. but can the new name erase the problem of a crowded battlefield in the streaming wars? here in a fox business exclusive, rich greenfield. rich, we've got a meltdown at this hour, so it's not surprising to see a lot of these
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stocks down anyway, but how do you view the name change to paramount and what it can do or won't do for the stock m -- stock? >> look, it really goes back to shari redstone, right? actually, it goes back to sumner redstone. content is king. and i think shari redstone has very much carried on that tradition. i think in her view and now bob bachus' view as ceo of the company, they've been really big believers that content is what matters. and i think if you're looking at the streaming services, it's undeniable what drives netflix, what drives missny, what drives -- disney is don't. -- is content. viacom-cbs, they never meant anything to anyone literally ever. paramount, i think it makes a tremendous amount of sense. the question though for investors, though, is everyone is now investing more.
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peacock, netflix, disney, hulu, everyone is throwing more money. pixar movie, the former head of pixar is, john lassiter, is making movies for apple tv plus through skydance. investors are panicking this is not going to be a very good business for quite some time, and they're really questioning whether any of these companies can be big enough to really win. liz: i want to ask you this, and then we get to fubo,s because you've changed your call on it, but you haven't changed your messaging. quickly on paramount, do you see it as a target for another bigger company to swallow? >> i mean, look, there is no doubt that scale matters. when you look at the size of disney at $300 billion, when you look at netflix, when you look at -- liz: amazon. >> that's what i was going to get at, liz. companies like apple and amazonning can throw more cash and are building -- think about what amazon's going to do. in september amazon's going to
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have both lord of the rings, the prequel, television series, and thursday night football moving from linear television only to amazon. and so the fear is even if these companies are investing inned good contented today, they need far greater scale. and i think that's where we're -- whether we're talking nbc universal, viacom-cbs, now paramount, consol consolidation seems necessary. i think challenge and the reason stock was down yesterday is i think investors are -- there were some investors that were hoping paramount might get sold when you rename the country -- liz: not happening. >> it's core to their strategy. it's not -- we didn't think it was going to happen, but has cemented that it's not happening. liz: well, yeah. and they're sword -- ordering the new stationery -- >> exactly. liz: 17 billion a, it's chump change for apple or amazon.
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moving on to few bow, you shorted it from the high 50s to where it is now there, 9-- $971. you changed from a sell to a neutral -- 9.71. >> there are certain times where i think our price target was 6.50 on the stock. it had gotten down towards $8 when we went to neutral. everything we look at is what is the optionally, what's the finish optionality, what's the opportunity. i think the reality is fubo's got a fundamentally flawed business, and you actually just highlighted the reason to be short fubo functionally, more and more content is moving to streaming. viacom is telling you -- paramount, sorry, paramount is telling you the future is this streaming. nbc universe ago saying peacock's the future. disney saying it's not espn, it's the disney plus, hulu and espn plus.
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apple and amazon and netflix, people are not going to subscribe at the same level and forget even if they subscribe, the amount of time they spend watching these services is going down. less and less linear tv viewership is really problematic for few bow -- fubo because they don't make money on their subscription. they make all their money in advertising. so less people watch linear tv. that's less money for fubo to make on linear tv. that's the crux of the short story. plus they're going into sports betting where they have no sale or balance sheet. so it's a long-term very -- well, yeah. the real problem, honestly, liz, their biggest problem in the future that i think investors haven't really focused on is that they need to raise more capital. and as you're pointing out with the current market choppiness, i think fubo has no access to capital. liz: yeah. you know, we're now off the lows of the session. the dow is down 59 0 after being
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down about 629. these are very difficult times for even the best of investors to navigate. and when i think about your call on spotify where right before spotify came out with its numbers and then, of course, the whole joe rogan drama, you had a buy and, i believe, a pretty significantly high price target of, what was it, 280? you're one of the greatest analysts. you've made these calls. how can people invest when even the best of the best like you are unable to kind of navigate this and see what's going on? >> look, there's no doubt that we don't make stock calls for a day or for a week, we make one-year calls, and we have a firm thesis. your example of f if ubo is we were patient. it went against us, and the ceo was on your air sort of attacking us. the realities is -- reality is we're going to be patient. i have a lot of faith in daniel ec, and i think what's interesting about streaming music is the competitive
