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tv   The Claman Countdown  FOX Business  April 4, 2022 3:00pm-4:00pm EDT

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i'm not sure exactly what triggers it though. we've got an fomc later on today or it could just be momentum because liz claman, one of the things that works in the market all the time, new highs beget new highs and momentum begets more momentum. liz: until, of course there's a little black swan or blue bird that jumps in the picture. maybe this twitter stuff? charles: i love it. liz: amazing. charles: i loved elon musk from day one he's absolutely amazing always shaking things up. liz: exactly but check this out charles team countdown spotted curious things about the timing of elon musk's purchase of twitter shares compared to when he floated that recent poll asking followers whether they believe twitter adheres to the principles of free speech the tesla ceo either way now the largest shareholder of the social media giant, we've got the man in charge of strategy at the company that was twitter's fourth-largest shareholder until elon bought in state street michael arone will
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join us on what he thinks the motivation is improving the stock price or something else and how he feels about it for his company. musk's moves driving up the markets twitter the top gainer on the s&p 500 while growth in big tech names on the nasdaq show the biggest bump here. the nasdaq up 244 points by far, the largest percentage jump here of the majors at least up one and three-quarters percent but crude oil in the after market up 4%. all right the war in ukraine, speaking of how many commodities have been adjusted and affected by this , still remains the biggest black cloud and now jpmorgan chase ceo jamie dimon is warning of its risks to the economy, and of an increasing chance of drastically higher interest rates to battle sky high inflation. russia's invasion wiping out a huge chunk of agricultural products in the global marketplace, one of the biggest fertilizer producers with us in a fox business exclusive. the icl group ceo is going to
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be here to tell you what his company has done to jump into the fray to help farmers and food producers across the globe, but first we got to start with this breaking news as we kickoff the final hour of trade, twitter shares are looking at their biggest gain in company history, and shareholders can thank one guy, that's elon musk, for dive- bombing right into the little blue bird's nest. right now, the stock of the social media company which went public way back in november of 2013 is up 28% today alone. the only other single day gain that comes close was the 21% jump on september 23 of 2016, and that was when another business network, not us, floated a rumor that salesforce and alphabet might take over twitter so that report went nowhere but this , this is no report. it's a filing, and let's show it to you. according to a regulatory filing that tesla ceo, has purchased 73.4 million shares of twitter, or a 9.2% stake.
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right now, that's worth about $3.7 billion and change. musk has recently taken to twitter to criticize the platform's recent regulation of certain speech in fact on march 26 he pulls his 80 million followers saying, "free speech is essential to functioning democracy. do you believe twitter rigorous ly adheres to this principle" and he then followed up see the bottom tweet that said, "the consequences of this poll will be important" but folks, that was the 26th of march. while it looks like the ceo bought the shares after the poll results showed 70% said twitter did not adhere to free speech principles take a lack at this page one of musk's sec twitter stake filings show he bought those shares 11 days before he put out the poll. what does all of this mean, particularly to twitter's other biggest shareholders? michael arone's company is managing director and chief investment strategist of state
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street global advisors with 4.1 trillion in assets under management and coming into today you guys were twitter's fourth largest shareholder with about 35.5 million shares. today, michael, i would imagine you've got to be happy with the move in the stock but how do you feel about elon musk taking such a large stake? >> well, it's a bit uncertain right now what elon musk's intentions are, but it's clear that he was using this idea of creating his own social media platform, kind of earlier this month, and so why build one when you can potentially influence or buy one and i think that was the path of least resistance for mr. musk, and it's reflected in his building of that sizable share stake in twitter over the last few weeks. liz: for anybody whose followed twitter well-before let's say the election, right? when president trump was banished from twitter and there were all these questions about whether twitter really adheres
