ch up a little bit in your chair, look at the names you want to own, refine your list and maybe start to make a little bit of moves here and there. now go all crazy but maybe maybe just chip away. again, the markets go up and down we've been down a lot, i love the last three or four sessions. i think you need to like them as well. liz claman, can you give us another strong close? liz: um, yes, [laughter] i don't know. i wish i held the strings here, charles, but we'll give it our best shot. thank you so much. the bulls are at least for now finding the luck of the irish on st. patricks day markets climbing higher after the federal reserve made it crystal clear that in its crystal ball, it sees six more rate hikes this year to tackle inflation. the dow looking at its fourth straight win as oil gushes back above $103 per barrel in the after market right now. the war in ukraine now in its fourth week, russia has fired more than 1,000 missiles

including one that flattened a theatre full of children yesterday. we are now hearing some survivor s are being pulled out of the rubble but still no word on how many have been killed. as vladimir putin sees his missile arsenal dwindling and yet he shows no sign of letting up, is his next move germ warfare? ken alabeck once ran the soviet union secret biological weapons program, and developed the deadliest form of weaponized anthrax on the planet. he is here in a fox business exclusive to tell us whether putin will really green light the use of germ warfare on the ukrainian battlefield and the war driving up the price of much more than oil, the majority magestic steel ceo is explaining why rolled steel is skyrocketing in price. let's start with the fox market alert you'd think that the federal reserve signaling seven rate hikes this year and

the kremlin dismissing any progress in the russia ukraine peace talks would send investors fleeing but not at all. look at the screen dow jones industrials up 271 points overall instead of markets flashing red they are flashing st. patricks green all day long. the major averages are having their best week in more than a whole year. the russel 2,000 take a look at it right now up 1.5% very much the percentage leader here showing the biggest gains, as we see up 30 points that's a session high even with oil popping above $103 a barrel, we're at 103.85 in the after market this on concern of supply shortages due to the ongoing sanctions in russia. the 10 year treasury yield slip ping below three year highs but barely, right? just a day after the fed came out with its hawkish plan to raise rates to combat inflation, we do have it just slightly below that 2.2-plus number it's at 2.192% at the moment, no word yet on how fast the feds tiny rate hikes might kick in. listen to what powell said.

>> the way we're thinking about this is that every meeting is a live meeting, and we're going to be looking at evolving conditions, and if we do conclude that it be appropriate to move more quickly, to remove accommodation, then we'll do so. i can't be perfectly specific about it, but that's certainly a possibility as we go through the year. liz: all right so he's talking about as we go through the year. how about as we go backward, according to dow jones market data going back to 1990, the market performance around the first fed rate hike of a whole cycle, so that's what we had yesterday, the first of the cycle after an initial drop, the s&p 500 went up 80% of the time, but you've gotta wait for six months, right? so after six months it goes up 80% of the time but as the fed wages war with inflation will russia's war with ukraine derail its fed hike roadmap? we have thursday traders steven sarge guilfoyle and president

and cio of advisors asset management with 46 billion in assets under management. sarge, let me just kick it off with you. we know that day-to-day, minute to minute, this war is gyrating the markets on many different levels. can we really expect that the rate hikes will continue on this path and how do you invest around that and through that? >> i don't think that the war, the way it is now, or if it actually becomes less severe from here, will derail the fed, all right? barring a horrific event such as a nuclear biological or chemical attack. what gets in the way will be contraction of the economy or economic activity itself. i don't currently have the threat of recession penciled in until early next year or maybe mid 2023 when the feds own projection show that the fed funds rate will be actually higher than the rate of inflation at the core or at the headline, thus positive real rates, which would in fact slow down everything including labor markets, so that's when i see an actual problem.