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landscape. sure, apple's there. sure, you have companies like youtube with youtube music, but the competitive dynamic is very different. by far. the leader in the space is spotify. they've really grown and starting to dominate building out the podcast space and building it all into one experience in a way that apple and others have not done. this is one where we have a lot of conviction that that spotify is billing up its power in the audio space, and the real reason to get excited is that they're really leaning hard into advertising. and that's going to open up a far greater global opportunity for music than they've had before. it's basically been a subscription story. and what we really are excited about is the advertising story. it's not a three week story, it's not a four month story. over the next twelve months you're going to start to see the power of advertising, and i don't think there's a better stock to step into right now than spotify. liz: again, great point about longer term versus just moment by moment. rich greenfield, thank you very
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much. rich of lightshed. by the way, we're lower by about 610 points. folks, we are now for the major indices negative for the week. we're watching this very closely. we do have a 2.5% drop for the russell 2000, so small caps are getting swept down in this downdraft. the nasdaq down 2.6% or 373 points, s&p down nearly 90. up next, we have got much more on this melt ifdown with the markets -- meltdown with the markets. and it's not quite dungeons and dragons, but more like david versus goliath. hasbro, that story next. plus, we've got our eye on gold. it is now still above $900 -- 1900 a troy ounce as the flight to safety continues. ♪ ♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further.
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liz: fox business alert, i want to show you guys the intradays of the major indices here.
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we do have the dow jones industrials down 612, just off the session lows of a loss of about 629 at my last check. flip it over to the s&p, down 39 points as this tension regarding hostilities between ukraine and russia have really kind of reached this fever pitch at the moment. we do have president joe biden along with the head of nato, jens stoltenberg, saying, in essence, the russians are moving forward, not back, and that an invasion really looks like it is imminent. nasdaq down 2.7% at the moment, down about 379 points. and the tension is transferring to the markets. look at the volatility index. this is the highest level we've seen since haas thursday, up 4.6% to 27.76. we do also want to look at some individual stock names that are moving. it was a record holiday season for the world's largest retailer, walmart. reporting fourth quarter revenue
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topping $150 billion for the first time ever. thanks to a surge in spending on not just toys and gifts, but clothing, groceries, health and wellness products. stock is up 3.5% on that news. the retailer said it also managed to dodge crippling supply chain issues, and inflation actually helped bring customers to its stores to take advantage of walmart's discount prices. the chips are down for nvidia with shares to of the semiconductor on pace for their biggest percentage decrease in a year even after reporting, as sarge told us, a record-breaking fourth quarter. stock is 7% cheaper than it was yesterday, and sarge, he and a lot of smart investors do love this company, wanted to buy it several months ago, but it was too expensive. nothing but good news from nvidia which reported strong numbers and said that supply chain issues were finally starting to ease. analysts are baffled by the stock's move downward and say they can only imagine the results just weren't good enough in the eyes of wall street and
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investors. in fact, the drop here of 7.5% puts nvidia at the bottom of the nasdaq. global chip shortage is not enough to deorer the cisco investors. -- deter. topping both the nasdaq and the s&p after reporting strong earnings in the second quarter9 of a sunny outlook for the third. the stock is on pace for -- sunny outlook for the third quarter, rather. we do have the company on pace for the largest percentage increase in more than a year despite comments from its ceo that the chip shortage poses a significant threat to revenue growth. well, you know, again, tell us something we don't know, right? everybody's suffering from the chip shortage if you're in any kind of manufacturing. sis cisco -- cisco up 3%. hasbro, look at this jump in hasbro. this on the news of a potential board shake-up. activist investor alpha fox capital management which owns a the 2.5% stake in the company
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which kind of matches the gain in the stock right now of just over 2%, this activist investor sent a letter to hasbro nominating who they call five highly qualified and independent candidates for election to hasbro's board. the firm also suggested changes to hasbro's business strategy including spinning off one of its core gaming units which owns popular role-playing game dungeons and dragons. check the dow, still flagging here, down 618 points as the world anxiously awaits russia's next move on or ukraine. the attacks there have actually already begun in the form of cyber hacks that are incredibly damaging. the ceo of cybersecurity firm crowdstrike is collecting data as we speak on the ukraine cyber attacks. he's going to join us with his findings. we are watching this very closely. folks, we just hit a new session low. the dow just touched lower by 6 of 30 points, s&p -- 630 points. the nasdaq down 393.