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to the issues of free speech, that you know, this economic model needed and needs a substantial change, because they can't seem to monetize it to, i guess, the extent that they really have the possibility of doing. forbes put it perfectly. they said twitter's cultural standing has long been seen as outsized to its financial share price, so what do you hope he wants to do here? >> well, i think it's important to see if you can't make this company more connell:ly profitable. they have an incredible influence and share of voice with more than 330 million subscribers to twitter, so i think from a shareholder perspective what i'd like to see is just a more consistent approach to monetizing that, to making it profitable, from that influence perspective and i think if anything, mr. musk, you know, will certainly push in that direction. not only in the broader kind of free speech component but more in the consistency around
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that operating model and leveraging that significant user base. liz: sometimes they do so, michael, by reaching out to other large shareholders. that be you. have you heard from him? do you expect to hear from him, and if he were to reach out, what would you in state street >> w l elteaedeaed oedututut t.yet. en't hea'trdro h. hi, is, , a a a a pveve onr ndffuiup shart a a as tint.po th kldldld aen o o atr. musk m w,, innternse, whae, w has was d d d a i ahahait oadro k k k k kf off rncectescticesnd ancernanin ofd od out oneromm attapotatat thhathaharameworark he'se' trng tng tng ect pos pose cos compy andelt tha t t es for shaorers, wee r ay from f tbize're itoooooo ear tlr. sk is ip i to att this point. liz: well free speech is one thing, and that certainly is of important value especially to
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people who live and die by twitter each day and he's one of the most active on it and he has 80 million followers, but i'm not sure that squares with a direct correlation to improving the stock price. i mean a subscription-based side of twitter is something that some of the shareholders have long begged for that would obviously perhaps meaningfully add-on to the bottom line, don't you think, or is there something else that you guys have looked at and hoped would happen. >> well i think certainly some type of subscriber base would ultimately lead to a more predictable, steady stream of revenues from that standpoint, and remember, liz, our kind of, our shareholder base here is a lot of it is in the index funds that just mimick the benchmark, so part of our stake is in the fact that twitter makes up a fair amount of portion of a variety of indexes, so that's kind of speaks to the volume that we have there but certainly kind of looking to monetize that shareholder base, to grow it a
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bit more stable, a bit more consistently is something that i think would benefit all shareholders. liz: well, it's pretty fascinating considering there are other competitors out there when it comes to more conservative voices, you know, you've got rumble, parler, mewe. it's not like twitter doesn't have anybody chasing it, but they are by far the largest name out there, correct, and so in the end, what is your most important message to elon musk if he were to be watching? >> the most important message is let's do what's right for the shareholders of the company and let's look to kind of move forward kind of in a positive framework, both from the free speech perspective but moreso from how we can reward the shareholders from a long term perspective going forward. liz: good stuff, michael, thank you so much for joining us on what has to be one of the biggest days for twitter and the biggest percentage jump in the stock which is right now up 27% at the moment.
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earlier it was up 30% we'll be watching it every tick of the show. thanks so much. >> thanks, liz. liz: in fact the stock market alert shows markets are gushing higher as elon musk's 9.2% stake in twitter gives both the s&p 500 and the nasdaq a boost. we've got tesla delivery and production numbers for the quarter, also giving the electric vehicle stock sector an electric charge with rival workhorse, all jumping by 12% apiece. that's pretty major. all three of them up more than 12% here, this weekend tesla did announce record q 1 car deliveries, of 310, 048. that's a jump of 68% from a year earlier. production, however slightly different story, it dropped quarter-over-quarter due to supply chain snarls and that four-day covid-related closure of its shanghai tesla factory but no doubt the twitter news is one of the strongest drivers in the market so let's get to our
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ex expert floor show traders kenny polcari and t 3 trading scott redler who in an unbelievable stroke of good timing, tweeted friday, he was buying calls on twitter which just 72 hours later are up something like 600%. well heck, scott, even kenny polcari who entered a good seven minutes before the rest of his body does, give scott a tip of the hat. unbelievable call. how did you come up with that? what did you see on friday that made you do that? >> well, there was a lot of services out there that looked for call sweeps. what that does is it looks for big blocks of call options so someone on thursday was buying a ton of april 29 $43 calls and some guys on my team were like red dog, did you see all the call sweeps in twitter and i'm like really, i looked at the chart, it looked positive, and someone's been accumulating the name if you look back a few weeks prior i'm like why don't we join them and i'm always pretty much a twitter bull because i have friends around the world on twitter it's one of the first few things i