liz: okay, but with the problem there's always a hunt for an answer. what is your answer, sarge? >> all right, i'm trading, i'm moving more towards a value- based type, i'm taking money out of my defense names right now moving out of lockheed and north rope, i've made the money in those leaving something because nato has to spend more, moving back into nvidia and moving back into marvel technology in size, investing in berkshire hathaway, investing in the kinds of banks that i think would benefit best from net interest margin if it goes that way so that's bank of america and wells fargo and exit ing abvie to create capital because it's been a winner and at this level the dividend yield doesn't pay so much and i just don't like their balance sheet to tell you the truth. liz: okay, so, cliff talk to me about what you're doing with the assets you have under your wings and what you feel is the best opportunity at the moment knowing what we now know about the fed powell put. well i guess it's a call now. i don't even know.

>> it's a call. i agree, i think the fed yesterday was just recognizing that they are way behind the curve, and you point out a good potential risk that the fed sits back and waits and the markets 50/50 between is the fed too slow or is the fed too fast, and maybe it's just right if they do have the backbone to continue on, it's still a very accommodate ever 175 basis points at the end of the year against 4% inflation , we've never really had a recession and fed funds have been in negative territory, so but we do think rates are so poised to rise so we do favor under weighting duration or sensitivity to higher rates in both equities and fixed, and we do like value. value sectors tend to be a dividend producer, dividend growers and i think in this uncertain time with prices moving back and forth we're seeking the predictability of income through the value sectors

and dividend sectors. liz: maybe we can look at leader s and laggards that way we can get the sense of exactly what the market is betting on and kind of turning their backs on, cliff, but that said, is there an opportunity where at some point, you start to look at things that had worked really well, i guess the best way to put it is in the high-tech sector that got very frothy and have pulled back rather dramatically. >> yeah, they pulled back, but i think there's still an argument they are pretty full some priced given the expectations rates continue to rise, but taken on the other side, liz, if you look at what's been beaten up in the value sector of the banks, we think that's a really good opportunity we don't see the economy rolling over. we don't think the economy dies a death of seven titans or wherever we wind up and the banks are in great shape and dividend producers so we think there's an opportunity to allocate to a little bit more toward the banking sector, for

example. liz: you know, sarge, you said you were going back into nvidia. i mean, that had been such a great win. am i correct on that? >> well, i still had a core position there but i'm bringing it backup to size and marvel technologies i had gotten out so for that one yes i'm re initiating that name. liz: okay, because some of the chips, i just look at this as a long term play and say every single thing we use, that's electronic which is a lot of items now, has to have a semiconductor in it. >> yeah and all these are starting to take back their moving averages if you look at the charts if you like technical analysis or you follow that, they are all starting to take back their 21 day, 50 day, 200 day, what hasn't come alive just yet is advanced micro device which is is one of my favorite semi names. i'm really, it's hard for me to hold my trigger finger on that one because i love the job lisa soren is doing but waiting for that to take back the exponential or simple moving averages. liz: all right well let's blur

out all of us at the moment. sarge, you went a little blurry for a second we thank you, and cliff as always we appreciate you coming on. we're getting this breaking news secretary of state anthony blinken just said moments ago that one american citizen has now been killed in the war on ukraine. america's top diplomat going on to say war crimes are being committed there, but he stopped just short of calling russian president vladimir putin a war criminal, as president biden did yesterday but added that targeting civilians is a war crime, and boy has putin target ed civilians. we are getting reports at this hour that mariupol is still under heavy shelling just one day after a theatre filled with children who were hiding there was destroyed. even as they had put signs out and on the roof, trying to say, there are children here. 130 survivors we are just getting this , have emerged from the rubble, but there were 1,300 people in there when the bomb

hit. this , after president biden yesterday, announced $800 million additional funding for ukraine. here is what that will look like >> the world is united in our support for ukraine and our determination to make putin pay a very heavy price. americas leading this effort, together with our allies & partners providing enormous levels of security and humanitarian assistance that we're adding additional $800 million of assistance. that brings the total of new u.s. security assistance to ukraine to $1 billion, just this week. liz: let's get to some numbers. u.s. sending 600 stinger anti- aircraft systems, 2,600 javelins those are anti-armor, anti-tank systems, 200 grenade launchers, shot gun, machine gun s, and millions of rounds of small arms ammunition. 20 million rounds, actually, 40 million rounds. joining us how live from the pentagon fox news reporter