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and look at the russell, that's the percentage drop here of 2.5%. we are coming right back, and we will just blow out the rest of our commercials after this one. ♪ 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. and helping you plan for future generations. since i left for college, my dad has gotten back into some of his old hobbies. and now he's taking trulicity, and it looks like he's gotten into some new healthier habits, too. what changes are you making for your type 2 diabetes? maybe it's time to try trulicity.
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liz: breaking news, and i do just want to let our viewers know, now the dow is down 585 points. the actual low of the session at this point, a loss of 667 points. we are seeing treasury yields that are dropping, flight to safety, gold above $1900 a troy ounce, another flight to safety, because of what's on your screen. what we see is the russian attack appears to be coming in the next few days according to wen leaders. western leaders. but if you talk to anybody else, especially ukraine, it's already started in cyberspace.
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yesterday the ukrainian government reported the largest sign cyber attack in the nation's history. both the defense ministry and the country's two largest banks were breached. it's not yet confirmed russia was behind the attack, ukraine says they are most likely the ones behind it. russia and belarus responsible for a separate cyber attack last month. let's bring in top cybersecurity expert and crowdstrike ceo george kurtz. george, give me your sense of what is really happening here. to me, it seems obvious that it's the russians because it's a pile on at the moment. we know that they might be trying this false flag operation where skirmishes start at the borders that appear to be from other groups or countries, not russia, so that kind of forces ukraine to swipe and take a shot at them, and then suddenly all bets are off and you've got a war. not to mention they're trying to pile on with the cybersecurity attacks. >> absolutely. when you look at where we are
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today, in 2022, cyber is a critical element of any warfare fighting capabilities. we think about air, land, sea. cyber is just as important, and why it's important is because of the damage that you can actually do. you think about taking out the power grids, critical infrastructure, gas line, pipelines, i mean, the list goes on and on, and russia has,s certainly, a history of taking out things like the electrical grid in 2015. not only critical infrastructure, but there's a big psychological operation element to this. scaring the citizens of the ukraine, creating turmoil within the country, potentially false flags. so big element and, obviously,s i think everyone is waiting to see how this unfolds. liz: security experts in the united states are warning companies -- everyone, not just publicly traded, but the smaller companies here in the u.s --
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saying that we could see a spillover effect when it comes to all kinds of hacks. what are you seeing? you've been monitoring a lot of this activity, specifically are we starting to see these bad actors knocking on, you know, the cyber doors of u.s. companies, and what should they be doing? >> well, whether the ukraine conflict is in play or not, we're always seeing nation-state adversaries knocking on the doors of all companies, and that's just the reality of where we are. cyber is a critical element to any corporation and making sure they're protecting is absolutely critical, one of the top one or two risks to any boards at the company level. so when you look at the current situation, i've taken more phone calls from ceo, some of the largest fortune 500 companies asking about this ukraine situation. you know, they have operations in ukraine or they have suppliers in the ukraine which are very -- which they're very worried about.