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look at when i open up my phone in the morning, i have subscribers i communicate to i think for business, twitter, everyone's always seeing it like an undervalued asset, having a ceo that's dual of two companies and their management team never maximized the actual twitter, i think with elon coming in with his magic touch that's why it didn't gap up and get sold and he could accumulate more and i have a feeling this woke up the stock and the all-time high is at 80 it's only at 50 and change, so it's a great trade for options but i'm staying with this one. liz: okay you're staying with it , kenny? and your gigantic trader head and i meant brain, not ego. >> [laughter] listen i think it is very very exciting what elon musk has done and you know, to scott's point to make it clear. somebody knew something was going on come thursday when they started all those call sweeps, so you have to find out kind of what happened there, but that's a whole different conversation. liz: well, kenny, i'm holding the 3g filing in my hand, and
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it's march 14. so i think that that's interesting. i don't know when it actually hit the tape, but clearly, people were starting to notice. >> correct, and so they were starting to notice on wednesday, thursday, and like scott said, once he saw those sweeps happening, he took a look at the chart and it looks like somebody had been accumulating it and in fact somebody has as we found out, helping it along the way so certainly it was a great move. that being said though, i think all the excitement being generated around twitter today is a direct result of what elon musk, what his intentions are, what you want to do. this is all about free speech, it's all about the non- cancellation of people that disagreed about a very active and lively conversation is going to happen in both ways and i think that's kind of the excitement behind where it's going because there are plenty of people who have been canceled twitter, if you don't say exactly what they want, they punish you and put you in twitter jail, until such time that you say i'm sorry and delete all your tweets, and this could be the start of maybe
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a change and people are clearly excited about it and they are excited about elon musk doing it because he is certainly a leader in the technology space. liz: you know what's interesting is we're also looking at dwac, which of course is the spac that donald trump's truth social merged within a blank check merger. it's down about 11%. that has less to do with twitter i think and more to do, perhaps, with two key executives quitting after the troubled app had a tough and rough blowout, but i do want to broaden this discussion really quickly. scott, we're looking at green on the screen here, dow up 83, s&p up 30, nasdaq up 242, growth is outpacing value at the moment, does that affect your moves going forward? >> well right now we've been in a really nice active sequence since march 15. that's when the market kind of started being more constructive, the growth names started acting better that's when tesla, which you mentioned before, started leading apple was up 11 days in
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a row, microsoft acting better, amazon, you know, with the split news of whatever it is everyone wants to debate what it means but amazon has been acting better is the come implementation of the market even in a very complicated news has been much better for me i'm trying to buy dips and trying to stay with this new trend until it fatters, yes we hit 4,600 in the s&p which after 200 handle rally over 12 days made sense, and now after last week's little digestion, things are turning up i think it's healthy. i'm trying to be actively bull ish and trying to move into different types of setups. apple has been good, microsoft has been good, social media is back and forth so everyone was all negative on facebook, meanwhile, facebook just had a 30% move in the last two weeks that was very tradeable, so i'm very opportunistic here and i think that if traders are that way they could make money versus just looking at the headlines which still are a little complicated. liz: indeed. apple and amazon both up 2% a piece. gentlemen thank you great to see you both, kenny and scott. big rigs, barreling their way to
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the white house as the biden administration works to fix the truck driver shortage. we're going to take you straight to the front lawn of the white house for details. this has far-ranging implications, with the closing bell ringing in 45 minutes the "clayman countdown" is only just beginning to heat up, more straight ahead in just a moment. you can't buy love. happiness. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪ what are you recommending for muscle pain? based on clinical data, i recommend salonpas. agreed... my patients like these patches because they work for up to 12 hours, even on moderate pain. salonpas. it's good medicine