mark meredith. mark? reporter: good morning to you, you were going through the list there, you can imagine what kind of challenges this will be for u.s. officials as they try to get these weapons into ukraine and these weapon shipments that the russians are now saying they even see as legitimate targets but what we've also seen is a lot of focus on the drones that are going to be getting sent in. these are fairly new type of weapon, switch blade drones that are small, lightweight, so they are easier to carry, but they also can hit direct targets like tanks with some more precision than previous devices. they are also considered more cost effective, the white house calling its latest package unprecedented in the amount of assistance it's sending but the administration as we've been talking about is not giving ukraine everything it's asking for , still blocking those efforts to transfer soviet migs from poland to ukraine and no fly zone over ukraine remains off the table. today we did hear from defense secretary lloyd austin doubling down on the decision to insist there's no way we can, the u.s. could setup the no fly zone without escalating things any further. >> there's no easy or simple

way to do this , there's no such thing as a no fly zone light, a no fly zone means that you're in a conflict with russia, so from a u.s. perspective, we're again, our position remains that we're not going to do that. reporter: but as you mentioned off the top, liz, there's been a fear that the russians may it continue to target civilian infrastructure and we'll see if whether or not that changes any posture from the u.s. ornate o when it comes to the possibility of that no fly zone. today the sec who you just heard from right there was meeting with his counterpart in slovakia and the defense minister now offering to send the f-300 a soviet missile defense system it has in its arsenal into ukraine but it wants reassurances from the u.s. and nato they will have other backup systems and at this point, liz, the u.s. not ready to go there yet but those discussions remain ongoing liz: soviet weaponry being used against the soviets, very interesting. thank you very much, mark meredith. later, we will speak to the man

who ran the covert soviet bio weapons program who before deflecting to the u.s. created the deadliest form of anthrax on the planet for russian bombs. dr. ken alabek is here in a fox business exclusive we're going to ask him how close is putin in his mindset to using bioweapons. the war on ukraine is heating up the price, not just of gas and oil, but cold hard steel. we're going to talk to the ceo of magestic steel, it's a steel company out of cleveland, about what he's seeing as he rolls out 200 million pounds of it at his plants across the nation. closing bell 47 minutes away the "clayman countdown" is coming right back. dow is up 205.

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liz: since russia's invasion of ukraine we've seen all kinds of commodities speaking but since february 24, when they first unprovoked attacked ukraine, hot rolled coil steel is up 47%. now you think that price jump is stunning, year-over-year it's up

72%. just for context here, russia is the world's fifth largest steel exporter right behind the united states, but as the world suns all things russian, the key material everything from hvac systems to kitchen appliances, solar energy panels, farming equipment is suddenly extraordinarily expensive. today labow is the ceo of magestic steel usa joining us live from cleveland and says this is only the beginning. what do you mean by that, todd? >> yeah thank, liz for having me. first of all thoughts and prayer s go out to those people affected by the conflict. obviously, it's a very challeng ing time and hearing your segment before, civilians should not be affected by this , but yeah, this is the craziest team we've seen. coming out of covid, no one could expect the market to do what it did, no one was prepared for a pandemic, but people don't realize how connected the global steel market is, and so you talk about steel but also raw materials and so much is dependent across the entire global market that with russia