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in 2017, an unintended consequence where russia infiltrated and knocked out some companies in ukraine, and that spread unintentionally to companies in the u.s. it was a big outage for many companies. if. liz: very hard to ring fence any operation, isn't that correct, when it comes to a company with any kind of servers in the cloud? you know, when you talk about exactly how these companies, who are trying to grow, should be moving forward, it's important, isn't it, to have some servers on site that they can then perhaps shut off the cloud servers if there's any kind of breach, correct? >> well, there's different models, hybrid, cloud only, on premise. i think what's important is to make sure those systems are protected the right way whether it's their endpoint servers or cloud workloads. protection and visibility so that when these attacks happen, you cannot only prevent them,
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but you can identify that this attack is happening and prevent any sort of collateral damage or what we call lateral movement by the adversary, and that's, obviously, what crowdstrike is focused on. liz: george, do these russian bad actors have a fingerprint, signature that you can spot pretty quickly? is and if so, what does it look like? >> we tobacco over -- track over 170 different adversary groups. we have a very robust intelligence team, and giving the teleme try of what we've seen on these attacks across 176 countries where we have our agents and software looking at these attacks, there certainly are sell tale sign -- telltale signs. we call them the big four, and it's what we call trade craft. and if you think about, i always make the joke programmers are lazy, they write the program once so they don't have to keep writing it. the same way in the cyber world. it's so expensive to create
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these toolkits that are used and pieces of malware, they can't just use them one time, so they want to tweak and reuse them, and it leaves befingerprints that companies like crowdstrike can actually identify. liz: george, forsst to -- it's great to have you. george kurtz. the dow down 570 points. we have about 17 minutes left to trade. u.s. president joe biden saying there is now every indication russia was planning to invade ukraine in the next few days and was preparing to pretext it, meaning there's this false flag concept that we've been talking about after ukrainian forces and pro-moscow rebels traded fire in eastern you ukraine. joining us now via phone is former nsa director and four-star general keith alexander. general alexander, tell me what your threat assessment is right now on the situation. >> i agree with the administration. i think that russia is poised to attack. if they've moved over 130,000
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troops including the first guard's tank army up on the border in the tactical assembly area. they've built field hospitals, they're moved blood forward. it sounds to me like they have every intention of moving, especially when you look at the distance some of those units came, over 4500 miles. this wasn't just a exercise, this was a deliberate planning by russia to take parts of ukraine. i think he's planned that all along, and now others have said he's looking for a pretext to go, and i do believe that'll happen in the next couple of days. liz: o.k.. next couple of days. now, we have 5,000 troops that have apparently landed in poland, specifically from the, you know, airborne. talk to me about what they do, general alexander. president biden has said he will not send u.s. troops into this
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skirmish or what turns into a war perhaps, so why are they there? >> well, i think they're there to help on humanitarian efforts, to insure the sanctity and security of poland and to show our allies that we're there for them. ukraine is not a nato country. it's hard to then put forces into ukraine on behalf of nato or the u.s. but poland is a nato country, and i think it's important that we show our nato allies that we're there for them. i think that's absolutely vital to the future. liz: of course. and we've been watching very closely oil and natural gas prices as a business network. and while they are down today, we've seen them spiking in advance of what could be invasion. and as we look at some of these prices, we also see what's called a flight to safety, plight to quality, and that's where people pile into things like gold and government treasuries. you know, when, when and if this happens, and i know it's hard to
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assess, but how long do you think something like this might last? i mean, we think about sochi and what happened in 2014 when the russians moved in and bit off a huge chunk of ukraine. the crimea. and thousands were killed in that case. and it did go on for quite some time. >> yeah. i think this'll be far worse. if he does what he currently has planned, when you look at first guard tank army coming down and going towards the eastern part of ukraine, perhaps cutting that up entirely, that's a huge movement by a significant force. he's got people in belarus that would probably go after kyiv, and he's got his forces in crimea. so i believe this would be far worse than what we saw in 2014. i think the death toll will be worse, i think he also sees it, which is why he moved the field hospitals forward. this is, you know, this is a
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terrible situation for the world. you go back to world war ii and you think, wow, this same thing happened in 1938 with the munich accords. we need to look at the history and then say what's this mean for the future and what to we as a nation and what do our allies do. i think sanctions need to be part of it finish. liz: yeah. >> go ahead. liz: sanctions, okay. but when they're in full-blown maneuvering like this, i mean, it was a couple of months ago that i was looking, i was kind of obsessed with this because i thought this is classic page out of putin's book where he looked -- one of the diplomats, the russian diplomats basically said, when asked, we might place unspecified weapons systems in uncbs 2 unspecified places. -- unspecified places. this russian diplomat said, are you kidding? tactical nukes, hypersonic missiles? >> yeah. i think that's to give them cover for what they're trying to do and keep it from