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and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. liz: breaking news, president joe biden saying the job picture for america's truckers is the best its been in 18 years. the president making those comments moments ago at the white house as he rolled out the big rigs, team biden hoping to help clear the clogged supply chain by cutting red tape to expand high-quality training and get more drivers back behind the wheel through his trucking action plan, or tap. let's go straight live to the white house and edward lawrence on i guess edward how the president plans to specifically do that. reporter: yeah, exactly, and the president was meant to highlight, you mentioned the supply chain issue, was meant to highlight unclogging the supply chains, and well, the president instituting a program announcing last year to get more trucks on the roads now we met one of the new drivers today, also the president saying
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that that plan to get more trucks on the road is working. >> i have nothing against investment bankers they could all retire and nothing much would change. you all quit everything comes to a halt. think about it i'm not joking. reporter: the white house now pointing to these successes, states have issued more than 87 6,000 cdl's or the truck driving license since january of 2021 the wages of truck drivers increased over the past 12 months and more than 100 employers launched trucking apprentice programs in the past 90 days after the department of labor streamlined the process. now the industry has been plagu ed by high gas prices. the average price of a gallon of regular you see there is $4.19 a gallon, diesel at $5.09 a gallon many trucks use diesel. these are the costs added into the products that we buy as gas prices increase the cost of those products will increase so what the president's 90 day plan addresses is getting trucks on
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the road to thus unclog the supply chains as you know, the supply chains are looking still clogged as we seek experts are saying that there could be problems down the road because china is locking down certain manufacturing areas that could cause a surge later on, continuing the supply chain issues but this deals with that middle mile, liz, where they are talking about getting the stuff from the ports to the places the distribution houses where they need to go and get more truck drivers to do that. liz? liz: good to see you. i know, the truck drivers are key here. let's keep that right out there. we need more of them. good to see you thank you very much, edward lawrence. chinese stocks have you seen these? we talked a lot about the rollercoaster they were on the last couple of weeks. they are blasting off today like fireworks, as xi-jinping maybe getting closer to allowing the opening of the books to companies threatened with delisting here in the u.s.. we've got the scoop in today's pop stocks. closing bell 39 minutes away, dow holding on to 85 points of gains at the moment but it is
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liz: fox business alert, we need to look at u.s. listed shares of chinese companies because they are jumping on news that beijing could come to a deal with the securities and exchange commission on audit oversight, so you've got pin duo duo up 15% , jd.com up 6.8% at the top of the nasdaq after beijing announced this weekend it had drafted revised confidentiality rules that could allow them to open their books to u.s. auditors. now the sec has threatened to de list roughly 270 chinese companies by 2024, for not following u.s. audit protocol. take a look at hertz who got a jolt after the rental car company revealed it's purchasing 65,000 electric vehicles over
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the next five years from swedish auto maker polstar. hertz is still up about 10.4% very close to session highs here , the deal is part of the company's goal to expand plug-in offerings. hertz expects the new ev's to be available in europe this spring and later this year in north america and australia. can we flip over to peloton shares here revving higher by 5.25% after bloomberg reported the company has lowered the price of its yet to be released strength training device. the new guide product as it's called which goes on sale this week, is going to retail for $295. now when the company unveiled the product, the price tag was 495 bucks. new ceo barry mccarthy who took over peloton last month after activist investors demanded a management change has shifted the company's focus to generating subscription revenue versus actual, you know, product revenue. shares of jet blue, southwest and spirit airlines are mixed at the moment after the carriers
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had to cancel more than 3,500 flights this weekend for storms in florida and also had technical issues. operations seemed to have smooth ed out in the last several hours with fewer than 600 flight s within into or out of the u.s. canceled at the moment. spirit is unchanged, jet blue still down two-thirds of a percent, southwest up a fraction 18% of the world's fertilizer simply evaporated when russia was sanctioned for invading ukraine, but one of the biggest fertilizer producers in the world is working to makeup the difference as prices shoot to the stratosphere and yes it's publicly traded we've got the ceo here next in a fox business exclusive. closing bell 32 minutes away, again, we're looking at the nasdaq today, because it's up one and three-quarters percent or 252 points hey we only have about just over half an hour left dow is up about 65 off the highs of the session, s&p up 31 we are coming right back.