and ukraine now being out of the market, it's really having a major impact on steel prices and supply, so it's just getting worse right now. liz: well so it's a ripple effect obviously. you guys produce about what, 200 million pounds of steel at 16 different locations. tell me what your clients who buy from you are saying about this. >> yeah, so we're in the distribution and processing business so we're buying steel from domestic mills from all over the country and we have hundreds of million of pounds of steel on the floor at any given time and what's happening is the customers don't know how to respond. no one can forecast for pricing, and so volatility creates confusion, however the biggest challenge is coming out of the pandemic, we saw steel prices go to an all-time high. the last six months we saw steel prices pullback and then now, with the current situation prices were starting to bottom, but now, you see raw material costs, scrap and pig iron coming from russia and ukraine where

we're not prepared as a country to be independent from these so we're not in control of the inflationary environment that we're experiencing right now and so it's very challenging for american companies to be able to manage these fluctuation s of steel costs, and it's going to only get worse and unfortunately, this has been a long time in the making in terms of where we are today with current raw materials and steel production. liz: your products go into all different, your steel rather goes into all different kinds of products. can you expound upon that? i know you're probably in agricultural equipment and in housing, homebuilding equipment, what else? >> yeah, we are across the entire united states and selling into manufacturing and construction, so when you think about manufacturing, transportation, agriculture, equipment, appliances, and all of those markets are impacted, and then on the construction side the roofing, decking, sid ing, framing,shvac duct work, people don't realize that steel is the universal currency in terms of how product is actually manufactured, and you talk about

infrastructure, right? no more important material than steel, so it's a massive impact on the economy, on jobs, and the environment. liz: well also, nickel. you got to use nickel in steel production if i'm correct. we just saw last week that nickel trading had to be suspended on the london metals exchange because it spiked so quickly, an unprecedented move above $0,000 a ton tried to open today and then it hit limit down , because it fell dramatically, we're at 41, 900 something per ton but it fell 8% the limit down it was allowed. tell me about how nickel plays into this picture? >> yeah, nickel goes into stainless, it's about 10% of the cost, however, it definitely plays a major role in terms of what's happening when it cops to steel pricing, and you look at stainless prices, in the last year, stainless prices have doubled, so when you're talking about the consumer and the impact of the consumer, you think about your appliances, your refrigerator, washer, dryer

, all the products that are made with steel and specifically with stainless steel in that regard, you know, we're going to experience higher cost. liz: well the steel manufactures are mixed today, but they have seen huge moves, not just year-over-year but year-to-date. todd good luck to you, thank you very much. >> appreciate it, liz. liz: the adam project, this is netflix top-viewed show today as ryan reynolds goes back in time to meet himself, but, the streaming giant has new plans to keep you from sharing your password with other family members, pastor present. yeah, you can't call your friends and say use my password to watch the ryan project, or can you? maybe at a cost. we'll get that. and later, is putin desperate enough to open his arsenal of biological weapons? the man who used to run the secret soviet germ warfare program is joining us exclusively, coming up.

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would support their own stocks that do trade overseas here in the u.s.. there is also a report that alibaba and tencent could cut thousands of jobs due to beijing 's regulatory crackdown recently of the tech sector, you've got jd down 4.9%, tencent is down 7.7% i'm going to do a quick check of allie alibaba at the moment down 4.6%. the blurry forecast has investors trying to see more clearly, and right now, they do. we've got the stock up about 5% after sliding earlier in the session, the eye wear retailer posted weaker than expected revenue in its latest quarter and is forecasting revenue will rise at a slower pace this year, but for now, the investors that decided they like it are still jumping in. robinhood tacking on to gains that they saw yesterday on a bloomberg news report that the commission-free online broker is getting close to offer ing an option that would

let users loan out their stocks to other financial institutions. the move would help the retail trading platform compete with traditional rivals like fidelity investments, morgan stanley e- trade and charles schwab, so robinhood getting another 6.5% added on to its stock price right now, and the long-feared end to network password sharing on the fly has come. the streaming giant now saying it will charge users who share their accounts with people outside their households. netflix says the new option will be tested over the next few weeks in chile, costa rica and peru. what is that new option? subscribers will be able to add 2 sub accounts for people they don't live with at an additional cost. okay, so as long as you add a little bit of extra into netflix 's coffers, then you can share that password. netflix is up 3.5%. vladimir putin claiming the u.s. is funding ukraine bio

weapons technology. during the cold war, our next guest ran the soviet union's covert biological weapons program. scientists, author, ken alibek is here in a fox business exclusive to tell us if vladimir putin would really use germ warfare to win at all costs in ukraine. closing bell 30 minutes away, green on the screen, the nasdaq up nearly a full percentage point right now we're coming right back. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank.