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enlightening. i am worried about next steps. i'm worried about relationship between russia and china and the statement that putin's made to xi jinping. so it's not just this with ukraine that the administration will now have to look at, but what does this mean for taiwan, what does this mean for the rest of eastern europe. so this is going to be a critical play, and i know you just had george kurtz on. it's also going to be a significant cyber set of engamements around the world -- engagements around world for our country and others. i think all of that's going to go on. liz exactly. >> it's very difficult to push back diplomatically. liz: i to want to remind our viewers as we look at the markets dropping significantly, a four-star general saying right here that this could be far worse than what happened in 2014 in the cry mean invasion -- crimean invasion and the seizure of that area which russia
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basically annexed. 14,000 lives were lost back then. general alexander, thank you very much for getting on the phone with us. as we watch the markets drop precipitously here, we want to bring in charlie gasparino who's been standing by and watching all this happening. he also has some news regarding the sec's lawsuit against ripple, and we've got some documents that are set to be unsealed. but first, let me get your thought on what we're seeing at the moment. charlie, when you see gold above $1900 an ounce, that's a significant move when you're talking about investor sentiment. >> i mean, listen, you've got a double whammy going on with this. you have the fed about to raise interest rates and god knows how much they're going to do it, right? there's a debate whether it's going to be 50 now or maybe a full percentage point, right? one of the fed governors falked about a full percentage point. you've got that and global uncertainty, so you have a selloff on that. listen, i -- one of the scary things about this is that
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vladimir putin right now is threatening basically to shut off oil supply to europe at a time when the u.s. is not producing much oil. so, you know, you can get an oil shock here, and you're -- i'm old enough to remember this, but in the 1970s, because i pumped gas in the 1970s, you know, we had an oil crisis. we had multiple oil shocks. we had stagflation where you have concomitant inflation and a slowdown in the economy. now, the economy is different now tan it is in the '70s. we have fuel efficient cars, electric cars now, but there could be some dire impacts here. i mean, the president himself said it the other day, you know, this might -- if they do, if russia does invade, we have to impose these draconian things, it could really, it could hurt the economy -- liz: well, how about this, charlie? u.s. stockpiles are at their lowest since 2018. >> i know, not a good look.
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not a good look. liz: no. and you look at the prices commanding an enormous premium further out when it comes to oil. >> right. liz: but, you know, that's -- >> what's the 10-year bond yield doing? i think that's something to keep an eye on. i mean -- liz: it was at about 1.97%. >> it's been upping it's not, like, dramatically higher -- liz: no, it was -- >> it's down -- liz: it fell because it had been at 2.02, but we're at 1.973 at the moment. >> it's an interesting thing, and peter schiff, i've got to give him credit because i saw he made this point on twitter, you know, it is the fright to quality to u.s. treasuries, is it a good move if the fed is going to raise rates? you know, you could have a selloff of u.s. treasuries at some point down that line. i mean, obviously, the sort of logic is buy treasuries as a flight to quality, right? but is it a good time to buy
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treasuries when you're going to get higher interest rates? if so really this is a very perilous time for investors. be careful. watch the risky assets, the meme stocks, the nfs, the certain spacs. crypto, obviously. they take hits in this type of environment, particularly in rising interest rates. liz: which i want to talk to you about that right now, but i do want to flag our viewers, we are at session lows for the dow jones industrials. this is a new hoe, and you can see from the intraday now with the nasdaq down 2.9% or a loss of 410 points. bitcoin has not been the destination for flight to quality moves here. and we are looking at most of the cryptos dropping pretty dramatically. >> yeah. liz: but there is news with the sec and ripple, correct? >> ripple, and why do we keep talking about this case? if you're worried about crypto regulation, who's going to regulate it, how much can be
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regulated, this case is huge. if the sec wins this case and says that ripple went out there and essentially years ago, over the years, and issued its founders sold their xrp which is a separate cryptocurrency, but they used some of that to finance the platform, if that is considered a security. it's unregistered, buzz they didn't register -- because they didn't register with the sec. if they lose that case, all bets are finish a lot of bets are off. if you're deemed a security that's unregistered, you've got some problems. xrp was taken off the various crypto exchanges in the u.s., so does that extend to ether? logic would say it might. anyway, what we're getting now out of this case is both sides jockeying for position, and some documents -- and, i'll tell you, i don't know what the documents said, i haven't read them yet, but the documents are being released on this case which
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shows some sort of distributions early on, pre-jay clayton sec, that's trump's sec chairman who brought the case against, against ripple, that it's an unregistered security. obviously, gensler who's in there today and who is continuing the case. you interviewed him the other day about this. this was in 2012, you know, it was -- i guess, i think that was mary back then -- [laughter] who was running the sec. you've got to check me on that. but, you know, there's deliberations between the sec and ripple, and we're going to find out what was said back then about xrp as a security or -- and i think we'll get some sort of daylight into whether, you know, ripple's got a good case defending itself or whether the government's going to witness. some of these documents, they're key. they're something you might want to pay liz. larry: i know i'm getting the wrap, xrp is little different.