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liz: we've got this breaking news happening right now in the white house press briefing, national security advisor jake sullivan has just told reporters the u.s. is going to announce additional sanctions on russia later this week. the white house also says it is not yet ready to label russia's invasion as genocide yet, aftershocking images emerge from bucha, ukraine that appear to show dead civilians lying within the street and within the last hour, russia's defense minister said troops will let ukrainian forces in mariupol leave for ukrainian territory tomorrow if they lay down their weapons but we heard that story before. as ukraine deals with blood shed and an outright attack on its entire nation, it must also deal with the impact this war has on its economy. today the prime minister announced the country has established new railroad routes for its exports particularly grain and you can see that wheat
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here in the u.s. is up 14 and one-third percent since russia's invasion and fertilizer has also been very volatile since the invasion. russia accounted for nearly one- fifth of all global fertilizer exports last year and suspended exports for a month now. if you look at the weekly north american fertilizer price index, this is put out by green markets , this index has increased 70% since february 25, when the attacks began. let's bring in in a fox business exclusive raviv zolar, a leading global specialty minerals company and the world's sixth largest potash producer and largest broussard mine producer. thank you for joining us you're live in tel aviv so it's late there but we don't know where we stand whether it's early or late in the cycle of this horrific war but we do know fertilizer has been at the forefront when specifically looking at the effects of commodities and exports. how have you guys at icl jumped
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into the fray to fill the gap left by russia shutting down its operations? >> absolutely, markets have been tough, even before the war. they've been tight, constrained from the supply side. i remind you that sanctions were put on russia even before the war, and then came the war and the sanctions and the fertilizer prices have gone up across-the-board 30-40%, but even moreso, because you know that fertilizer prices when they go up and food prices go up, we have inflationary pressures. it's not just about prices. it's about availability. some importers from countries are not being able to get their fertilizer supplies and this has a longer term impact because it causes issues on food security,
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so the sanctions are causing certain countries not obviously the u.s. , europe will be able to get the fertilizer necessary because they will be able to pay more, but some poorer countries, mainly africa and asia, are shorter fertilizers and there will be issues with food supply and we will see a few months from now, significant food shortages in those places. liz: well, you know, your stock price -- >> this is all about food security now. liz: yeah, of course and it's a horrible thing, but obviously, there's a slight silver lining here, your stock price is up 23% year-to-date and 102% over the past year. there's so many questions here. i mean, this weekend, on fox & friends, goya's ceo, the spanish food giant, had really stressed about this and he is incredibly concerned and he's warning the war will have a devastating effect on food supply which
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squares with exactly what you're talking about. here in the u.s. , there's one possible solution and that is that the usda might tap into the commodity credit corporation charter act. do you think government assistance is a short-term fix that is useful at this point? >> it definitely is a short-term fix, but i think short-term fixes are needed sometimes, and we are in a catastrophic situation that we can't see at this point yet, because we only see input prices going up, but we also see prices are already going up and that is going to effect food prices obviously, and longer term supply and some countries are applying short-term measures so we can see china, they've actually used emergency reserves in india, they are raising subsidies. in the uk, they started by giving support to nitrogen producers to make sure there was a sufficient supply, and then they came out with other measure
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s of various grants and also regulatory easing allowing some of the things that were required of farmers to be delay ed, and we see more governments by the day, worried about fertilizer supply, about food supply, and it's an ongoing crisis and in the short-term we do need the short-term fixes. i mean the global food supply. liz: yeah, absolutely. i do think it's important to stress that so much of all industry, whether it's yours or chemicals that you produce, et cetera, revolve around fossil fuels and of course, it's europe that can not wean itself at least at the moment off russia's energy because that's pretty much what russia has, that is the biggest natural resource, and you're basically if you continue to buy into that, you're feeding russia's war against ukraine.
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you at icl, have been very focused on sustainable energy and using that to create everything that you do there. tell me how that is working, and at some point do you hope to be entirely off of fossil fuels so that you don't have to be dependent on a country like russia? >> so very good point. first of all, all of our fertilizer plants, we have 25 of them and we're working at full capacity to try to fill in as much of the gap as possible. of course it's not enough. that's why it's for other short-term measures, but in terms of renewable energy, actually all our businesses in europe are already transformed to renewable energy, and we're working swiftly and efficiently to move all of our plants to renewable energy. in fact, we just completed just a couple years ago, we completed a full shift to natural gas
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which is the right interim energy supply and we have a couple of significant projects that we're very proud of that will make us how much more sustainable. currently, our largest product is called green snow, it's our dead sea site which accounts for about 50% of our carbon emissions globally, and it's based on green hydrogen and solar energy, and the aim is to go carbon neutral on this site so that 50% of our emissions are taken care of just from this very exciting project. liz: raviv -- >> there's a lot of opportunity in renewable energy and we view it's a business opportunity. liz: our viewers do too, when we started this interview your stock was up one-third of a percent it's now up nearly 1%, just slightly below it, so our viewers certainly like the track that your company is taking. thank you so much for joining us >> thank you for having me. appreciate it.