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insurance. liz: russia's in ukraine entering its 22nd day of destruction just one week ago many war experts predicted that the capture of kyiv could be achieved within 24 to 96 hours but clearly, things are not going according to plan for the russians. russian forces have grappled with strong ukrainian resistance

, paired with shortages of fuel, food, and now weaponry, as the pentagon predicts russia is running low of modern-guided-missiles. the u.s. and western allies now warn russia could resort to using biological weapons. russia has now begun to float claims but offer no evidence that the u.s. and ukraine are colluding to develop biological weapons. the expectation is that russia straight out of the kremlin play book will use this as a pretext to justify the use of germ warfare. how close is the world to that possibility? let's bring in dr. ken alibek. the man who before defecting to the united states directed the soviet union secret biological warfare program during the cold war, alibek is also the author of an amazing book, "biohazard the chilling true story of the largest covert bioweapons program in the world ." doctor, thank you for joining us the united kingdom and the u.s. are saying right now that putin is inventing fake evidence that ukraine is

developing biological weapons and he's doing that as a prelude or justification for using his own biological weapons. do you believe that's true? >> you know what, it's interesting that you asked. when they claimed that ukraine has biological weapons, it's not true because these facilities are a part of a very old soviet system, of institutions and a special kind of facilities located through the far east of the former soviet union to the far west, and it's a system that was developed and built about 50 or so years ago and the main purpose of these facilities is to protect from past post-war diseases and it has nothing to

do with biological weapons. liz: before you defected to the united states in 1992 you developed the world's deadliest form of anthrax. has putin weaponized that, and do you expect that he be crazy enough to use it? >> during my time, in the soviet union, yes we developed smallpox, large-scale production and we started deployment of smallpox biological weapons using different types of delivery systems but the research has been done in the field of we call it it's a disease we know about this -liz: the plague? >> no, we developed hemorrhagic fever, we developed different types of things and we work on

-- liz: does he still have those weapons? >> no question, because you know people didn't pay attention that in about 2004-2005 there was a statement from putin himself. he said if somebody wants to go and find his statement he actually said okay we'll continue doing sophisticated biological weapons using some modified material virus and it seems to me that it's still there. liz: if he were to use one of these weapons, what would we see what would happen? >> it depends what he's going to do. if he wants to organize some provocation, there is a probability that he would use biological weapons, or another type of biological weapons,

against themselves. liz: why? >> because -- liz: on his own people? >> yeah, correct. that's what i'm saying. putin is, people don't remember how putin came to power. it's most likely people don't remember, what he did before his presidential election, he organized what was some explosions in a few cities of russia, claiming that it was done by terrorists and it's now, it's well-known that it was not this way. it was done by kgb. a number of people killed was either dozens or hundreds and for him to kill his own people it's not a big deal. liz: well we have seen, of course that he's gone after, he's had his people go after soviets whether that was novalni

, some former kgb people, lipenko and had them smeared with radioactive agents and novalni died and he would do that on a grand scale even though when you release these weapons the winds can change, can they not and what if the wind patterns changed and blew, you know, mariupol is very close to belarus and to russia. i mean, the winds could blow that right back on to russians? >> liz, you need to keep in mind, because putin is a kgb agent. he's not a military person and because he's a kgb agent let me say, the kgb agent have a certain mindset, and because they are working on so called special operation principles and what they can do in this case, for example,, let me explain.