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xrp is trading at about a buck. here is interesting bet, doesn't matter what is going on with crypto, writ large. you might see a pop in value of xrp if they win. liz: 77 cents for xrp. charlie, thank you. we have got on the phone, ryan payne, payne capital management. henyon and walsh cio kevin monn on the phone. let me begin with ryan, as we watch markets we're off session lows. clearly a huge amount of fear. what are you advising your clients? >> we have to stay the course. we've been experiencing this for quite a few weeks. i think the whole weight of the market right now is feeling conflict with ukraine. as we know markets don't like uncertainty. i know that can be very nerve-wracking here, liz, you
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have to keep your eye on the prize. if you look at it and interest rates come down a little bit, everyone is worried what the fed will do with interest rates, if you look at market in general, growth stocks are getting hit hardest. nasdaq is down 3%. if you look at anything value oriented, anything that is international, holding up much better here. markets are acting differently. at the end of the day we have to look at economy getting better, vaccination rates are going up, covid rates going down, economy spend money this summer, economy looks healthy. you have to ignore the noise, cash to deploy take advantage. we'll get clarity on ukraine and russia. i'm still relatively bullish. >> kevin mann has five billion in assets under management. kevin, ryan makes a great point. all these momentum names are not even good quality names are cheaper right now. so you do have to keep your eye on the prize or the horizon and realize you got to see the whole
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forest for the trees. enough of the analogies here but tell me where you see value right now. >> yeah. absolutely and during periods of volatility and in rising rates environments both we're in right now historically companies that have been growing their dividends at an above average rate have been attractive option, they show signs of financial strength and significance, confidence of the management team to increase dividends. if you're looking for a way to navigate through the volatility, give yourself current income potential, upside growth potential. consider companies such as blackrock, mastercard, or tgx companies that have had double-digit growth rates over last one, three and five years. liz: yeah. we're showing these dividend plays here. blackrock pays what, 2.5%.
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tjx, 1.57%. give me quickly, we've got about 30 seconds for you and 30 seconds for ryan, we're hearing reports now getting pretty, pretty serious. the dow is down 612. would you advise investors to hold tight, kevin at the moment? >> i think investors should take true to the risk tolerance. not necessarily get more aggressive with the market going up or conservative when the market is going down. consider what your longer term financial objectives are, areas of market should benefit from the market outlook as i just discussed with the dividend growers. liz: ryan, quickly, markets move higher tomorrow, a little bit of a bounce or not. >> i'm wildly bullish here whether tomorrow, it is going to. economy is growing. we'll get past the ukraine situation right now. you can't sit in cash earning nothing. inflation is over 7%. kevin said it best, dividends paying you, going up. an inflation hedge.
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you need productive assets in your portfolio. be greedy when others are fearful as warren buffett says. ryan payne says it today. liz: kevin and ryan, always a pleasure. [closing bell rings] we're slightly off the lows of the session. look at the loss for the nasdaq down 403 points. the dow losing 619. bulls holding -- ♪♪ larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so, leaving for ohio today as he departed the white house, president biden said the threat of a russian invasion into ukraine is quote, very high. mr. biden believes it could happen in the next several days, end quote. then he added, every indication that we have they're prepared to go into ukraine, attack ukraine. all right, that was a few

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