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liz: raviv zoller of icl. now that elon musk is the biggest majority shareholder of twitter at a 9.2% stake, what will the outspoken ev mogul's plans be for the platform? we've been asking this of guests all this hour, but charlie has been talking to some experts, and they have some ideas he's going to break it, next, 20 minutes before the closing bell rings, dow is up 83, charlie is back next. as a main street bank, pnc has helped over 7 million kids develop their passion for learning. and now we're providing 88 billion dollars to support underserved communities... ...helping us all move forward financially. pnc bank: see how we can make a difference for you. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description.
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of the session, a gain of about i want to say 30%. so we're coming slightly off it but this is all thanks to elon musk taking a 9.2% stake in the social media platform and in fact, his first tweet today since the news became public, basically was trolling twitter, where he put out oh,, hi, charlie? charlie:lol. liz: is he in this just for fun or serious? charlie: i think he's serious and here is why. i don't have a pipeline to him. you do. you should ask him. liz: well, i, he's kind of -- charlie: he's gone underground and there are people if you look at he's pals with and i'm a huge finance of joe rogan so i listen to joe rogan all the time and apparently they are friends and he's been on rogue an's show. liz: oh, yeah, trouble from rogue an's show. charlie: he almost got thrown out for smoking pot, but if you listen to people like joe rogan,
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they are saying twitter is bias against libertarian and conservative voices, they believe it's an unfair platform, and musk is set as much so if you just take who he hangs with and what he thinks, what he said in the past, this is not a passive investment. now, i have some ceo's who know him who banked him. what do they think, and they agree, he's going to try to influence them. now the question is how does he influence them, just by holding the stock and breaking their chops every time? liz: he didn't have to do much to announce his stake today. charlie: no, no, to get them to move the lever on who they cancel on the platform or not. does he demand a board seat or two? he could. he's the largest single shareholder. he could ask for that. liz: 9.2%. charlie: but he can launch a proxy battle on that. so there's a lot he can do but the other thing that's
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interesting here aside from twitter is the securities and exchange commission has some remember he cut some deals? they basically did a settlement on his funding secured tweet that wasn't -- liz: wasn't really true. charlie: it was a joke but in any event they cut a deal with him. he neither admitted nor denied wrongdoing, but as part of the settlement he had to have his tweets monitored. liz: by the legal team. charlie: now think of it this way. he owns the service that he, they have to monitor. it's fascinating stuff. he can get at the sec that way as well. this , to me -- liz: any of this , beyond today, move the needle on the stock, which has not reached its potential. talk to anybody -- charlie: here is where it might move the needle, okay? and again, it's the people i talk to who say they know him, they will definitely know of him and banked twitter, he could change some of the rules to make
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it more open, maybe more users come in at that point. the conservatives are looking for parler and these other places maybe elon musk puts those out of business because twitter i much more of an open platform. does he buy the whole thing? he could, couldn't he? liz: yeah, right now. charlie: right now. liz: drop in the ocean. charlie: it's a drop in the ocean for him. i think -- liz: it's at 40 billion, he's worth more than 250 billion. charlie: it's tesla stock so he could sell some of that stock that would hurt tesla's shares but he could put together a deal team, easy, right? liz: tomorrow. charlie: bring in blackstone. liz: his focus is so much on space, they are about to open the gigafactory in texas. he's starting a utility company called tesla energy. charlie: by the way who knows what's going to happen with tesla once the fed starts raising rates there's some fluff in that stock. i'd say this guy is all over the place. he's a huge advocate for free speech, he's a libertarian --
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liz: he's a dreamer, thinker, doer. charlie: he thinks twitter controls the conversation in a bad way, and he said it. my guess, and the guess of people who say they know him, he's going to fight for change. it'll be interesting to see if he asks for board seats and what they try to do. liz: more interesting if he does a subscription-based part of this because that would really lift the bottom for revenue. charlie: forces him to do stuff like that, yes. does he force changes to their bottom line that goes beyond the politics? remember, he's just spoken up about the politics so far. i don't, you know, we don't know what his theories are about the business model here. liz: no, in fact, here's the 13g s the filing that he put in with the sec. charlie: does it say lol? liz: on march 14, it says rofl, rolling on the floor laughing, all that stuff. charlie: 4/20 or bust.