one of the possible scenarios is to use biological weapons in russia itself, hundreds of people dying. in this case, it be in his mind a justification is a nuclear or chemical weapons. liz: well and may i ask because in the past we have read that he , that the russians, the soviets wanted to develop an ebol axe warhead. do you think they have it? >> ebola,, itas was underwandyo it witas fildilleith w--ith ssen ande tteddnd at itt very ver v v gh ghffacy oveyyr ts hifhi ohi .ap liz: ken it'en s sing and

worrisrreis terrifyinglyyrisome ssib delntnt 'rla youn our nono making sge sha sciescts undtser ust exactxactct could happen. dr. ken alibek, and ken has a new book, "defending against bio threats" and it's available now, online, and of course in bookstores, but this biohazard book that i read two years ago, a stunning detailed development and moment-by-moment of what exactly he was tasked to do. as u.s. banks are assessing the financial repercussions of pulling out of russia, one bank in particular could be facing heavier losses than any of the others. charlie is going to break that next, you'll want to know, and while the world was on lockdown due to covid back in march of 2020, this woman on your screen, she turned her side hustle into a seven figure business, all by

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liz: breaking news we are just getting this in. the house has easily passed

legislation just moments ago to end normal trade relations, normal trade ties with russia over its invasion of ukraine. quickly moving to approve the measure, after president biden announced his support of it last week. the house voted 424-8 and the bill now heads to the senate the legislation basically strips russia of its and its allie belarus of their most favored nation trade status it rules in higher tariff rates on imports from both those countries. check the dow, we just hit a brand new high, we're up about 355, the new high 366, and look at berkshire hathaway. no, that is not a typo. warren buffett's berkshire hathaway a shares topping $516,000 for the first time ever the oracle of omaha doubling down on his occidental petroleum bet, it shows berkshire hathaway

spent 1 billion on additional shares just since march 2 berkshire hathaway bought more than 100 million shares giving it a 14.6% stake. could this really be the work not of buffett but greg abel runs berkshire energy, who is he, in a rare interview i had a chance to speak with him back in 2018, with greg able. he's also berkshire's vice chair of non-insurance assets and you've got to read my piece on greg able because he will eventually be in charge of berkshire hathaway when warren buffett is no longer able to do so. so, check it out. greg able holding a key to buffett's king on on foxbusiness .com. we should check the big banks higher with the broader market but bank analysts are iing the damage done to the ones with exposure, and what more can you make of it?

charlie: my story, just that announcement that it is there and i think it's all mostly trade with both russia and belarus, so i'm not sure how that impacts citigroup. it can't be a positive and the banks are still in there and one of the reasons why they are still in there is because their exposure to russia is more than anybody else something like $9.8 billion. we spoke with dick bovey about this , and just how much they could lose based on precedence and the metrics used when they had to exit other countries such as south korea a couple years ago. he says at least a billion, now, that sounds like a lot of money, but we should point out that citigroup has a lot in reserve, they aren't going to go in solvent, this isn't the 2008 financial crisis where they need a bank bailout, but

there's rough sledding for citigroup and the banks as they extricate themselves from russia, $9.8 billion total exposure and at least a billion, and you know , not going to be pretty, but it's just every financial firm is going to have to take their medicine and get the hell out of, get the hell out of dodge and now with these sanctions, you know, maybe that number does change. i don't know, but it is really interesting. i never thought of all the banks that did business in russia, i always thought it be deutsche bank that be the most exposed. and all of a sudden, am i missing something? it looks like it's citigroup. liz: yup well they have brick-and-mortar offices there. they have bank branches. charlie: it's almost like the mcdonald's of the bank. liz: kind of. charlie: mcdonald's was so entrenched, but the reason why it's not that big of a deal is those are franchises, they aren't like mcdonald's the company doesn't own that so

they don't, i mean, i guess they will lose vladimir putin can abs cond their hamburgers and big macs and shakes but it's not that huge of a loss to mcdonald's. i don't even know they probably don't even the real estate underneath the mcdonald's restaurants. liz: whatever it is putin will snap it up and nationalize it. charlie: we should point out, don't get too hard on citigroup for not extricating itself faster. liz: they tried. charlie: i don't know about that but it's not easy to just unwind relationships and counterparty risk and stuff like that. liz: they have been trying to sell it for a while. charlie: they did have a lot of heads up, the biden administration told everybody that every bank, you know, look at your russian exposure, last year, because they knew what was coming. they knew they would impose the sanctions. there's an fdic troubled bank list which citigroup is indicating to us it's not on that because of its russian assets. back to you. liz: okay. good stuff, charlie, thank you

very much. no green, did you not know? charlie: did you know st. patrick was italian? he was. he was italian. look it up. liz: okay. charlie: look it up. liz: today's countdown closer speaking of st. patty's day has lucky picks will help you find gold at the end of the rainbow on this st. patricks day closing bell seven minutes away and we certainly have green gold on the screen, dow is up 326, s&p and nasdaq are not far behind. ♪ ♪ ♪ it's electric... made extraordinary. ingenuity... in motion. . .

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♪. liz: what a crazy week this has been. one more day with the closing bell about 3 1/2 minutes away. look at numbers on your screen. the nasdaq is up 1%.

same with the dow and the s&p 500. bilge gains here, the markets are feeling the green as we head into the close. dow on pace for first weekly gain in six weeks. the s&p and nasdaq are having best weeks in more than one year. yes, this is just outside of other doors here, from the fox business studios. you're looking at pictures of folks celebrating new york's famed st. patrick's day parade. not everybody has the luck of the irish. our "countdown" closer has picks that may shamrock you in your portfolio. robert shine is joining us now. robert, let's get some pots of gold for our portfolio here. >> green is good right now. there are a lot of opportunities out there. markets pulled back year-to-date. we like for our investors opportunity right now. look at ford, ford is down 35% from the 52 high. will pay you while you wait.

2.54% dividend yield. product lines are, lightning sold out. restructuring for the future. ford is 3.7 times price-to-earnings ratio for a going forward basis. amazon right now, they acquired and closed the mgm studios. they have bond and rocky. they announced a 20 for one stock split, 10 billion-dollar buyback. amazon consolidates, every time i go home i have my amazon boxes on my doorstep. i like to own stuff my teenagers could consume. costco is due for increase in 110 million reoccurring customers. what will bring them to the stores ultimately, high gas prices. increased frequency. increased gas. foot traffic to costco. another inflation hedge if you will. want to invest when it is down. share accumulation. great plays for the portfolio, at the same time you can definitely own for the long

term. share inflation is not a bad idea. liz: i don't know if we can look at crude for the moment, crude is up in the after market session. rbob gasoline up 7% after multi-day falls here. you're saying costco because of its scale is able to have much cheaper gas? >> yeah. costco, when oil goes up they lose, it's a loss leader for them. in their report talked about frequency of the foot traffic. you will look for cheaper gas. in california we're at $7 right now. once we're in there, go to the stores. ultimately 7% of costcos have gas station associated with them. 128 stores worldwide. they will capitalize. they perform in good and bad markets. liz: robert, 10 seconds left. are you worried fed's move entire year? >> fed changed language, life

and ongoing, monitoring the situation. they communicated very clearly they will go seven rate hikes. right now the fed is on watch. they will watch them too. liz: sounds good. great to have you, robert. [closing bell rings] market is watching saying neh we're fine with this. dow closes at session highs. nasdaq up 169. s&p up 51. that will do it for claman "countdown." "kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. just when you think the biden insanity can't get any worse, they disprove you. now comes iran. the bidens apparently are about to make a deal with one of america's greatest enemies, iran. they also happen to be israel's greatest enemy. israel is america's greatest ally in the middle east. maybe in the whole world but the bidens don't believe that. they would