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liz: funding secured. charlie: [laughter] liz: charlie thanks. charlie: his funding was secured for the 9% stake. liz: well he wills things to happen as the hewlett packard ceo once said to me, elon wills things to happen. charlie: i feel sorry for the twitter people. they deserve elon. he's going to fry this them i think. liz: well, you need oil to fry, and oil & gas sectors have been so hot due to the ukraine war. nice segway, liz. nice segway but today's countdown closer has three back doorways to play the energy volatility without buying actual direct energy stock. you've gotta hear what his picks include and one of them is very much an outlier that is i find very creative, stay tuned we're coming right back.
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liz: we're five 1/2 minutes away from the closing bell. the nasdaq has taken the top spot for gains at the moment. nasdaq up 262. i saw high of the session for nasdaq as yeah not too far from where we are. s&p up 35. the dow up 86. oil and natural gas have been heating up since the start of the russia-ukraine war. our "countdown" closer has ways to heat up your portfolio without just oil and drilling stocks. we have hood river capital management portfolio manager, brian smolek. how many times did i say manager, brian? not bad. instead of buying integrated oilers, the drillers, the refiners, you say buy at least two to three picks the guys that
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build the infrastructure for both nat-gas and crude? >> exactly. we want to buy guys who are providing the picks and shovels, actually building the infrastructure themselves so they're agnostic to actually who is doing the work. as long as it is happening in the united states or europe they're going to win. one of them is chart industries this -- they provide a lot of storage tanks and infrastructure for liquid natural gas, hydrogen, oil and natural gas around the world both in europe and asia. the ceo has done a great job diversifying into hydrogen. they're a big player in liquified natural gas projects. they are getting approved lately. there is up sides to earnings estimates. they are trading 20 times earning. we think there upside there. the other one is mastec, infrastructure provider for a lot of end markets but one of the big ones they provide
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services for is clean energy and natural gas and regular oil. we think they will have a big uptick in activity at the back half and next year because of tightness in spot markets and they're really well-positioned to doing well. >> reason i give legitimatal legitimacy to this, you're not telling us to buy at the top here. mass tack is down 9% to date there is. this is energy drink, conglomerate, celsius holdings. nice, okay, brian. get your thought on that. why? >> so celsius right now has is just getting started. they have less than 5% share in the energy dripping market. they're really nipping at the heels of monster and red bull. those each have respectively around 40% of the market. they're growing at over 100%. the street has 60 plus percent
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growth this year. we think they will easily exceed that there is a lot of room for the stock to grow if they steal share. it is embedded 5% per share. can get 10 to 20% per share. if that happens you can get double in the stock. liz: taking a bet on the little guy when shelf space is like fighting the worst battle for your life. it isish vicious when you're trying get shelf space on supermarket shelves. can you tell me what is happening in the second quarter because we're seeing volatility plus the yield curve inversion. the two-year and 10-year continue to be inverted and jamie dimon has floated this idea hard times are ahead, possibly recession. what do you think? >> you definitely can't eliminate that. the odds of recession have definitely spiked since the two, 10-year inverted since that is such a good predictor. inflation is a huge problem. we talked to around 400 companies every quarter across
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the board this quarter, costs are an issue. so the fed has to be aggressive and the more aggressive the fed is the harder it will be on the economy and inflation is really biting into the consumer that could cause potentially a downturn in the economy which the market is discounting. that being said, small cap in particular, we're small-cap growth investors felt a lot of pain the last 12 months. that is down 15%. this isn't necessarily a big surprise. this has been happening over the last three months. so barring a big economic downturn i think the stocks will work over 12 months. but in the next three to six there could be definitely a rough patch given everything you just highlighted. >> brian, thank you. really good to see you, and to get your picks which i repeat are mastec, smoluch,. we start this week on an up
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move. green on the screen. the dow punched up triple digits. we'll close there. we're 20 seconds away from hearing the bell. 90 points now and climbing. [closing bell rings] liz: nasdaq takes the lead up 1%. twitter is taking the lead elon musk taking a stake in twitter. closing up 20%, the biggest gain in its life history. ♪. larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. so elon musk to the rescue, part three. part one last december, mr. musk speaking of "build back better" said, and i quote, i would just can this whole bill. might be better if the bill doesn't pass because we spent so much money, you know. it is like the federal budget deficit insane end quote. good for him. that is part one. he helped save america. he helped kill the bill. i said at

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